secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2022-03-30T23:59:59+00:00
Accession:  0000886206-22-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Covey Q2 sales +18% to $56.6M; Adj EBITDA +57% to $8.0M; FY22 guidance raised
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620622000011/0000886206-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620622000011/fc-20220330x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer