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Investigation announced for NASDAQ: FNKO investors over potential Securities Laws Violations by Funko, Inc.

02-10-2020 04:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Funko, Inc. (NASDAQ: FNKO) shares over potential securities laws violations by Funko, Inc.

An investigation for investors in Funko, Inc. (NASDAQ: FNKO) shares over potential securities laws violations by Funko, Inc.

An investigation was announced on behalf of investors of Funko, Inc. (NASDAQ: FNKO) shares over potential securities laws violations by Funko, Inc. in connection with certain financial statements.

Investors who purchased shares of Funko, Inc. (NASDAQ: FNKO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Funko, Inc. (regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Everett, WA based Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom.
Funko, Inc. reported that its annual Total Revenue rose from $516.08 million in 2017 to $686.07 million in 2018 and that its Net Income increased from $4.42 million in 2017 to $7.46 million in 2018.

On February 5, 2020, Funko, Inc. reported preliminary financial results for the fourth quarter ended December 31, 2019. Net sales are expected to be approximately $214 million, a decrease of 8% compared to $233 million in the fourth quarter of 2018. The sales fell well below average analyst estimates of $264.29 million. On a third-quarter conference call, the Company CFO, Jennifer Jung, stated, "we are maintaining our guidance ranges, we laid out on the second quarter conference call."

Shares of Funko, Inc. (NASDAQ: FNKO) declined from $27.89 per share in September 2019 to as low as $9.05 per share on February 6, 2020.

Those who purchased shares of Funko, Inc. (NASDAQ: FNKO) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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