I used to have a full beard, really full. I have had 4 laser, two on hrt. After HRT the changes were more noticeable, but the laser was much more painful.
Anyway, the hair is still falling off from last laser but I believe that now all that will be left are the upper lip and chin areas and even so, they don't have 50% of the hair they used to. I don't want to dig for a before pic but you can see on my avvie I'm fairly facial hairless.
So, it depends on your skin and hair color. I have very white skin and very dark hair, so it is a good match.