An investigation for investors in Funko, Inc. (NASDAQ: FNKO) shares over potential securities laws violations by Funko, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 02/19/2020 -- Funko, Inc. is under investigation over potential securities laws violations 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 firstname.lastname@example.org 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. 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."
Those who purchased shares of Funko, Inc. (NASDAQ: FNKO) have certain options and should contact the Shareholders Foundation.
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