What was the non-current deferred revenue for Face Foundrie in 2023?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Deferred revenue, current | $819,881 | $447,000 | $131,147 |
| Deferred revenue, non-current | 1,727,727 | 1,786,704 | 1,637,657 |
| $2,547,608 | $2,233,704 | $1,768,804 |
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the non-current deferred revenue for 2023 was $1,786,704. Deferred revenue represents payments Face Foundrie has received for goods or services that have not yet been fully earned. In this case, the non-current portion indicates revenue that Face Foundrie expects to recognize beyond the next 12 months.
For a prospective Face Foundrie franchisee, understanding deferred revenue is crucial because it reflects the company's financial obligations to provide future services or products. A high deferred revenue balance can indicate strong future revenue streams, but it also represents a liability that Face Foundrie must fulfill.
Franchisees should monitor these figures to assess the financial health and stability of Face Foundrie. Changes in deferred revenue from year to year could signal shifts in sales, customer loyalty, or the effectiveness of marketing strategies. Reviewing these trends in conjunction with other financial metrics can provide a more comprehensive view of Face Foundrie's overall performance and sustainability.