earnings
confidence high
sentiment positive
materiality 0.80
Franklin Covey Q2 sales +18% to $56.6M; Adj EBITDA +57% to $8.0M; FY22 guidance raised
FRANKLIN COVEY CO
2023-Q2 EPS reported
$0.40
revenue$117,859,000
- Sales $56.6M (+18% YoY); AAP subscription sales $32M (+29%); Education revenue +31%.
- Operating income $3.5M vs $0.8M; net income $1.9M ($0.13 diluted EPS) vs net loss in prior year.
- Adj EBITDA $8.0M (+57%); rolling four-quarter Adj EBITDA $37.1M (+163% vs prior year period).
- Billed+unbilled deferred revenue $119.3M (+24%); cash $61.1M; total liquidity $76M.
- FY2022 guidance raised: Adj EBITDA expected $38M-$39M, representing ~37.5% growth vs FY2021.