secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0000886206-23-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Covey Q2 FY2023 sales +9% to $61.8M, EPS $0.12 (vs $0.13), affirms FY guidance
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- Consolidated sales $61.8M (+9% YoY); constant currency +11%; gross margin 76.4%.
- All Access Pass subscription sales +11% to $35.4M; billed + unbilled deferred revenue +22% to $145.8M.
- Education Division revenue +28% to $14.2M; Enterprise Division +6% to $46.6M.
- Operating income $2.8M (vs $3.5M YoY); Adjusted EBITDA $8.2M (+2% YoY); net income $1.7M (vs $1.9M).
- Board authorized $50M share buyback; new $70M credit facility closed March 27, 2023; FY2023 Adj. EBITDA guidance $47-49M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620623000011/0000886206-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620623000011/fc-20230329x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-23-000011

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