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AppTech Payments (AppTech Payments) Retained Earnings : $-159.75 Mil (As of Dec. 2023)


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What is AppTech Payments Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AppTech Payments's retained earnings for the quarter that ended in Dec. 2023 was $-159.75 Mil.

AppTech Payments's quarterly retained earnings declined from Jun. 2023 ($-153.47 Mil) to Sep. 2023 ($-156.36 Mil) and declined from Sep. 2023 ($-156.36 Mil) to Dec. 2023 ($-159.75 Mil).

AppTech Payments's annual retained earnings declined from Dec. 2021 ($-124.19 Mil) to Dec. 2022 ($-140.47 Mil) and declined from Dec. 2022 ($-140.47 Mil) to Dec. 2023 ($-159.75 Mil).


AppTech Payments Retained Earnings Historical Data

The historical data trend for AppTech Payments'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.

* Premium members only.

AppTech Payments Retained Earnings Chart

AppTech Payments Annual Data
Trend Dec12 Dec13 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -40.76 -44.95 -124.19 -140.47 -159.75

AppTech Payments 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -140.47 -144.39 -153.47 -156.36 -159.75

AppTech Payments 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.


AppTech Payments  (NAS:APCX) 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.


AppTech Payments (AppTech Payments) Business Description

Traded in Other Exchanges
N/A
Address
5876 Owens Avenue, Suite 100, Carlsbad, CA, USA, 92008
AppTech Payments Corp is a FinTech company utilizing various payment processing and digital banking technologies to complement core merchant services capabilities. The company's patented and proprietary software will provide progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants, banking institutions, and business enterprises. It is developing a secure digital payments and banking platform that powers commerce experiences for clients and customers. Based upon industry standards for payment and banking protocols, it will offer standalone products and fully integrated solutions that deliver unparalleled payments, banking, and financial services experiences.
Executives
Chad Nelley officer: COO 5876 OWENS AVE, SUITE #100, CARLSBAD CA 92008
Benjamin D Jenkins officer: CTO 5876 OWENS AVE., SUITE 100, CARLSBAD CA 92008
Christopher S Williams director 5876 OWENS AVE, SUITE 100, CARLSBAD CA 92008
Michael A. O'neal director C/O NORTEK SECURITY & CONTROL LLC, 1950 CAMINO VIDA ROBLE, CARLSBAD CA 92008
William Huff director 2275 RIO BONITO WAY, SUITE 210, SAN DIEGO CA 92108
Mengyin H Liang director 124 STELLAR, IRVINE CA 92618
Marc D Evans officer: Corporate Secretary 5876 OWENS AVE, SUITE 100, CARLSBAD CA 92008
Michael Yadgar director PO BOX 259, MANAMA C6 00000
Ventures Ndigital 10 percent owner C/O INFINIOS SOLUTIONS (BAHRAIN) W.L.L., PO BOX 11970, MANAMA C6 00000
Virgil Llapitan other: Executive Vice President 2302 ALTISMA WAY, 104, CARLSBAD CA 92009
Michael B Gross director 5876 OWENS AVENUE, SUITE 100, CARLSBAD CA 92008
Jeffrey Moriarty officer: Secretary 12545 PARISH ROAD, SAN DIEGO CA 92128
Gary B Wachs director, officer: Chief Financial Officer 23500 MERCANTILE RD, SUITE A, BEACHWOOD OH 44122
Luke Damian D'angelo director, 10 percent owner, officer: Executive Director, Chairman 2011 PALOMAR AIRPORT ROAD, SUITE 102, CARLSBAD CA 92011
Timothy J Connolly director, 10 percent owner, officer: President and CEO 1770 ST JAMES PLACE, SUITE 116, HOUSTON TX 77056