Franklin Covey Company - FC STOCK NEWS

Franklin Covey Co. (NYSE: FC) reported strong financial results for the fourth quarter and fiscal 2021, with sales reaching a record $68.9 million, a 41% increase year-over-year. Full-year sales rose 13% to $224.2 million, driven by a 41% surge in subscription services. Adjusted EBITDA grew 18% to $10.6 million in Q4, totaling $28.0 million for the year, a 96% increase. Cash flows from operating activities rose 68% to $46.2 million. The company holds $47.4 million in cash and expects substantial growth in its subscription model moving forward.

Franklin Covey Co. (NYSE: FC) will hold a conference call on November 9, 2021, at 5:00 p.m. ET to discuss its fourth quarter and fiscal 2021 year-end financial results. The financial results will be released after market close on the same day. Participants can join via phone or access a live webcast. A replay will be available from November 9 through November 23, 2021 on the Investor Relations section of the company’s website.

Master Mentors: 30 Transformative Insights From Our Greatest Minds, authored by Scott Jeffrey Miller, gained #1 Amazon bestseller status ahead of its release on September 14, 2021. This book compiles invaluable lessons from renowned figures, focusing on the necessity of mentorship during a time when remote work complicates personal connections. The insights aim to empower readers in their professional and personal lives, advocating for mentorship especially on National Mentoring Day, October 27, 2021.

Franklin Covey Co. (NYSE: FC) reported robust financial results for Q3 of fiscal 2021, concluding May 31, 2021. Consolidated sales reached a record $58.7 million, up from $37.1 million in 2020, driven by a 17% increase in All Access Pass (AAP) sales. Gross profit surged to $45.9 million, reflecting a 587 basis point improvement in gross margin. Adjusted EBITDA rose to $8.6 million, a substantial gain from a loss of $(3.6) million in 2020. The company's liquidity remained strong with $35.8 million in cash, and deferred subscription revenue increased by 25% to $96.6 million.

Franklin Covey Co. (NYSE: FC) announced a conference call for its third quarter fiscal 2021 financial results, scheduled for June 30, 2021, at 5:00 p.m. ET. The company will release its financial results after market close on the same day. Participants can join by calling 800-708-4539 or via webcast. A replay will be available from 7:30 p.m. ET on June 30 through July 14, 2021. Franklin Covey specializes in organizational performance improvement and serves numerous global clients across various sectors.

FranklinCovey (FC) has launched Jhana® for Individuals, a new training solution designed to enhance performance support for employees. This innovative program offers bite-size learning opportunities that fit into the workflow, promoting essential skills like emotional intelligence and resilience. Paul Walker, President and COO, highlighted the necessity for organizations to develop next-level skills to achieve objectives. Jhana is accessible via the FranklinCovey All Access Pass®, which has helped grow annual subscription revenue to nearly $100 million.

FranklinCovey Education has launched three new educational podcasts aimed at providing inspiration and life-changing content for educators, students, and administrators. The podcasts include Change Starts Here, The Empowering Teacher, and Realiteen Talks. Each podcast offers valuable discussions and interviews with industry experts, focusing on leadership, empowerment, and personal growth. The Change Starts Here podcast, hosted by Managing Director Dustin Odham, emphasizes unlocking human potential. New episodes are released weekly on platforms such as YouTube, Spotify, and Apple Podcasts.

FranklinCovey (FC), a leader in organizational performance improvement, has acquired Strive, an innovative EdTech startup based in San Francisco. This acquisition enhances FranklinCovey's capabilities to facilitate employee behavior change through its All Access Pass® platform. With Strive's advanced social learning platform and FranklinCovey's extensive content and services, the combined offerings aim to deliver highly engaging learning experiences. The All Access Pass has seen significant growth, reaching nearly $100 million in annual subscription revenue since its launch. The acquisition was finalized on April 26, 2021.

Franklin Covey Co. (NYSE: FC) announces the release of the revised 2nd edition of The 4 Disciplines of Execution, a guide focusing on strategic goal execution. This edition includes 30% new content, providing updated principles, practices, and case studies. It addresses challenges organizations face in executing their strategic goals, emphasizing the need for leaders to inspire behavior change. With over 500,000 copies sold, the book aims to help organizations overcome execution failures, which affect 80% of strategies, by utilizing the proven disciplines of focus, accountability, and progress tracking.