What was the net income (loss) for Learningrx in 2023?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Retained Earnings, Beginning of Year | $ 7 66,025 | $ 8 21,066 | |
| Net Income (Loss) | 7,181 | (55,041) | |
| Retained Earnings, End of Year | $ 7 73,206 | $ 7 66,025 |
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the net income for Learningrx in 2023 was $7,181. This figure represents the profit Learningrx retained after deducting all expenses from its total income for the year. In the preceding year, 2022, Learningrx experienced a net loss of $55,041.
This information is crucial for prospective franchisees as it provides insight into the financial performance and profitability trends of Learningrx. A positive net income, such as the one reported for 2023, generally indicates that the company is managing its finances effectively and generating profit. However, it's essential to consider this figure in the context of previous years' performance and industry benchmarks to gain a comprehensive understanding of Learningrx's financial health.
Furthermore, the FDD also includes a statement of income that shows Learningrx's total income for 2023 was $1,519,595 and total expenses were $1,500,933. Royalty fees accounted for $1,192,063 of the total income. The income tax expense was $11,481. Reviewing these figures can give potential franchisees a better understanding of where Learningrx's revenue comes from and what its major expenses are.