What is Giga-Tronics Retained Earnings?
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Giga-Tronics's retained earnings for the quarter that ended in Dec. 2023 was $-42.82 Mil.
Giga-Tronics's quarterly retained earnings
declined
from Jun. 2023 ($-32.83 Mil) to Sep. 2023 ($-34.75 Mil) and
declined
from Sep. 2023 ($-34.75 Mil) to Dec. 2023 ($-42.82 Mil).
Giga-Tronics's annual retained earnings
declined
from Dec. 2021 ($-9.99 Mil) to Dec. 2022 ($-27.73 Mil) and
declined
from Dec. 2022 ($-27.73 Mil) to Dec. 2023 ($-42.82 Mil).
Giga-Tronics Retained Earnings Historical Data
The historical data trend for Giga-Tronics'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.
Giga-Tronics Retained Earnings Chart
|
Giga-Tronics Annual Data
|
|
Trend |
Dec21 |
Dec22 |
Dec23 |
| Retained Earnings |
|
-9.99 |
-27.73 |
-42.82 |
|
Giga-Tronics Quarterly Data
|
|
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Retained Earnings |
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|
|
|
-27.73 |
-30.19 |
-32.83 |
-34.75 |
-42.82 |
Giga-Tronics 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.
Giga-Tronics (OTCPK:GIGA) 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.
Giga-Tronics (Giga-Tronics) Business Description
Traded in Other Exchanges
N/A
Address
7272 E. Indian School Road, Suite 540, Scottsdale, AZ, USA, 85251
Giga-tronics Inc design, manufacture, and distribute specialized precision electronic solutions, automated test solutions, power electronics, supply and distribution solutions, display solutions and radio, microwave and millimeter wave communication systems and components for a variety of applications with a focus on the global defense industry for military airborne, sea and ground applications. The company has three segments namely Precision Electronic Solutions; Power Electronics and Display and RF Solutions. It generates maximum revenue from the Precision Electronic Solutions segment.
Executives
| William B. Horne |
director |
C/O AULT ALLIANCE, INC., 940 SOUTH COAST DRIVE, SUITE 200, COSTA MESA CA 92626 |
| Timothy Long |
officer: Chief Operating Officer |
7272 E. INDIAN SCHOOL ROAD, SUITE 540, SCOTTSDALE AZ 85251 |
| Bitnile Holdings, Inc. |
10 percent owner |
11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
| Jonathan R Read |
director, officer: Chief Executive Officer |
6711 E. CAMELBACK RD, #32, SCOTTSDALE AZ 85251 |
| Robert O Smith |
director |
DIGITAL POWER CORPORATION, 41920 CHRISTY STREET, FREMONT CA 94538 |
| Jeffrey Allen Bentz |
director |
107 E BONITA WAY, TEMPE AZ 85281 |
| Thomas E Vickers |
director |
2101 WEST COMMERCIAL BLVD, SUITE 3500, FORT LAUDERDALE FL 33309 |
| Wit Cornelis F |
10 percent owner |
2101 WEST COMMERCIAL BLVD., SUITE 3500, FORT LAUDERDALE FL 33309 |
| Smc Private Equity Holdings Gp, Llc |
10 percent owner |
650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Smc Private Equity Holdings, Lp |
10 percent owner |
650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Spring Mountain Capital G.p., Llc |
10 percent owner |
C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Spring Mountain Capital, Llc |
10 percent owner |
C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Smc Select Co-investment I Gp, Llc |
10 percent owner |
C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Gregory P. Ho |
10 percent owner |
C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| John Steffens |
10 percent owner |
C/O DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE SUITE 210, BOCCA RATON FL 33487 |
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