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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Augmedix's retained earnings for the quarter that ended in Jun. 2024 was $-159.91 Mil.
Augmedix's quarterly retained earnings declined from Dec. 2023 ($-144.96 Mil) to Mar. 2024 ($-151.46 Mil) and declined from Mar. 2024 ($-151.46 Mil) to Jun. 2024 ($-159.91 Mil).
Augmedix's annual retained earnings declined from Dec. 2021 ($-101.34 Mil) to Dec. 2022 ($-125.79 Mil) and declined from Dec. 2022 ($-125.79 Mil) to Dec. 2023 ($-144.96 Mil).
The historical data trend for Augmedix'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.
Augmedix Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | -68.27 | -83.88 | -101.34 | -125.79 | -144.96 |
Augmedix Quarterly Data | |||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Retained Earnings | Get a 7-Day Free Trial | -136.06 | -140.47 | -144.96 | -151.46 | -159.91 |
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.
Augmedix (NAS:AUGX) 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.
Paul Ginocchio | officer: Chief Financial Officer | C/O AUGMEDIX, INC., 111 SUTTER STREET, SUITE 1300, SAN FRANCISCO CA 94104 |
Saurav Chatterjee | officer: CHIEF TECHNOLOGY OFFICER | C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103 |
Emmanuel Krakaris | director, officer: PRESIDENT, CEO, AND SECRETARY | C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103 |
Ian Shakil | officer: CHIEF STRATEGY OFFICER | C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103 |
Sandra Breber | officer: CHIEF OPERATING OFFICER | C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103 |
Jonathan Hawkins | officer: Chief Revenue Officer | C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103 |
Redmile Group, Llc | director, 10 percent owner | ONE LETTERMAN DRIVE, BUILDING D, SUITE D3-300, SAN FRANCISCO CA 94129 |
Margie L. Traylor | director | 5130 E. CASCALOTE DR, CAVE CREEK AZ 85331 |
Redco Ii Master Fund, L.p. | director, 10 percent owner | ONE LETTERMAN DRIVE, BLDG D, STE D3-300, SAN FRANCISCO CA 94129 |
Robert C. Faulkner | director | C/O REDMILE GROUP, ONE LETTERMAN DRIVE, BUILDING D, SUITE D, SAN FRANCISCO CA 94129 |
Roderick H. O'reilly | director | C/O CHANGE HEALTHCARE INC., 3055 LEBANON PIKE, SUITE 1000, NASHVILLE TN 37214 |
Mckesson Ventures, Llc | director, 10 percent owner | ONE POST STREET, SAN FRANCISCO CA 94104 |
William J Febbo | director | 600 CALIFORNIA ST., 9TH FLOOR, SAN FRANCISCO CA 94108 |
Laurie Mcgraw | director | 4720 E COTTON GIN LOOP, SUITE 220, C/O MEDAVAIL HOLDINGS, INC., PHOENIX AZ 85040 |
Jason Krikorian | director, 10 percent owner | C/O AUGMEDIX, INC., 1161 MISSION STREET, SUITE LL, SAN FRANCISCO CA 94103 |
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