What was the net loss for Dryject in 2022?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
xpenses | 1,210,40 | 2 | 1,079,085 | | | Net income (loss) | 20,80 | 5 | (43,014) | | | Member's capital - beginning | 8,38- | No. 1 | 51,398 | | | Member's capital - ending | $ 29,18 | | 8,384 | |
DRYJECT MANAGEMENT, LLC STATEMENT OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | |||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net income (loss) Adjustments to reconcile net income to net cash provided by operating activities: | S | 20,805 | $ | (43,014) |
| Amortization Amortization of interest expense | 150,916 4,287 | 150,916 4,287 | ||
| (Increase) decrease in: | 136,080 | (73,272) | ||
| Accounts receivable | ||||
| Increase (decrease) in: | ||||
| Accounts payable | (100,503) | 22,094 | ||
| Accrued expenses | (5,930) | 8,516 | ||
| Net cash provided by operating activities | e- | 205,655 | _ |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the company experienced a net loss of $43,014 in 2022. This figure is derived from the statement of cash flows, which outlines the financial activities of the company during that year. In 2021, Dryject had a net loss of $21,467.
For a prospective franchisee, understanding the net loss is crucial as it reflects the company's overall profitability. A net loss indicates that expenses exceeded revenues during the specified period. While a single year's loss isn't necessarily a cause for alarm, it's important to consider the trend over multiple years and the reasons behind the loss.
It is important to investigate the factors contributing to the net loss, such as increased operating costs, decreased sales, or significant investments in growth initiatives. Additionally, prospective franchisees should compare Dryject's financial performance with that of other franchises in the same industry to assess its relative financial health and stability. Reviewing the complete financial statements and seeking professional financial advice are recommended to make an informed investment decision.