secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000886206-23-000056
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 record FY2023 sales $280.5M, Adjusted EBITDA up 14% to $48.1M; FY2024 guidance raised
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- FY2023 sales $280.5M (+7% YoY); net income $17.8M ($1.24 diluted) vs $18.4M ($1.27) prior year.
- Adjusted EBITDA $48.1M (+14% YoY); guides FY2024 constant-currency Adjusted EBITDA $54.5M-$58.0M.
- Deferred subscription revenue (billed+unbilled) up 22% to $186.4M; 54% of AAP contracts multi-year.
- Q4 FY2023 sales $78.0M, net income $6.8M ($0.49 diluted) vs $5.6M ($0.39) prior year.
- Repurchased 885,500 shares for $35.6M during FY2023; liquidity >$100M at year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620623000056/0000886206-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620623000056/fc-20231101x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-23-000056

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