Cuentas (Cuentas) Retained Earnings : $-54.95 Mil (As of Dec. 2023)

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What is Cuentas Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cuentas's retained earnings for the quarter that ended in Dec. 2023 was $-54.95 Mil.

Cuentas's quarterly retained earnings declined from Jun. 2023 ($-55.86 Mil) to Sep. 2023 ($-57.04 Mil) but then increased from Sep. 2023 ($-57.04 Mil) to Dec. 2023 ($-54.95 Mil).

Cuentas's annual retained earnings declined from Dec. 2021 ($-38.22 Mil) to Dec. 2022 ($-52.75 Mil) and declined from Dec. 2022 ($-52.75 Mil) to Dec. 2023 ($-54.95 Mil).

Cuentas Retained Earnings Historical Data

The historical data trend for Cuentas'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.

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Cuentas Retained Earnings Chart

Cuentas Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-19.39

-27.49

-38.22

-52.75

-54.95

Cuentas 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															-52.75	-54.45	-55.86	-57.04	-54.95

Cuentas 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.

Cuentas (OTCPK:CUEN) 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.

Cuentas (Cuentas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cuentas Inc (OTCPK:CUEN) » Definitions » Retained Earnings

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Address

235 Lincoln Road, Suite 210, Miami Beach, FL, USA, 33139

Website

https://www.cuentas.com

Cuentas Inc is a FinTech e-banking and e-commerce service provider with proprietary technology aimed at providing solutions for the underbanked and un-banked Hispanic and Latino population. The company operates in two segments: Telecommunications and General Purpose Reloadable Cards. Its services include mobile banking, online banking, prepaid debit, ACH and mobile deposits, cash remittance, peer-to-peer money transferring, and providing access to bank accounts for customers who previously could not obtain bank accounts. The proprietary Cuentas General Purpose Reloadable (GPR) Card provides holders with a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content.

Executives

Arik Maimon	officer: CEO	1111 BRICKELL AVENUE, SUITE 2200, MIAMI FL 33131
Jeffery D. Johnson	officer: Chief Executive Officer	235 LINCOLN RD., SUITE 210, MIAMI BEACH FL 33139
Cima Telecom, Inc.	10 percent owner	1728 CORAL WAY, 6TH FLOOR, MIAMI FL 33145
Yochanon Bruk	director	1898 NW 74TH AVE, PEMBROKE PINES FL 33024
Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540
Adiv Baruch	director	9 SHAUL AVIGUR ST., TEL AVIV L3 69379
Ran Daniel	officer: Chief Financial Officer	101 WEST 90TH STREET, NEW YORK NY 10024
Heritage Ventures Ltd	10 percent owner	SUITE 31 THE MALL, BEACON COURT, SANDYFORD, DUBLIN 18 L2 D18 R8Y7
Harrison Vargas	10 percent owner	10007 VESTAL PLACE, CORAL SPRINGS FL 33071
De Prado Michael A.	officer: President & COO	1111 BRICKELL AVENUE, SUITE 2200, MIAMI FL 33131
Robert Rico	other: Resigned officer and director	4775 COLLINS AVE # 4205, MIAMI BEACH NJ 33140
Calvin Lewis	other: Resigned officer and director	4779 COLLINS AVE, 1907, MIAMI BEACH FL 33140
Lisa Bischof	director, officer: Treasurer	6980 SOUTH EDGERTON ROAD, BRECKSVILLE OH 44141
D Bruce Veness	director, officer: Corporate Secretary	6980 SOUTH EDGERTON ROAD, BREAKSVILLE OH 44141
John L Bianco	director, 10 percent owner, officer: CEO/President	6980 SOUTH EDGERTON ROAD, BRECKSVILLE OH 44141