Franklin Covey reports Q1 FY2023 sales up 13%, net income up 22% to $4.7M; affirms FY2023 EBITDA guidance $47-49M

FRANKLIN COVEY CO

2023-Q1 EPS reported $0.32 revenue$69,369,000

Sales $69.4M (+13% YoY); net income $4.7M ($0.32 diluted EPS) vs $3.8M ($0.27) prior year.
Adjusted EBITDA $11.5M (+16% YoY); reaffirms FY2023 constant-currency EBITDA target $47-49M.
All Access Pass subscription revenue up 20% to $39.6M; total billed+unbilled deferred subscription revenue $151.6M (+25%).
Education Division revenue up 23% to $14.4M; liquidity >$73M (cash $58.2M, undrawn credit line $15M).
Gross margin 76.0% (down from 77.7% due to mix); SG&A 63.4% of sales improved.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN COVEY CO reported first quarter of fiscal 2023, which ended on November 30, 2022 results: revenue $69.4 million, net income $4.7 million. Guidance reaffirmed.

Period: first quarter of fiscal 2023, which ended on November 30, 2022
Revenue: $69.4 million
Net income: $4.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

FRANKLIN COVEY REPORTS STRONG FIRST QUARTER RESULTS TO START FISCAL 2023 Consolidated Sales Increase 13% to $69.4 Million Compared with $61.3 Million in Fiscal 2022, Sales Grow 14% for the Latest Four Quarters All Access Pass Subscription and Subscription Services Sales Grow 20% to $39.6 Million, Education Division Revenues Grow 23% over Fiscal 2022 Sum of Billed and Unbilled Deferred Subscription Revenue Increases 25% to $151.6 Million Compared with November 30, 2021 Net Income and Adjusted EBITDA Exceed Expectations, Net Income Increases 22% to $4.7 Million, Adjusted EBITDA Increases 16% to $11.5 Million, Latest Four Quarters Adjusted EBITDA Increases 28% to $43.7 Million Liquidity and Financial Position Remain Strong with Available Liquidity Exceeding $73 Million at November 30, 2022 Company Affirms Earnings Guidance for Fiscal 2023

View on SEC.gov

Browse all earnings releases →

FRANKLIN COVEY CO filing history →

Source: SEC EDGAR

accession 0000886206-23-000002

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.