What was the net loss for Kidokinetics in 2021?

According to Kidokinetics's 2024 Franchise Disclosure Document, the net loss for the company in 2021 was $411,716. This figure is derived from the audited financial statements included in the FDD, which provide a detailed overview of the company's financial performance over the past three years. A prospective franchisee can use this information to understand the financial stability and profitability trends of Kidokinetics.

Specifically, the net loss represents the difference between Kidokinetics's total revenues and total expenses for the year. In 2021, the company's expenses exceeded its revenues by $411,716, resulting in the reported net loss. This loss can be attributed to various factors, such as operating expenses, interest expenses, and other financial obligations.

It's important for potential franchisees to consider the context of this net loss. While a net loss might seem concerning, it's crucial to analyze the reasons behind it and whether the company has strategies in place to improve its financial performance. Reviewing the complete financial statements and notes, as well as comparing the loss to subsequent years (2022 and 2023), can provide a more comprehensive understanding of Kidokinetics's financial health and future prospects. Furthermore, prospective franchisees should inquire about the specific factors contributing to the loss and the franchisor's plans to address them.