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Aug 31, 2021
FranklinCovey Q4 2021 Earnings Report
Franklin Covey reported exceptionally strong fourth quarter results, capping an outstanding 2021 fiscal year.
Key Takeaways
Franklin Covey reported a record fourth-quarter sales increase of 41% to $68.9 million, driven by strong subscription and subscription services sales. Adjusted EBITDA increased 18% to $10.6 million, and net income improved 84% to $1.8 million.
Consolidated sales for the fourth quarter increased 41% to $68.9 million.
All Access Pass subscription and subscription services sales grew 41% to $32.0 million.
Education Division subscription sales increased 52% to $8.8 million.
Adjusted EBITDA increased 18% to $10.6 million.
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
- Strength of the All Access Pass
- Leader in Me membership subscriptions
- Franklin Covey’s growth trajectory across recent years
- Company remained strong during the pandemic
- Drive continued growth in fiscal 2022 and subsequent years
Revenue & Expenses
Visualization of income flow from segment revenue to net income