FUNKO REITERATES GOING CONCERN WARNING AS PROFITS DROP
https://s.yimg.com/ny/api/res/1.2/TEaOv82UFtGotYKgPhybSQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/retail_dive_367/e40dcd68007900145781468cea313f83
✍️ Funko, a toy company, has raised concerns about its ability to continue as a going concern due to potential insolvency and insufficient cash flow.
👉 Funko has raised concerns about its ability to continue as a going concern due to potential insolvency and insufficient cash flow. 👉 The company's cash flow may be insufficient to support working capital needs within the next year. 👉 Funko is not forecast to have sufficient cash reserves to fully repay loans by September 2026. 👉 The company has hired a financial services firm to advise on its refinancing process.
-- #JoshSimon #YvesLePendeven #business
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