What was the total deferred revenue, both current and non-current, 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 total deferred revenue, including both current and non-current portions, was $2,233,704 in 2023. The current deferred revenue was $447,000, while the non-current deferred revenue amounted to $1,786,704.
Deferred revenue represents payments Face Foundrie has received for services or products that have not yet been delivered or earned. For a franchisee, this indicates the company's financial obligations to provide future services or products. A higher deferred revenue balance could suggest strong future revenue streams, but also represents a liability that Face Foundrie must fulfill.
Prospective franchisees should consider the trend of deferred revenue over the three years presented (2022-2024) to understand how Face Foundrie is managing its obligations and future revenue. It's also important to compare these figures with industry benchmarks to assess Face Foundrie's financial health and stability relative to its competitors. Understanding the terms and conditions under which revenue is recognized can provide further insight into the sustainability of Face Foundrie's revenue model.