secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0000886206-25-000034
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 reports Q2 loss, cuts FY2025 guidance citing government contract cancellations
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- Q2 revenue $59.6M vs $61.3M prior year; net loss $1.1M (-$0.08 EPS) vs net income $0.9M ($0.06 EPS).
- Adjusted EBITDA dropped to $2.1M from $7.4M; constant-currency revenue $60.1M.
- Education Division revenue up 3% to $15.1M; deferred subscription revenue up 10% to $94.4M.
- Revised FY2025 revenue guidance $275M-$285M (down from original ~$295M) and Adjusted EBITDA to $30M-$33M (from $40M).
- Repurchased 250,772 shares for $8.7M in Q2; liquidity >$100M with $40.4M cash and no credit draw.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620625000034/0000886206-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620625000034/fc-20250402x8k.htm
  HTML page:      https://secwatch.observer/filing/0000886206-25-000034

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