secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000886206-22-000025
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 Q4 & FY2022 beat: record revenue $262.8M, Adj EBITDA up 51% to $42.2M, FY2023 guidance $47-49M
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- FY2022 revenue $262.8M (+17%); Q4 $78.8M (+14%). GAAP diluted EPS: FY $1.27, Q4 $0.39.
- Adj EBITDA FY $42.2M (+51% YoY); Q4 $13.3M (+26%). Operating income up 192% to $23.7M.
- All Access Pass subscription sales +28% to $144.5M; Education Div +26%. Deferred rev sum $153.4M (+20%).
- FY2023 Adj EBITDA guidance $47-49M (constant currency); implies ~11-16% growth from FY2022 $42.2M.
- Cash from operations $52.3M (+13%); liquidity >$75M including $60.5M cash, no borrowings on $15M revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620622000025/0000886206-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620622000025/fc-20221102x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-22-000025

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