Core Points - Firm Capital Mortgage Investment Corporation announced a special year-end cash dividend of $0.056 per share for 2024, with total dividends declared and paid for the year amounting to $0.992 per share [2] - The monthly cash dividend for December 2024 is set at $0.078 per share, bringing the total estimated cash dividends for December to $0.134 per share, payable on or about January 15, 2025 [3] - The board of directors has approved monthly cash dividends of $0.078 per share for Q1 2025, with specific payment dates outlined [4] Company Overview - Firm Capital Mortgage Investment Corporation operates as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments [4] - The investment objective of the Corporation is to preserve shareholders' equity while providing a stable stream of monthly dividends from investments in niche markets underserved by large lending institutions [4] - The Corporation is classified as a Mortgage Investment Corporation (MIC) under the Income Tax Act (Canada), allowing it to avoid taxation on income as long as it distributes taxable income to shareholders within 90 days after year-end [4]

Financial Performance - Consolidated net sales for the fiscal year ended August 31, 2024, totaled $287.2 million[13] - Consolidated revenue for fiscal 2024 increased by $6.7 million to a record $287.2 million compared to $280.5 million in fiscal 2023, with constant currency sales growing to $288.2 million[181] - Net income for fiscal 2024 was $23.4 million, or $1.74 per diluted share, compared to $17.8 million, or $1.24 per diluted share, in fiscal 2023[189] - Cash flows from operating activities increased by 69% to $60.3 million in fiscal 2024, up from $35.7 million in fiscal 2023[192] - Gross profit for fiscal 2024 increased by $7.6 million to $221.1 million, resulting in a gross margin of 77.0%, up from 76.1% in the prior year[185] - Income from operations improved by 25% to $33.0 million in fiscal 2024 compared to $26.4 million in fiscal 2023[187] - Adjusted EBITDA for fiscal 2024 increased by 15% to $55.3 million compared to $48.1 million in the prior year[189] Revenue Sources - The company’s revenue is significantly dependent on renewals of subscription-based offerings, which include the AAP and Leader in Me membership[71] - A large portion of revenue is generated from subscription-based offerings and related materials sales, making new sales generation a challenging and costly process[72] - Deferred subscription revenue at August 31, 2024, was $107.9 million, up from $99.0 million at August 31, 2023, indicating strong future revenue recognition[183] - Direct Office segment revenue grew 2% to $197.6 million in fiscal 2024, with AAP subscription revenue increasing by 7% to $106.3 million[198] - Education Division revenue increased by 5% to $73.5 million in fiscal 2024, supported by growth in classroom materials, membership subscriptions, and coaching services[182] Market and Competitive Landscape - The training industry is highly competitive, with significant competitors including Development Dimension International, Korn Ferry, and LinkedIn Learning[32] - The U.S. training expenditures are estimated to total $98 billion in 2024, a slight decrease from $102 billion in 2023, indicating potential for revenue growth[31] - The company faces intense competition in the training and consulting services industry, which may adversely affect its ability to obtain new business[70] Strategic Initiatives - The company plans to invest approximately $16 million in fiscal 2025 to reorganize its sales force and implement a new selling strategy aimed at accelerating client acquisition and revenue growth[175] - The company aims to enhance its market approach to reach more clients and improve sales efficiency through strategic initiatives launched in fiscal 2024[175] - The company’s strategic objectives for fiscal 2025 include transforming market approaches, becoming the partner of choice for leaders, and building best-in-class solutions[175] Human Resources and Culture - The company has 1,084 associates worldwide, primarily full-time employees, with no union representation[30] - Franklin Covey supports eight Employee Resource Groups (ERGs) aimed at enhancing career opportunities and fostering community among underrepresented associates[51] - The company emphasizes a culture of trust and inclusion, with a focus on relationship-building as a key driver of associate engagement[48] - The Chief People Officer oversees HR operations and talent management, ensuring alignment with the company's strategic intent[44] - The organization has implemented a comprehensive onboarding process that includes a three-part orientation for new associates[45] Compliance and Risk Management - The company is exposed to risks associated with government contracting, including potential changes in project scope and funding[89] - Cybersecurity risks are heightened due to the internet-based nature of subscription services, which could lead to significant legal and financial exposure[90] - The company has implemented policies to comply with evolving data protection laws, including GDPR, but faces challenges in ensuring complete effectiveness[95] - Compliance with various state privacy laws, such as the California Consumer Privacy Act (CCPA), may increase operational costs and legal liabilities[102] Operational Challenges - Rising inflation in the U.S. and other markets may increase operational costs, impacting profitability if price adjustments cannot be made[124] - The company may need to raise additional capital for growth and acquisitions, which could dilute current shareholders' ownership[115] - The company operates directly in multiple countries including Austria, Australia, China, Germany, Ireland, Japan, New Zealand, Switzerland, and the United Kingdom, which exposes it to various operational risks[126] Future Outlook - The company aims to enhance talent management and build a high-performing organization through strategic recruitment and development initiatives[40] - The company recognizes inherent climate-related risks and expects increasing regulations related to climate change, which may impact its operations and financial condition[141]

Financial Data and Key Metrics Changes - The company reported its fourth quarter and fiscal year results for the period ending August 31, 2024, indicating a focus on revenue growth and subscription offerings [3][4]. Business Line Data and Key Metrics Changes - Specific performance metrics for the Enterprise and Education divisions were discussed, highlighting their contributions to overall revenue [3]. Market Data and Key Metrics Changes - The company emphasized the importance of market acceptance for its subscription offerings, including the All Access Pass and Leader in Me memberships, which are critical for revenue growth [4]. Company Strategy and Development Direction and Industry Competition - Management outlined strategic initiatives aimed at enhancing revenue growth and improving subscription renewal rates, while also addressing competitive pressures in the marketplace [4]. Management's Comments on Operating Environment and Future Outlook - The management team expressed optimism about future growth, contingent on hiring productive sales professionals and navigating general economic conditions [4]. Other Important Information - The call included a reminder about forward-looking statements and the associated risks and uncertainties that could impact the company's performance [4]. Q&A Session All Questions and Answers Question: What are the expectations for revenue growth in the upcoming quarters? - Management indicated that revenue growth is a priority and will depend on the success of subscription offerings and market conditions [4]. Question: How is the company addressing competition in its targeted marketplace? - The company is focusing on enhancing its product offerings and improving customer engagement to better compete [4]. Question: What are the key risks identified by management for the upcoming fiscal year? - Management highlighted risks related to economic conditions, competition, and the ability to attract and retain sales talent as critical factors to monitor [4].

Exhibit 99.1 Press Release 2200 West Parkway Boulevard Salt Lake City, Utah 84119-2331 www.franklincovey.com FRANKLIN COVEY REPORTS STRONG FOURTH QUARTER FINANCIAL RESULTS TO FINISH FISCAL 2024 Consolidated Fourth Quarter Revenue Increases 8% to $84.1 Million compared with $78.0 Million in the Prior Year Fourth Quarter Net Income Increases 76% to $12.0 Million compared with $6.8 Million in the Prior Year--Adjusted EBITDA Increases 39% to $22.9 Million in the Fourth Quarter compared with $16.5 Million in Fis ...

Core Points - Firm Capital Mortgage Investment Corporation has successfully closed a bought deal public offering of 1,950,000 common shares at a price of $11.30 per share, resulting in gross proceeds of $22,035,000 [1] - The net proceeds from the offering will be utilized to repay indebtedness [2] - The underwriters have been granted an over-allotment option to purchase up to an additional 292,500 common shares within 30 days following the closing [1] Company Overview - Firm Capital Mortgage Investment Corporation operates as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments [4] - The corporation aims to preserve shareholders' equity while providing a stable stream of monthly dividends through investments in niche markets that are underserved by larger lending institutions [4] - The corporation's lending activities have led to the development of a diversified mortgage portfolio, producing stable returns for shareholders [4]

/BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS/ /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX: FC) is pleased to announce that it has increased the size of its previously announced bought deal offering. Pursuant to the amended terms, the Corporation has entered into an agreement to sel ...

CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per-share amounts) | --- | --- | --- | --- | --- | |-------------------------------------------|--------|--------|--------|--------| | | | | | | | Weighted average number of common shares: | | | | | | Basic | 13,160 | 13,621 | 13,222 | 13,799 | | Diluted | 13,378 | 14,273 | 13,499 | 14,437 | Basic $ 0.43 $ 0.33 $ 0.87 $ 0.79 Diluted 0.43 0.32 0.85 0.76 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) FRANKLIN COVEY CO. | --- | --- | - ...

Franklin Covey Co. (NYSE:FC) Q3 2024 Earnings Conference Call June 26, 2024 5:00 PM ET Company Participants Derek Hatch - Corporate Controller Paul Walker - President and Chief Executive Officer Steve Young - Chief Financial Officer Sean Covey - President, Education Division Jennifer Colosimo - President, Enterprise Division Conference Call Participants Alex Paris - Barrington Research Nehal Chokshi - Northland Capital Dave Storms - Stonegate Jeff Martin - ROTH Capital Partners Operator Good day and thank y ...

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Franklin Covey (FC) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items. Franklin Covey, which belongs to the Zacks Consulting Services industry, posted revenues of $73.37 million for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by ...

5 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------|-------|------------------------------|-------|-------|----------------------|-------|---------------------------------------|-------|--------------------------| | | | Quarter \nMay 31, \n2024 | | Ended | \nMay 31, \n2023 | | Three Quarters \nMay 31, \n2024 | | Ended \nMay 31, \n2023 | | Revenue | $ | 73,373 | $ | | 71,441 | $ | 203,109 | $ | 202,565 | | Cost of revenue | | 17,167 | | | 17,208 | | 47, ...