The company bills itself as a pop culture consumer products company that engages in designing, sourcing, and distribution of licensed pop culture products. The company's product lines include media and entertainment content, which comprises movies, TV shows, video games, music, and sports.
Funko Inc /zigman2/quotes/200276577/composite FNKO -1.39% recently announced, together with Macy's, Inc. /zigman2/quotes/201854387/composite M -2.94% and in collaboration with Lucasfilm, that a Funko Pop!-inspired balloon featuring the character Grogu (known in pop culture as Baby Yoda), from the beloved Star Wars series The Mandalorian streaming on Disney+, will fly at this year's Macy's Thanksgiving Day Parade(R).
"The giant balloons in the Macy's Thanksgiving Day Parade have always reflected the very best of pop culture and there is no better example of that than Grogu who has become an instant global sensation," said Will Coss, Executive Producer, Macy's Thanksgiving Day Parade. "We are thrilled to collaborate with Funko and Lucasfilm on this Funko Pop! version of the beloved character that is sure to delight legions of Star Wars galaxy fans."
Even with that news, the action hasn't really heated up in the stock, with shares moving net sideways over the past week.
Funko Inc /zigman2/quotes/200276577/composite FNKO -1.39% managed to rope in revenues totaling $236.1M in overall sales during the company's most recently reported quarterly financial data — a figure that represents a rate of top line growth of 140.7%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($95.5M against $195M, respectively).
Other core stocks in the NFT space that may see interest on this resurgence include Plby Group Inc /zigman2/quotes/218881017/composite PLBY -2.92% , Takung Art Co Ltd (nyseamerican:TKAT), Wisekey International Holding AG - ADR /zigman2/quotes/205443117/composite WKEY -7.64% , Oriental Culture Holding Ltd /zigman2/quotes/223043534/composite OCG -2.32% , and Liquid Media Group Ltd /zigman2/quotes/207313629/composite YVR -3.83% .
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The post NFT Stocks in Focus as NFT Market Booms to New Heights (PLAY, PLBY, TKAT, SFLM, FNKO, WKEY, OCG, YVR) appeared first on Wall Street PR .
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