FranklinCovey Q1 2022 Earnings Report
Key Takeaways
FranklinCovey's first quarter of fiscal 2022 showed strong growth, with a 27% increase in sales to a record $61.3 million. All Access Pass subscriptions and Education Division revenues also grew significantly, contributing to a 167% increase in Adjusted EBITDA to $9.9 million.
Consolidated sales increased 27% to $61.3 million, a record for the first quarter.
All Access Pass subscription and subscription services sales grew 27% to $33.1 million.
Education Division revenues increased 56% due to growth in Leader in Me subscriptions.
Adjusted EBITDA increased 167% to $9.9 million, driven by increased sales and improved margins.
FranklinCovey
FranklinCovey
FranklinCovey Revenue by Segment
Forward Guidance
The Company expects fiscal 2022 Adjusted EBITDA to total between $34.0 million and $36.0 million.
Positive Outlook
- Strong first quarter performance
- Momentum generated in late fiscal 2021
- Expected Adjusted EBITDA growth of 25% compared to fiscal 2021
- Strength of All Access Pass subscriptions
- Strength of Leader in Me membership subscriptions
Revenue & Expenses
Visualization of income flow from segment revenue to net income