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FC Franklin Covey

Franklin Covey Co. is a global, public company, specializing in organizational performance improvement. The company helps organizations achieve results that require lasting changes in human behavior. Its world-class solutions enable greatness in individuals, teams and organizations and are accessible through the FranklinCovey All Access Pass®. They are available across multiple modalities and in 21 languages. Clients have included the Fortune 100, Fortune 500, thousands of small and mid-sized businesses, numerous government entities, and educational institutions. FranklinCovey has more than 100 direct and partner offices providing professional services in more than 160 countries and territories.

Company profile

Ticker
FC
Exchange
CEO
Robert A. Whitman
Employees
Incorporated
Location
Fiscal year end
Former names
FRANKLIN QUEST CO, FRANKLIN QUEST COMPANY
SEC CIK
IRS number
870401551

FC stock data

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Calendar

8 Jul 21
29 Jul 21
31 Aug 21
Quarter (USD)
May 21 Feb 21 Nov 20 Aug 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Aug 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 35.76M 35.76M 35.76M 35.76M 35.76M 35.76M
Cash burn (monthly) 1.53M 104.08K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 2.99M 203.85K n/a n/a n/a n/a
Cash remaining 32.76M 35.55M n/a n/a n/a n/a
Runway (months of cash) 21.4 341.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jan 21 Stephen D Young common shares Payment of exercise Dispose F No No 25.04 1,108 27.74K 203,176
25 Jan 21 Robert A Whitman common shares Payment of exercise Dispose F No No 25.04 3,958 99.11K 602,624
25 Jan 21 Clifton Todd Davis common shares Payment of exercise Dispose F No No 25.04 369 9.24K 27,793
22 Jan 21 Joel Clinton Peterson common shares Grant Aquire A No No 0 4,007 0 234,436
22 Jan 21 Dennis Grant Heiner common shares Grant Aquire A No No 0 4,007 0 76,939

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

56.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 80 76 +5.3%
Opened positions 11 9 +22.2%
Closed positions 7 10 -30.0%
Increased positions 23 24 -4.2%
Reduced positions 35 31 +12.9%
13F shares
Current Prev Q Change
Total value 271.48M 232.43M +16.8%
Total shares 7.92M 8.14M -2.7%
Total puts 20K 0 NEW
Total calls 18.8K 26.6K -29.3%
Total put/call ratio 1.1
Largest owners
Shares Value Change
BLK Blackrock 1.32M $37.33M +6.3%
Pembroke Management 658.11K $18.62M -1.5%
Vanguard 583.35K $16.5M -4.5%
Dimensional Fund Advisors 560.6K $15.86M -7.7%
Punch & Associates Investment Management 522.96K $14.79M +1.2%
FMR 400.65K $11.33M +1.0%
Rice Hall James & Associates 393.9K $11.14M +3.2%
Oregon Public Employees Retirement Fund 314.14K $8.89M -21.5%
BAC Bank Of America 257.7K $7.29M +6.1%
FHI Federated Hermes 212.45K $6.01M +13.0%
Largest transactions
Shares Bought/sold Change
Russell Investments 113.58K +112.21K +8190.5%
Intrepid Capital Management 103.35K +103.35K NEW
Renaissance Technologies 144.2K -87.2K -37.7%
Oregon Public Employees Retirement Fund 314.14K -85.89K -21.5%
BLK Blackrock 1.32M +78.66K +6.3%
MS Morgan Stanley 5.72K -72.13K -92.6%
National Asset Management 0 -68.33K EXIT
Dimensional Fund Advisors 560.6K -46.47K -7.7%
Millennium Management 0 -43.18K EXIT
Marshall Wace 0 -41.23K EXIT

Financial report summary

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Management Discussion
  • COVID-19 was first identified in China during December 2019, and subsequently declared a pandemic by the World Health Organization.  Since its discovery, COVID-19 has surfaced in nearly all regions around the world and has resulted in government-imposed travel restrictions and business slowdowns or shutdowns in affected areas.  As a result, COVID-19 has impacted our business globally, including our licensees, through office and school closures.  In particular, these closures impacted our third and fourth quarters of fiscal 2020 as described throughout this Annual Report on Form 10-K for fiscal 2020.
  • After strong financial performance during the first two quarters of fiscal 2020, our financial results in the third and fourth quarters of fiscal 2020 were adversely impacted by the COVID-19 pandemic and the resulting closure of offices and educational institutions throughout the United States and in the countries where we operate direct offices and contract with licensee partners to deliver our offerings.  We closed our corporate offices and restricted travel to protect the health and safety of our associates and clients in an effort to slow the spread of the pandemic.  Our international direct offices also followed the same pattern of closures and restrictions on associate travel and delivery of our offerings.  These actions, and similar steps taken by most of our clients, resulted in decreased sales during the third and fourth quarters as previously scheduled onsite events, client-facilitated presentations, and coaching days were postponed or canceled.
  • Despite the difficult economic environment in the second half of fiscal 2020, we were pleased with the continued strength of our subscription sales and the quick pivot to delivering content live-online and through our other digital modalities.  Our subscription service clients are able to access content and programs from remote locations, which allows continued engagement of personnel and students during long periods of displacement from normal working or classroom conditions.  To be successful in our industry, it is important to create effective learning environments for our clients and students, and we believe our previous investments in digital and remote delivery modalities are key to surviving and then thriving in the current environment.  According to the Training magazine 2020 Training Industry Report, most companies expect to retain at least some aspects of remote learning after the COVID-19 pandemic is over.  We believe our ability to deliver content and offerings over a broad array of modalities to suit a client’s needs will prove to be a valuable strategic advantage, and we believe these capabilities will accelerate our recovery from the effects of the pandemic and will generate increased opportunities in future periods.  However, our recovery from the COVID-19 pandemic is dependent upon a number of factors, many of which are not within our control, such as the timing of re-opening national, state, and local economies; continuing effects of the pandemic on client operations; and other governmental responses to address the impacts of the pandemic.  We will continue to monitor these developments and their actual and potential impacts on our financial position, results of operations, and liquidity.
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