Benzinga | Jan 6, 2022 04:08PM EST

Franklin Covey Q1 2022 Revenue $61.3M Vs $55.37M

First Quarter Sales Increase 27% to a Record $61.3 Million Compared with $48.3 Million in Fiscal 2021

All Access Pass Subscription and Subscription Services Sales Grow 27% to $33.1 Million in the First Quarter, Education Division Revenues Grow 56%

Sum of Billed and Unbilled Deferred Subscription Revenue Increases 24% Over the Prior Fiscal Year to $121.1 Million

Operating Income and Adjusted EBITDA Exceed Expectations as First Quarter Operating Income Increases to $5.5 Million and Adjusted EBITDA Increases 167% to $9.9 Million

Liquidity and Financial Position Remain Strong

Franklin Covey Co. (NYSE:FC), a global performance improvement company that creates, and on a subscription basis, distributes world-class content, training, processes, and tools that organizations and individuals use to achieve systemic changes in human behavior to transform their results, today announced financial results for its first quarter of fiscal 2022, which ended on November 30, 2021.