Surgepays (Surgepays) Retained Earnings : $-15.2 Mil (As of Dec. 2023)

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What is Surgepays Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Surgepays's retained earnings for the quarter that ended in Dec. 2023 was $-15.2 Mil.

Surgepays's quarterly retained earnings increased from Jun. 2023 ($-25.3 Mil) to Sep. 2023 ($-18.2 Mil) and increased from Sep. 2023 ($-18.2 Mil) to Dec. 2023 ($-15.2 Mil).

Surgepays's annual retained earnings declined from Dec. 2021 ($-35.1 Mil) to Dec. 2022 ($-35.8 Mil) but then increased from Dec. 2022 ($-35.8 Mil) to Dec. 2023 ($-15.2 Mil).

Surgepays Retained Earnings Historical Data

The historical data trend for Surgepays'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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Surgepays Retained Earnings Chart

Surgepays Annual Data

Trend

Apr14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-10.87

-21.59

-35.12

-35.80

-15.19

Surgepays 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															-35.80	-31.26	-25.29	-18.21	-15.19

Surgepays 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.

Surgepays (NAS:SURG) 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.

Surgepays (Surgepays) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Surgepays Inc (NAS:SURG) » Definitions » Retained Earnings

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Traded in Other Exchanges

9B90:Germany

Address

3124 Brother Boulevard, Suite 104, Bartlett, TN, USA, 38133

Website

https://www.surgepays.com

Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays.

Executives

Kevin Brian Cox	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	3124 BROTHER BLVD, STE. 104, BARTLETT W6 38133
Laurie Weisberg	director	C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Richard Earl Schurfeld	director	1600 MADISON AVENUE, 4TH FLOOR, TOLEDO OH 43604
John Mott	officer: CHIEF TECHNOLOGY OFFICER	890 W, HILLWOOD DM, NASHVILLE TN 37205
David Allen May	director	12131 BROOKS RIVER DR, ARLINGTON TN 38002
Nuzzo Anthony P. Jr	director, officer: President and COO	3124 BROTHER BLVD, STE 104, BARTLETT TN 38133
Anthony Geogre Evers	officer: Chief Financial Officer	701 ASHTON LANE, SOUTH ELGIN IL 60177
David N Keys	director	3770 HOWARD HUGHES PARKWAY, STE 300, LAS VEGAS NV 89109
David C Ansani	director	1375 VALLEY RD, BANNOCKBURN L3 60015
Campbell Ted Dudley Ii	director	PO BOX 1358, SPRING BRANCH TX 78070
Clinton W Coldren	director, 10 percent owner, officer: PRESIDENT, CEO & CFO	1535 SONIAT ST.,, NEW ORLEANS LA 70115
Alan G Massara	director	339 NORWOOD AVENUE, AVON BY THE SEA NJ 07717
Ross E Silvey	director, officer: CEO and President	7633 EAST 63RD PLACE, #220, TULSA OK 74133
Vladimir Fedyunin	director, 10 percent owner, officer: President, CEO and CFO	PO BOX 158, LIONS BAY A1 VON 2E0