Data Storage (Data Storage) Retained Earnings : $-19.51 Mil (As of Dec. 2023)

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What is Data Storage Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Data Storage's retained earnings for the quarter that ended in Dec. 2023 was $-19.51 Mil.

Data Storage's quarterly retained earnings increased from Jun. 2023 ($-19.61 Mil) to Sep. 2023 ($-19.43 Mil) but then declined from Sep. 2023 ($-19.43 Mil) to Dec. 2023 ($-19.51 Mil).

Data Storage's annual retained earnings declined from Dec. 2021 ($-15.53 Mil) to Dec. 2022 ($-19.89 Mil) but then increased from Dec. 2022 ($-19.89 Mil) to Dec. 2023 ($-19.51 Mil).

Data Storage Retained Earnings Historical Data

The historical data trend for Data Storage's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Data Storage Retained Earnings Chart

Data Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-15.79

-15.74

-15.53

-19.89

-19.51

Data Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-19.89	-19.84	-19.61	-19.43	-19.51

Data Storage Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Data Storage (NAS:DTST) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Data Storage (Data Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Data Storage Corp (NAS:DTST) » Definitions » Retained Earnings

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Address

48 South Service Road, Suite 203, Melville, NY, USA, 11747

Website

https://www.dtst.com

Data Storage Corporation engages in providing cybersecurity, compliance and cloud computing solutions. The company's segment includes Nexxis Inc; Flagship Solutions, LLC and CloudFirst Technologies Corporation and Corporate. It generates maximum revenue from the CloudFirst Technologies Corporation segment. The company's solutions include infrastructure, disaster recovery, email archival, compliance, electronic vaulting, virtualized recovery, telecom recovery services, and continuous data protection.

Executives

Mark Alexander Wyllie	director	980 N. FEDERAL HWY, SUITE 302, BOCA RATON FL 33432
Christos Panagiotakos	officer: Chief Financial Officer	1013 PLANDOME ROAD, MANHASSET NY 11030
Wendy Schmittzeh	other: Secretary	C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Matthew Grover	director	C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Todd A. Correll	director	222 LAKEVIEW AVENUE, SUITE 1600, WEST PALM BEACH FL 33401
Thomas Kempster	director, 10 percent owner, officer: COO, Pres of Tech Ops & Secy	C/O DATA STORAGE CORPORATION, 68 SOUTH SERVICE ROAD, MELVILLE NY 11747
Harold Schwarts	director, 10 percent owner, officer: President and Treasurer	C/O DATA STORAGE CORPORATION, 68 SOUTH SERVICE ROAD, MELVILLE NY 11747
Charles M. Piluso	director, 10 percent owner, officer: Pres/CEO/CFO/Chairman	C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747
Piluso Family Associates, Llc	10 percent owner	495 MANHASSET WOODS ROAD, MANHASSET NY 11030
Jan Burman	director, 10 percent owner	875 MERRICK AVENUE, WESTBURY NY 11590
John F. Coghlan	director, 10 percent owner	36 VASSAR PLACE, ROCKVILLE CENTRE NY 11570
Clifford Stein	director	5345 PINE TREE DRIVE, MIAMI BEACH FL 33140
Joseph B. Hoffman	director	9204 REDWOOD AVE, BETHESDA MD 20817
Matthew P Grosso	officer: Secretary, Treasurer and, other: Vice President	19 HASTING DRIVE, STONY BROOK NY 11790
Peter W Briggs	officer: Vice President	152 CROMPTON AVENUE #4, EAST GREENWICH RI 02818