secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0000886206-24-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620624000024/0000886206-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620624000024/fc-20240327x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-24-000024

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