secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0000886206-23-000002
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 reports Q1 FY2023 sales up 13%, net income up 22% to $4.7M; affirms FY2023 EBITDA guidance $47-49M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620623000002/0000886206-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620623000002/fc-20230105x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-23-000002

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