earnings
confidence high
sentiment positive
materiality 0.85
Franklin Covey Q4 sales record $68.9M (+41% YoY); FY21 adj. EBITDA $28.0M (+96%); guides FY22 EBITDA $34-36M
FRANKLIN COVEY CO
- Q4 sales record $68.9M (+41% YoY); diluted EPS $0.13 vs $0.07. Full-year net income $13.6M ($0.96) vs loss ($9.4M) in 2020.
- All Access Pass subscription & subscription services sales +41% to $32.0M in Q4; full-year +24% to $112.5M.
- Billed+unbilled deferred subscription revenue grew 27% to $127.4M. Education Div. subscription revenues up 52% in Q4.
- Full-year Adjusted EBITDA $28.0M (+96%); FY2022 guidance: adj. EBITDA $34-36M (midpoint 25% growth).
- Operating cash flow $46.2M (+68%); cash $47.4M, no debt on credit line.