24/7 Market News Snapshot 08 May, 2025 – Funko, Inc. Class A Common Stock (NASDAQ:FNKO)
DENVER, Colo., 08 May, 2025 (www.247marketnews.com) – (NASDAQ:FNKO) are discussed in this article.
Funko, Inc., a leader in the pop culture merchandise space, opened its trading session today at $4.02, benefiting from a significant bullish trend with shares gaining approximately 9.57% to reach $4.35. This performance reflects a surge in investor confidence, illustrated by a trading volume of 1.87 million shares, denoting increased market activity and liquidity. Technical indicators remain favorable, with resistance levels observed around $4.50. As long as the stock stays above the $4.20 support level, further upward momentum is likely.
In its recently released financial results for the first quarter ending March 31, 2025, Funko reported a net loss of $28.1 million, a slight increase from the previous year’s loss of $23.7 million. This dip occurred amid a decrease in net sales, which totaled $190.7 million, down from $215.7 million in 2024. Nevertheless, the company achieved a gross profit of $76.9 million, maintaining a strong gross margin of 40.3%, highlighting its capacity to sustain profitability in a challenging economic environment. Moreover, the company’s selling, general, and administrative expenses were effectively controlled at $84.8 million, reflecting a reduction from the prior year, which had included non-recurring costs.
CEO Cynthia Williams noted the company’s success in international markets, stating, “International continues to be a strength for both our business and our brand.” This strategic focus on global outreach is complemented by a response to increasing tariffs, with plans to diversify sourcing, aiming to have approximately 5% of U.S.-bound products sourced from China by year-end. While the company has opted to withdraw its full-year 2025 outlook due to ongoing global uncertainties, it remains dedicated to enhancing its product offerings and engaging its fanbase.