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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Funko, Inc.    FNKO

FUNKO, INC.

(FNKO)
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Investor Alert: Ademi & O' Reilly, LLP Investigates Possible Securities Fraud of Funko, Inc.

02/07/2020 | 04:03am EST

MILWAUKEE, Feb. 7, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating possible securities fraud claims against Funko, Inc. (NASDAQ: FNKO) resulting from inaccurate statements Funko made regarding its internal controls, business practices, financial statements and prospects.

Click here to learn more about the investigation: http://ademilaw.com/case/funko-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

The investigation focuses on whether Funko issued false and misleading statements regarding its business practices and prospects.  Specifically, Funko expects fourth-quarter sales of $214 million, down from $233 million last year and significantly lower than the consensus of $231 million. Funko said a "challenging retail environment" and weak sales related to some major movie releases were to blame. The company will also incur a one-time $16.8 million charge to write-down disposal of slow-moving inventory. Funko expects 2020 sales growth in the high-single digit to low-double digit range, though the first half is expected to be flat to down in the low-single digit range compared to 2019.

If you wish to obtain additional information or have information about this investigation of Funko, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, http://ademilaw.com/case/funko-inc.                     

We specialize in securities fraud and shareholder litigation.  For more information, please feel free to call us.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Ademi & O'Reilly, LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com

 

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View original content:http://www.prnewswire.com/news-releases/investor-alert-ademi--o-reilly-llp-investigates-possible-securities-fraud-of-funko-inc-301000835.html

SOURCE Ademi & O'Reilly, LLP


© PRNewswire 2020
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