Franklin Covey Q1 sales $68.4M, beats expectations; subscription revenue record $54.8M

FRANKLIN COVEY CO

2024-Q1 EPS reported $0.36 revenue$68,399,000

Net income $4.9M ($0.36 diluted EPS) vs $4.7M ($0.32) in Q1 FY23; Adjusted EBITDA $11.0M vs $11.5M.
Subscription & subscription services sales record $54.8M (+4% YoY); AAP sub sales grew 13%.
Cash from operations surged to $17.4M from $3.0M; purchased 408,596 shares for $16.3M.
Sum of billed/unbilled deferred subscription revenue up 12% to $169.7M.
Affirms FY2024 Adjusted EBITDA guidance $54.5M-$58.0M; liquidity over $96M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FRANKLIN COVEY CO updated its first quarter fiscal 2024 guidance (reaffirmed).

Period: first quarter fiscal 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On January 4, 2024, Franklin Covey Co. (the Company) announced its financial results for the first quarter fiscal 2024

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Source: SEC EDGAR

accession 0000886206-24-000002

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