VUZI has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
VUZI has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vuzix's retained earnings for the quarter that ended in Dec. 2023 was $-293.99 Mil.
Vuzix's quarterly retained earnings declined from Jun. 2023 ($-263.12 Mil) to Sep. 2023 ($-274.10 Mil) and declined from Sep. 2023 ($-274.10 Mil) to Dec. 2023 ($-293.99 Mil).
Vuzix's annual retained earnings declined from Dec. 2021 ($-203.07 Mil) to Dec. 2022 ($-243.84 Mil) and declined from Dec. 2022 ($-243.84 Mil) to Dec. 2023 ($-293.99 Mil).
The historical data trend for Vuzix'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.
Vuzix Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -144.74 | -162.70 | -203.07 | -243.84 | -293.99 |
Vuzix 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 | -243.84 | -254.08 | -263.12 | -274.10 | -293.99 |
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.
Vuzix (NAS:VUZI) 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.
Paul J Travers | director, officer: President and CEO | 75 TOWN CENTRE DR, ROCHESTER NY 14623 |
Kay Edward William Jr. | director | 55 MITCHELL ROAD, PITTSFORD NY 14534 |
Peter Hamilton Jameson | officer: Chief Operating Officer | 5 CHIPMUNK TRL, PITTSFORD NY 14534 |
Raj Rajgopal | director | C/O VIRTUSA CORPORATION, 2000 WEST PARK DRIVE, WESTBOROUGH MA 01581 |
Grant Russell | director, officer: CFO and Executive VP | VUZIX CORPORATION, 75 TOWN CENTRE DR, ROCHESTER NY 14623 |
Timothy Heydenreich Harned | director | 71 MAUGUS AVENUE, WELLESLEY MA 02481 |
Emily Nagle Green | director | CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701 |
Azita Arvani | director | 1522 LOMA DRIVE, HERMOSA BEACH CA 90254 |
Intel Corp | 10 percent owner | 2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054 |
Alexander Ruckdaeschel | director | 123 EAST 83RD STREET, APT 3-B, NEW YORK NY 10028 |
Paul A Boris | director, officer: Chief Operating Officer | 2561 VERONICA DRIVE, CHESTER SPRINGS PA 19425 |
William Lee | director | 75 TOWN CENTRE DR, C/O VUZIX CORPORATION, ROCHESTER NY 14623 |
Michael Dennis Scott | director | 1211 21ST STREET, HERMOSA BEACH CA 90254 |
Michael Edwards Mccrackan | officer: Vice President of Operations | 38 TURNING LEAF DRIVE, PITTSFORD NY 14534 |
Cecin Jose A Jr | director | C/O MOBILE SATELLITE VENTURES LP, 10802 PARKRIDGE BLVD, RESTON VA 20191 |
From GuruFocus
By PRNewswire • 11-14-2023
By PRNewswire PRNewswire • 06-14-2023
By PRNewswire PRNewswire • 06-15-2023
By PRNewswire • 01-09-2024
By PRNewswire PRNewswire • 06-07-2023
By PRNewswire • 09-26-2023
By PRNewswire • 11-04-2023
By PRNewswire • 01-04-2024
By PRNewswire • 09-20-2023
By PRNewswire PRNewswire • 06-01-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.