What was the net loss for Cinch I.T. in the 'S' column?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2021 | Restated 2020 | |||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net income (loss) before extraordinary income | S | 57.135 | S | (139,052) |
| Adjustments to reconcile net income (loss) before extraordinary | ||||
| income to net cash provided (used) by operations: |
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the net loss before extraordinary income for 2020 was $(139,052), as shown in the 'S' column. In 2021, the net income before extraordinary income was $57,135, also indicated in the 'S' column.
This financial data point is crucial for prospective Cinch I.T. franchisees as it provides insight into the company's profitability trends. A significant net loss in 2020 followed by a net income in 2021 suggests potential volatility or recovery in the business's financial performance. Franchisees should investigate the reasons behind these fluctuations to better understand the financial risks and opportunities associated with investing in a Cinch I.T. franchise.
Understanding these figures helps potential franchisees assess the financial stability and growth potential of Cinch I.T. It is advisable to compare these figures with industry benchmarks and to conduct thorough due diligence to evaluate the factors that may have influenced these results. This information, combined with other aspects of the FDD, will enable a more informed investment decision.