Franklin Covey Q2 revenue $61.3M, EPS $0.06; guides FY24 Adj. EBITDA to $54.5M low end

FRANKLIN COVEY CO

2024-Q2 EPS reported $0.42 revenue$129,736,000

Q2 revenue $61.3M (down from $61.8M YoY); net income $0.9M ($0.06 diluted EPS) vs $1.7M ($0.12).
Adjusted EBITDA Q2 $7.4M vs $8.2M; FY24 guidance lowered to ~$54.5M (low end of $54.5-58.0M range).
Subscription & subscription services sales $50.3M (+5% YoY); deferred subscription revenue $86.1M (+13%).
Free cash flow first half $24.7M vs $3.3M; total liquidity over $103M with $40.9M cash, no credit line drawn.
Restructuring charges $1.7M and impaired asset of $0.9M recorded in Q2.

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 reported second quarter of fiscal 2024 results: revenue $61.3 million, net income $0.9 million, EPS $0.06 per diluted share. Guidance lowered.

Period: second quarter of fiscal 2024
Revenue: $61.3 million
Net income: $0.9 million
EPS: $0.06 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Salt Lake City, Utah 84119-2331 www.franklincovey.com FRANKLIN COVEY REPORTS SECOND QUARTER FISCAL 2024 FINANCIAL RESULTS Second Quarter Consolidated Revenue Totals $61.3 Million Compared with $61.8 Million in the Prior Year Second Quarter Subscription and Subscription Services Sales Total $50.3 Million and a Record $227.3 Million for the Rolling Four

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Source: SEC EDGAR

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