Franklin Covey(FC)

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Franklin Covey(FC) - 2022 Q1 - Quarterly Report
2022-01-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2021 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 £ £ Indicate the number of shares outstanding of each of the issuer's classes of Common Stock as of the latest practicable date: 14,297,151 shares of Common Stock as of December 31, 202 ...
Franklin Covey(FC) - 2021 Q4 - Annual Report
2021-11-11 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ Form 10-K __________________ þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED AUGUST 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ___ TO ___ Franklin Covey Co. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |-------------------------- ...
Franklin Covey(FC) - 2021 Q4 - Earnings Call Transcript
2021-11-10 05:04
Franklin Covey Co. (NYSE:FC) Q4 2021 Earnings Conference Call November 9, 2021 5:00 PM ET Company Participants Derek Hatch – Corporate Controller Paul Walker – President and Chief Executive Officer Steve Young – Chief Financial Officer and Corporate Secretary Bob Whitman – Chairman and Executive Chair Sean Merrill Covey – President, Education Division Jen Colosimo – President, Enterprise Division Conference Call Participants Andrew Nicholas – William Blair Alex Paris – Barrington Research Marco Rodriguez – ...
Franklin Covey(FC) - 2021 Q3 - Quarterly Report
2021-07-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2021 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file no. 1-11107 FRANKLIN COVEY CO. (Exact name of registrant as specified in its charter) 2200 West Parkway Boulevard 8411 ...
Franklin Covey(FC) - 2021 Q3 - Earnings Call Transcript
2021-07-01 11:06
Franklin Covey Co. (NYSE:FC) Q3 2021 Earnings Conference Call June 30, 2021 5:00 PM ET Company Representatives Bob Whitman - Chairman, Chief Executive Officer Steve Young - Chief Financial Officer Paul Walker - President, Chief Operating Officer Sean Merrill Covey - President, Franklin Covey Education Jen Colosimo - President, Enterprise Division Derek Hatch - Corporate Controller Conference Call Participants Andrew Nicholas - William Blair Jeff Martin - ROTH Capital Partners Marco Rodriguez - Stonegate Cap ...
Franklin Covey(FC) - 2021 Q2 - Quarterly Report
2021-04-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2021 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file no. 1-11107 FRANKLIN COVEY CO. (Exact name of registrant as specified in its charter) 2200 West Parkway Boulevard ...
Franklin Covey(FC) - 2021 Q2 - Earnings Call Presentation
2021-04-02 04:53
Investor Update Second Quarter ~ Fiscal Year 2021 1 Forward-looking Statements / Non-GAAP This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon management's current expectations and are subject to various risks and uncertainties including, but not limited to: The ability of the Company to stabilize and grow revenues; The acceptance of, and renewal rates for our subscription offerings, includ ...
Franklin Covey(FC) - 2021 Q2 - Earnings Call Transcript
2021-04-02 03:51
Franklin Covey Co. (NYSE:FC) Q2 2021 Results Earnings Conference Call April 1, 2021 5:00 PM ET Company Participants Derek Hatch - Corporate Controller Bob Whitman - Chairman and CEO Steve Young - Chief Financial Officer Paul Walker - President and COO Sean Merrill Covey - President, Franklin Covey Education Jen Colosimo - President, Enterprise Division Conference Call Participants Andrew Nicholas - William Blair Marco Rodriguez - Stonegate Capital Jeff Martin - ROTH Capital Markets Operator Welcome to the Q ...
Franklin Covey(FC) - 2021 Q1 - Earnings Call Transcript
2021-01-08 03:53
Financial Data and Key Metrics Changes - In Q1 2021, revenue was $48.3 million, driven by strong performance in All Access Pass sales, with gross margins increasing by 359 basis points to 75.3% compared to the previous year [5][30][26] - Adjusted EBITDA for the quarter was $3.7 million, exceeding expectations of $2 million to $2.5 million, and net cash provided by operating activities increased by 60% to $10.9 million [5][23][25] - The company ended the quarter with approximately $49 million in liquidity, up from $42 million at the end of the previous fiscal year [5][25] Business Line Data and Key Metrics Changes - All Access Pass subscription sales grew 16% in Q1 to $17 million, with invoiced amounts increasing by 55% [12][27] - The Education Division, accounting for nearly 20% of total sales, saw high retention rates for Leader in Me subscriptions, adding over 300 new schools during the pandemic [9][22] - Add-on services bookings returned to pre-pandemic levels, with actual delivered revenue for these services increasing to $9 million [29][17] Market Data and Key Metrics Changes - International sales improved significantly, with Q1 sales reaching $9.9 million, a 41% increase from the previous quarter [20][19] - Sales in China and Japan showed strong recovery, with sequential sales increasing 70% from the previous quarter [19][20] - The company reported that 87% of clients have shifted to live online delivery of services, reducing susceptibility to future cancellations [18] Company Strategy and Development Direction - The company aims to achieve adjusted EBITDA of $20 million to $22 million in FY 2021, reflecting a 50% increase from the previous year [34][66] - Strategic investments are being made in areas where the company has competitive advantages, particularly in enhancing the All Access Pass offerings [43][48] - The company plans to continue expanding its direct sales force and international licensee network to penetrate local markets more effectively [51][53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the All Access Pass economic engine and its ability to drive future growth [37][38] - The company anticipates continued strong performance in North America and expects international operations to strengthen further [68][70] - Management acknowledged the challenges posed by the pandemic but noted that the business model has proven resilient and valuable to clients [65][66] Other Important Information - The total balance of billed and unbilled deferred revenue increased to $97.4 million, providing significant stability and visibility into future performance [32][33] - The company expects to achieve high single-digit revenue growth annually, targeting approximately $20 million in revenue growth each year [35][73] Q&A Session Summary Question: What were the key drivers of the sequential strength in international sales this quarter? - The main driver was increased stability in China and Japan, where teams have successfully filled the pipelines again as conditions improved [75][77] Question: How does the company expect international sales to perform in the upcoming quarters? - While Q2 is typically the smallest quarter due to holidays, the company expects to see continued sequential improvements year-over-year [77]
Franklin Covey(FC) - 2021 Q1 - Quarterly Report
2021-01-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2020 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file no. 1-11107 FRANKLIN COVEY CO. (Exact name of registrant as specified in its charter) 2200 West Parkway Boulevard ...