GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wavefront Technology Solutions Inc (OTCPK:WFTSF) » Definitions » Retained Earnings

Wavefront Technology Solutions (Wavefront Technology Solutions) Retained Earnings : $-60.63 Mil (As of May. 2022)


View and export this data going back to . Start your Free Trial

What is Wavefront Technology Solutions Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Wavefront Technology Solutions's retained earnings for the quarter that ended in May. 2022 was $-60.63 Mil.

Wavefront Technology Solutions's quarterly retained earnings increased from Nov. 2021 ($-61.30 Mil) to Feb. 2022 ($-60.94 Mil) and increased from Feb. 2022 ($-60.94 Mil) to May. 2022 ($-60.63 Mil).

Wavefront Technology Solutions's annual retained earnings declined from Aug. 2019 ($-56.07 Mil) to Aug. 2020 ($-56.76 Mil) and declined from Aug. 2020 ($-56.76 Mil) to Aug. 2021 ($-60.69 Mil).


Wavefront Technology Solutions Retained Earnings Historical Data

The historical data trend for Wavefront Technology Solutions'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.

Wavefront Technology Solutions Retained Earnings Chart

Wavefront Technology Solutions Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -57.27 -56.73 -56.07 -56.76 -60.69

Wavefront Technology Solutions Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 -62.85 -60.69 -61.30 -60.94 -60.63

Wavefront Technology Solutions 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.


Wavefront Technology Solutions  (OTCPK:WFTSF) 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.


Wavefront Technology Solutions (Wavefront Technology Solutions) Business Description

Traded in Other Exchanges
N/A
Address
70 Street North West, Suite 5621, Edmonton, AB, CAN, T6B 3P6
Wavefront Technology Solutions Inc is a technology company providing solutions to oil and gas exploration and production companies to maximize oil and gas production. It has two processes namely the Powerwave process which is an injection technology that improves the flow of fluids in geological materials including sedimentary soils and fractured rock, and Primawave process which is an effective method for aiding in-situ (in-ground) environmental groundwater remediation clean-up strategies in contaminated sites. Geographically it earns key revenue from the Middle East.

Wavefront Technology Solutions (Wavefront Technology Solutions) Headlines

From GuruFocus

Wavefront Corporate Update 

By GlobeNewswire GlobeNewswire 06-05-2019

Wavefront Announces Second Quarter 2018 Financial Results

By GlobeNewswire GlobeNewswire 04-27-2018

Wavefront Adds 10-Well Powerwave Stimulation Campaign in India

By GlobeNewswire GlobeNewswire 05-04-2018

Wavefront Announces Audited and Fourth Quarter 2018 Financial Results

By GlobeNewswire GlobeNewswire 12-31-2018

Wavefront Retains B&D Capital Partners for Investor Relations Outreach

By GlobeNewswire GlobeNewswire 04-11-2018

Wavefront Corporate Update

By GlobeNewswire GlobeNewswire 04-03-2019

Wavefront Seeks TSX Venture Exchange Approval on Warrant Terms

By GlobeNewswire GlobeNewswire 07-02-2019

Wavefront Announces Third Quarter 2018 Financial Results

By GlobeNewswire GlobeNewswire 07-30-2018

Wavefront Announces Second Quarter 2019 Financial Results

By GlobeNewswire GlobeNewswire 04-29-2019