What was the total amount of Face Foundrie's deferred revenue, non-current, in 2024?
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 company's deferred revenue, non-current, for the year 2024 was $1,727,727. 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, this figure provides insight into the company's financial stability and its ability to generate future revenue. A substantial amount of deferred revenue, non-current, suggests that Face Foundrie has secured long-term contracts or agreements, which can contribute to a more predictable revenue stream.
It's important to note that deferred revenue is a liability on the balance sheet until it is recognized as earned revenue. Franchisees may want to further investigate the nature of these deferred revenues to understand the terms and conditions associated with them, as well as how they might impact Face Foundrie's future financial performance.