What was the consolidated net loss for Clear Pest Pros in 2024?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
84,979 | $ 130,969 |
Consolidated Statements of Operations (dollars in thousands)
| Year ended December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Net Revenue | $ 29,538 | $ 31,072 | $ 33,483 |
| Cost of Revenue | 10,816 | 9,613 | 9,055 |
| Gross Profit | 18,722 | 21,459 | 24,428 |
| Operating Expenses, | 19,569 | 20,604 | 27,789 |
| before impairment | |||
| Impairment of Goodwill | 10,519 | 45,537 | 1,266 |
| Impairment of Intangible Assets | - | - | 4,952 |
| Operating Loss | (11,366) | (44,682) | (9,579) |
| Non-Operating Income Interest income Other income | 336 404 | 496 386 | 1,112 268 |
| Total Non-Operating Income | 740 | 882 | 1,380 |
| Loss, before income taxes | (10,626) | (43,800) | (8,199) |
| Income Tax Expense (Recovery) | 482 | 477 | (1,86 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros's 2025 Franchise Disclosure Document, the consolidated net loss for the year ending December 31, 2024, was $(11,108). This means that Clear Pest Pros's expenses and losses exceeded its revenues by $11,108 during that year. This figure is an important indicator of the company's financial performance.
Prospective franchisees should consider this net loss in the context of Clear Pest Pros's overall financial health and trends. The FDD also provides the consolidated net loss for 2023 and 2022, which were $(44,277) and $(6,330), respectively. Reviewing these figures can help a potential franchisee understand whether the company's financial situation is improving or declining.
It's also important to note that the FDD includes additional financial statements and related notes that provide further details on Clear Pest Pros's revenues, expenses, assets, and liabilities. A prospective franchisee should carefully review these statements and consult with a financial advisor to fully understand the company's financial condition and the potential risks and rewards of investing in a Clear Pest Pros franchise.