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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rekor Systems's retained earnings for the quarter that ended in Dec. 2023 was $-198.68 Mil.
Rekor Systems's quarterly retained earnings declined from Jun. 2023 ($-176.79 Mil) to Sep. 2023 ($-187.36 Mil) and declined from Sep. 2023 ($-187.36 Mil) to Dec. 2023 ($-198.68 Mil).
Rekor Systems's annual retained earnings declined from Dec. 2021 ($-69.88 Mil) to Dec. 2022 ($-153.00 Mil) and declined from Dec. 2022 ($-153.00 Mil) to Dec. 2023 ($-198.68 Mil).
The historical data trend for Rekor Systems'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.
Rekor Systems Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | -28.41 | -43.05 | -69.88 | -153.00 | -198.68 |
Rekor Systems 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 | -153.00 | -165.68 | -176.79 | -187.36 | -198.68 |
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.
Rekor Systems (NAS:REKR) 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.
Timothy J Davenport | director | C/O REKOR SYSTEMS, INC., 6721 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046 |
Sanjay E Sarma | director | C/O REKOR SYSTEMS, INC., 6721 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046 |
Robert Alan Berman | director, 10 percent owner, officer: Chief Executive Officer | C/O NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151 |
Arctis Global Llc | 10 percent owner | AM TOWERS, 207 CALLE DEL PARQUE, 7TH FLOOR, SAN JUAN PR 00912-3242 |
Debra Shakerdge-hennessy | officer: Chief People Officer | C/O REKOR SYSTEMS, INC., 6721 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046 |
David Philip Desharnais | officer: President | C/O REKOR SYSTEMS, INC., 7172 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046 |
Eyal Hen | officer: CFO | REKOR SYSTEMS, INC., 14420 ALBERMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151 |
Glenn S Goord | director | NOVUME SOLUTIONS, INC., 14420 ALBEMARLE POINT PLACE, SUITE 200, CHANTILLY VA 20151 |
Matthew Anthony Hill | officer: Chief Science Officer | 324 ANNISON DRIVE, COMMERCE TOWNSHIP MI 48382 |
Rodney Hillman | officer: COO | 3201 GLOUCHESTER DRIVE, FALLSTON MD 21047 |
Christopher Kadoch | officer: Chief Technology Officer | C/O REKOR SYSTEMS, INC., 7172 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046 |
Noam Shai Maital | officer: CEO, Waycare Technologies Ltd. | 13535 VENTURA BLVD, SUITE C 410, SHERMAN OAKS CA 91423 |
Michael David Dunbar | officer: Chief Revenue Officer | C/O REKOR SYSTEMS, INC., 7172 COLUMBIA GATEWAY DRIVE, SUITE 400, COLUMBIA MD 21046 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
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