What was the net loss for Even Hotels as of December 31, 2024?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31 | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Current assets | $ 14,505 | $ 13,985 | ||
| Non-current assets | 2,499 17,004 | 3,637 17,622 | ||
| Total liabilities | (19,986) | (8,987) | ||
| Net assets | $ (2,982) | $ 8,635 | ||
| 2024 | 2023 | 2022 | ||
| Revenue (net) | $9,903 | $ 4,711 $ | 1,584 | |
| Net loss | $ (17,376) | $ (22,182) $ (26,665) |
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the net loss as of December 31, 2024, was $(17,376). This indicates that for the specified period, the company's expenses exceeded its revenues, resulting in a loss. This figure is important for potential franchisees to consider as it provides insight into the financial performance of Even Hotels.
In comparison, the net loss for the previous year, 2023, was $(22,182), and for 2022, it was $(26,665). The trend shows a decrease in net losses over the three years, which could be viewed as a positive sign. However, it is essential to understand the reasons behind these losses and the strategies Even Hotels is implementing to improve profitability.
Prospective franchisees should investigate the factors contributing to these net losses, such as operating expenses, interest expenses, and other financial obligations. Understanding the company's financial management and future plans is crucial for making an informed investment decision. It's also advisable to compare these figures with industry benchmarks to assess Even Hotels' financial health relative to its competitors.