Franklin Covey Q3: 14% EBITDA Growth Looks Clean-Until You Check the Guidance Cut and Cash Burn

Q3 results improved on the income statement, but guidance still dragged lower

Q3 revenue reached $67.8 million, up 1%, and adjusted EBITDA rose 14% to $8.3 million. Even so, management still cut full-year revenue guidance to $260 million-$267 million. That contrast is the story: the quarter looked orderly on the surface, but the forward-looking numbers still softened.