$Funko (FNKO.US)$It is a popular toy. After listing in 2017,...

$Funko (FNKO.US)$It is a popular toy. After listing in 2017, with the exception of an 18% decline in 2020, revenue maintained rapid growth for 4 years, with an average 5-year growth rate of 21%. However, operating profit lost at a high revenue of $12 million in 2022. On the one hand, cost growth was too fast, and the 63% surge in sales and management expenses also had a huge impact. On the one hand, these two points may cause the business model to be unprofitable, and on the other hand, there are major management problems, which currently lack investment value.