---
schema_version: "secwatch.filing_event.v1"
accession: "0000886206-23-000002"
form_type: "8-K"
ticker: "FC"
cik: "0000886206"
company_name: "FRANKLIN COVEY CO"
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T20:03:51.116692+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000886206-23-000002
- form_type: 8-K
- ticker: FC
- cik: 0000886206
- company_name: FRANKLIN COVEY CO
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886206/000088620623000002/0000886206-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886206/000088620623000002/fc-20230105x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000886206-23-000002
- JSON: https://secwatch.observer/filing/0000886206-23-000002.json
- Plain text: https://secwatch.observer/filing/0000886206-23-000002.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/886206/000088620623000002/0000886206-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.