High Wire Networks (High Wire Networks) Retained Earnings : $-46.96 Mil (As of Mar. 2024)

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What is High Wire Networks Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. High Wire Networks's retained earnings for the quarter that ended in Mar. 2024 was $-46.96 Mil.

High Wire Networks's quarterly retained earnings declined from Sep. 2023 ($-39.58 Mil) to Dec. 2023 ($-46.55 Mil) and declined from Dec. 2023 ($-46.55 Mil) to Mar. 2024 ($-46.96 Mil).

High Wire Networks's annual retained earnings declined from Dec. 2021 ($-13.02 Mil) to Dec. 2022 ($-32.06 Mil) and declined from Dec. 2022 ($-32.06 Mil) to Dec. 2023 ($-46.55 Mil).

High Wire Networks Retained Earnings Historical Data

The historical data trend for High Wire Networks'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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High Wire Networks Retained Earnings Chart

High Wire Networks Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

0.80

-13.02

-32.06

-46.55

High Wire Networks Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial											-33.58	-37.54	-39.58	-46.55	-46.96

High Wire Networks 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.

High Wire Networks (OTCPK:HWNI) 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.

High Wire Networks (High Wire Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » High Wire Networks Inc (OTCPK:HWNI) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

980 N. Federal Highway, Suite 304,, Boca Raton, FL, USA, 33432

Website

https://www.highwirenetworks.com

High Wire Networks Inc provider of managed cybersecurity, managed networks, and tech-enabled professional services delivered exclusively through a channel sales model. Its Overwatch managed security platform-as-a-service offers organizations end-to-end protection for networks, data, endpoints, and users via multiyear recurring revenue contracts in this fast-growing technology segment.

Executives

Mark William Porter	director, 10 percent owner, officer: Chief Executive Officer	747 CHEEVER AVE, GENEVA IL 60134
Keith William Hayter	director, officer: President	C/O MANTRA VENTURE GROUP LTD., 300 CROWN OAK CENTRE DRIVE, LONGWOOD FL 32750
Roger Marcus Ponder	director, officer: CEO	C/O MANTRA VENTURE GROUP LTD., 300 CROWN OAK CENTRE DRIVE, LOONGWOOD FL 32750
Glenn W. Parker	director	C/O MANTRA VENTURE GROUP LTD.,, #562-800 15355 24TH AVENUE, SURREY A1 V4A 2H9
Patrick Dodd	director, officer: Chief Technology Officer	#312 - 1617 GRAVELY STREET, VANCOUVER A1 V5L 3A8
Tommy David Unger	director	1162 MCGOWAN DRIVE, PRINCE GEORGE A1 V2M 6R1
Elden Schorn	director	STE 1247 - 235 KEITH ROAD, WEST VANCOUVER A1 V7T 1L5
Jonathan Michael Boughen	director	1765 AMBLE GREENE DRIVE, SURREY A1 V4A 7J1
Buckley Con	officer: CFO, PAO	1140-1185 GEORGIA STREET WEST, VANCOUVER A1 V6E 4E6
John Russell	director, other: Chairman of Scientific Board	3842 WEST 30TH AVE, VANCOUVER A1 V6S 1X1
Larry Kristof	director, 10 percent owner, officer: President, C.E.O.	207 WEST HASTINGS STREET, SUITE 1205, VANCOUVER A1 V6C 3L2
Sung Wook Kim	director, officer: Vice President	404 1790 BAYSHORE DRIVE, VANCOUVER A1 V6G 3G5
Metradon Ventures Ltd	10 percent owner	UNIT 2905, BLOCK E, TUNG NING HOUSE, 9 OI YIN HOUSE, HONG KONG F4
Dennis Petke	10 percent owner, officer: Chief Financial Officer	207 WEST HASTINGS STREET, SUITE 1205, VANCOUVER A1 V6B 1H7