Silver Spike III Acquisition (NEOE:SPKC.U) Retained Earnings : $-6.86 Mil (As of Mar. 2023)

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What is Silver Spike III Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Silver Spike III Acquisition's retained earnings for the quarter that ended in Mar. 2023 was $-6.86 Mil.

Silver Spike III Acquisition's quarterly retained earnings declined from Sep. 2022 ($-6.33 Mil) to Dec. 2022 ($-6.56 Mil) and declined from Dec. 2022 ($-6.56 Mil) to Mar. 2023 ($-6.86 Mil).

Silver Spike III Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-9.98 Mil) and increased from Dec. 2021 ($-9.98 Mil) to Dec. 2022 ($-6.56 Mil).

Silver Spike III Acquisition Retained Earnings Historical Data

The historical data trend for Silver Spike III Acquisition'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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Silver Spike III Acquisition Retained Earnings Chart

Silver Spike III Acquisition Annual Data

Trend

Dec21

Dec22

Retained Earnings

-9.98

-6.56

Silver Spike III Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Retained Earnings	Get a 7-Day Free Trial				-8.40	-6.68	-6.33	-6.56	-6.86

Silver Spike III Acquisition 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.

Silver Spike III Acquisition (NEOE:SPKC.U) 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.

Silver Spike III Acquisition (NEOE:SPKC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Silver Spike III Acquisition Corp (NEOE:SPKC.U) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

660 Madison Avenue, Suite 1600, New York, NY, USA, 10065

Website

https://www.silverspikecap.com

Silver Spike III Acquisition Corp is a special purpose acquisition corporation. The Corporation continues to search for target businesses with a focus on the cannabis sector and related industries such as consumer packaged goods, health & wellness, technology, pharmaceuticals, manufacturing, distribution, logistics, and brand management.

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