secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0000886206-22-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Covey Q3 sales up 13% to record $66.2M; raises FY Adj. EBITDA guidance to $40-$41.5M
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- Sales $66.2M (+13% YoY); All Access Pass subscriptions up 32% to $39.1M; Education sales up 21%.
- Operating income $5.9M (+91%); Adjusted EBITDA $10.9M (+27%); net income $7.2M ($0.51 diluted) vs $12.8M ($0.90) prior year.
- Deferred subscription revenue (billed + unbilled) up 21% to $116.5M; rolling four-quarter sales $253M (+24%).
- Cash from ops $39.5M (+28%); liquidity $67M; repurchased 499,411 shares for $20.3M in Q3.
- FY 2022 Adj. EBITDA guidance raised to $40-$41.5M (midpoint +45% YoY); headwinds from China/Japan COVID disruptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620622000018/0000886206-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620622000018/fc-20220629x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-22-000018

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