Disclaimer: This was meant to be published on 20 Jan but i think i have missed it.
If this post is published, it probably means that i had a good week(on 20 Jan) and decided to release my thoughts/predictions on the 2H and FY Results.
(Had a good week)
For Folks who are curious on how the previous time it went, i wrote a similar preview for 1H 2023.
Concise Version
2023 Revenue Fall Compared to 2022 is likely, with any growth in profits to come from margin expansion / revenue growth in Plush Stuffed Toy.
Revenue from Top Customer in 2022 will fall in 2023. For 2023 revenue, Japan and China should see revenue growth while US it should see revenue decrease compared to 2022.
I am still optimistic that we will see profit growth for FY 2023 compared to FY 2022.
Long Version
Negative Factors affecting the company
Funko continues to show negative growth....