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Genesis AI (Genesis AI) Retained Earnings : $-22.87 Mil (As of Dec. 2023)


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What is Genesis AI Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Genesis AI's retained earnings for the quarter that ended in Dec. 2023 was $-22.87 Mil.

Genesis AI's quarterly retained earnings declined from Jun. 2023 ($-21.88 Mil) to Sep. 2023 ($-21.88 Mil) and declined from Sep. 2023 ($-21.88 Mil) to Dec. 2023 ($-22.87 Mil).

Genesis AI's annual retained earnings increased from Jun. 2021 ($-23.00 Mil) to Jun. 2022 ($-22.39 Mil) and increased from Jun. 2022 ($-22.39 Mil) to Jun. 2023 ($-21.88 Mil).

Genesis AI Retained Earnings Historical Data

The historical data trend for Genesis AI'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.

Genesis AI Retained Earnings Chart

Genesis AI Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.28 -21.89 -23.00 -22.39 -21.88

Genesis AI 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 -22.01 -21.82 -21.88 -21.88 -22.87

Genesis AI 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.

Genesis AI  (OTCPK:AIGFF) 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.

Genesis AI (Genesis AI) Business Description

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Address
1620 Dickson Avenue, Suite 750, Kelowna, BC, CAN, V1Y 9Y2
Website
https://security.gallagher.com
Genesis AI Corp Formerly Gallagher Security Corp is a cybersecurity specialist company. It specializes in creating solutions to provide key organizational stakeholders with accurate and timely business intelligence to increase security posture and reduce risk. Further, it holds a military grade, cybersecurity platform for small-to-medium-sized businesses, comprising blockchain event validation, cyber tagging, incident response, and rapid restoration.