secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0000886206-23-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FC Q3 FY2023: Record sales $71.4M (+8%), Adj. EBITDA $11.9M (+9%)
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- Consolidated sales $71.4M, up 8% YoY (9% constant currency); Education sales up 18%.
- Adjusted EBITDA $11.9M (+9%); sum billed+unbilled deferred subscription revenue up 21% to $140.9M.
- Purchased 664,000 shares for $25M during quarter; liquidity >$100M ($39.3M cash + undrawn $62.5M credit).
- Net income $4.6M ($0.32 diluted) vs $7.2M ($0.51) last year; decline from non-repeating tax credit.
- Affirms FY2023 Adjusted EBITDA guidance of $47M-$49M in constant currency, up from $42.2M in FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620623000021/0000886206-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620623000021/fc-20230628x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-23-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer