---
schema_version: "secwatch.filing_event.v1"
accession: "0000886206-24-000002"
form_type: "8-K"
ticker: "FC"
cik: "0000886206"
company_name: "FRANKLIN COVEY CO"
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T04:25:40.813549+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000886206-24-000002
- form_type: 8-K
- ticker: FC
- cik: 0000886206
- company_name: FRANKLIN COVEY CO
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886206/000088620624000002/0000886206-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886206/000088620624000002/fc-20240104x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000886206-24-000002
- JSON: https://secwatch.observer/filing/0000886206-24-000002.json
- Plain text: https://secwatch.observer/filing/0000886206-24-000002.txt

## Key facts
- Earnings Releases
  FRANKLIN COVEY CO updated its first quarter fiscal 2024 guidance (reaffirmed).
  - Period: first quarter fiscal 2024
  - Guidance: reaffirmed
  - Result: reported results
  source text: On January 4, 2024, Franklin Covey Co. (the Company) announced its financial results for the first quarter fiscal 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/886206/000088620624000002/0000886206-24-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.