Franklin Covey(US:FC)2024-03-28 01:23Financial Performance - FranklinCovey's subscription and subscription services revenue reached $375 million[4] - The company's sales for the second quarter of FY24 were $61336 million, a decrease of 07% compared to $61756 million in Q2 FY23[55] - Adjusted EBITDA for the second quarter was $74 million, down 90% from $82 million in the same period last year[27] - Year-to-date sales reached $129736 million, a decrease of 11% compared to $131125 million in the previous year[55] - The company's LTM sales totaled $2791 million, a 11% increase from $2761 million in the prior year[27] Enterprise Division - The Enterprise Division's AAP multi-year contract value reached $791 million YTD and $1621 million LTM[8] - Subscription sales for the Enterprise Division were $220 million[19] - North America sales for the Enterprise Division were $341 million for the quarter[152] - International licensee partner revenue was $27 million for the quarter, $61 million YTD, and $116 million LTM[155] Education Division - Education subscription revenue was $146 million for the quarter, $293 million YTD, and $705 million LTM[55, 202] - The Education Division's balance of deferred subscription revenue (billed & unbilled) was $301 million[111] Deferred Revenue - The company's deferred revenue (billed & unbilled) totaled $1287 million[67] - The balance of deferred sales for Enterprise Division - North America was $1168 million[154]