[46 / 4 / 1]
Quoted By: >>11619751 >>11619817 >>11622357 >>11622852 >>11622984 >>11624850 >>11626615 >>11626666 >>11626673 >>11626685
Nooooooooooooooooo
>Previously, it was reported that the company had renegotiated terms on several outstanding loans following the devastating losses earlier in the year, but now it looks like even those terms may not be met. According to an SEC filing by the company, “"[T]here is substantial doubt about our ability to continue as a going concern for the next twelve months.”
>The company described a "…challenging retail environment where retailers have slowed their restocking, prioritized lower inventory levels, and, in some cases, have canceled their orders." Like many companies, Funko is putting a lot of the difficulties down to tariffs. They continued, "Tariffs reduce net sales, gross margin, and net income, and could impact consumer discretionary spending in future periods," the company said.
https://movieweb.com/funko-could-shut-down-kpop-demon-hunters-range-hope/
>Previously, it was reported that the company had renegotiated terms on several outstanding loans following the devastating losses earlier in the year, but now it looks like even those terms may not be met. According to an SEC filing by the company, “"[T]here is substantial doubt about our ability to continue as a going concern for the next twelve months.”
>The company described a "…challenging retail environment where retailers have slowed their restocking, prioritized lower inventory levels, and, in some cases, have canceled their orders." Like many companies, Funko is putting a lot of the difficulties down to tariffs. They continued, "Tariffs reduce net sales, gross margin, and net income, and could impact consumer discretionary spending in future periods," the company said.
https://movieweb.com/funko-could-shut-down-kpop-demon-hunters-range-hope/
