Funko, Inc. (NASDAQ:FNKO) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET

Company Participants

Rob Jaffe - Director of Investor Relations
Michael Lunsford - Interim Chief Executive Officer
Yves LePendeven - Acting Chief Financial Officer
Cynthia Williams - Newly Appointed Chief Executive Officer

Conference Call Participants

Eric Wold - B. Riley
Stephen Laszczyk - Goldman Sachs
Linda Bolton Weiser - D.A. Davidson & Company.

Operator

Good afternoon, and welcome to Funko's 2024 First Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at the time. Please be advised that reproduction of this call, in whole or in part, is not permitted without written authorization from the company. As a reminder, this call is being recorded.

I would now turn the call over to Funko's, Director of Investor Relations, Rob Jaffe. Please proceed.

Rob Jaffe

Hello everyone, and thank you for joining us today to discuss Funko's 2024 first quarter financial results. On the call are Michael Lunsford, our Interim Chief Executive Officer; Yves LePendeven, our acting CFO; and Cynthia Williams, our Newly Appointed CEO. This call is being broadcast live at investor.funko.com. A playback will be available for at least one year on the company's website.

I want to remind everyone that during the course of this call, management's discussion will include forward-looking information. These statements represent our best judgment as of today about the company's future results and performance. Our actual results are subject to many risks and uncertainties that may differ materially from those stated or implied including those discussed in our earnings release. Additional information concerning factors that could cause actual results to differ materially is contained in our most recent SEC reports. In addition, during this call, we refer to non-GAAP financial measures that are not prepared in accordance with US Generally Accepted Accounting Principles and may be different from non-GAAP financial measures used by other companies. Investors are encouraged to review Funko's press release announcing its 2024 first quarter financial results for the company's reasons for presenting non-GAAP financial measures. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is also attached to the company's earnings press release issued earlier today.

I will now turn the call over to Mike Lunsford. Mike?

Michael Lunsford

Thanks, Rob and good afternoon, everyone. I'll begin with the announcement made earlier today that our Board of Directors has appointed Cynthia Williams, as Funko's next CEO. Cynthia's experience across the consumer products, gaming and e-commerce industries, combined with the growth she spearheaded while at Hasbro, Microsoft and Amazon made her the clear choice to be our next CEO. We welcome Cynthia to the Funko family. I can tell you Cynthia is eager to get started and I'm pretty eager for it to get started. She is here with us today and will make a few introductory comments a little later in our presentation.