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INKAU (KludeIn I Acquisition) Retained Earnings : $-12.21 Mil (As of Dec. 2022)


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What is KludeIn I Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. KludeIn I Acquisition's retained earnings for the quarter that ended in Dec. 2022 was $-12.21 Mil.

KludeIn I Acquisition's quarterly retained earnings declined from Jun. 2022 ($-9.59 Mil) to Sep. 2022 ($-10.83 Mil) and declined from Sep. 2022 ($-10.83 Mil) to Dec. 2022 ($-12.21 Mil).

KludeIn I Acquisition's annual retained earnings declined from Dec. 2020 ($-0.00 Mil) to Dec. 2021 ($-14.51 Mil) but then increased from Dec. 2021 ($-14.51 Mil) to Dec. 2022 ($-12.21 Mil).


KludeIn I Acquisition Retained Earnings Historical Data

The historical data trend for KludeIn I Acquisition'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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KludeIn I Acquisition Retained Earnings Chart

KludeIn I Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Retained Earnings
- -14.51 -12.21

KludeIn I Acquisition Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.51 -8.64 -9.59 -10.83 -12.21

KludeIn I Acquisition 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.


KludeIn I Acquisition  (NAS:INKAU) 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.


KludeIn I Acquisition Business Description

Traded in Other Exchanges
N/A
Address
1096 Keeler Avenue, Berkeley, CA, USA, 94708
Website
KludeIn I Acquisition Corp is a blank check company.
Executives
Blake Ross 10 percent owner 1887 WHITNEY MESA DRIVE, #2070, HENDERSON NV 89014
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Krishnan Rajagopalan director 2001 PENNSYLVANIA AVENUE, SUITE 800, WASHINGTON DC 20006
Mark W Bailey director 10200 S DE ANZA BLVD, CUPERTINO CA 95014
Ashish Gupta officer: Co-President C/O PUBMATIC, INC., 3 LAGOON DRIVE, SUITE 180, REDWOOD CITY CA 94065
Kludein Prime Llc 10 percent owner 855 EL CAMINO REAL #13A-385, PALO ALTO CA 94301
Mary Krishnamoorthy director, officer: Chief Financial Officer 2400 BROADWAY ST. SUITE 230, REDWOOD CITY CA 94063
Narayan Ramachandran director, 10 percent owner, officer: CEO, COB, Co-President 2400 BROADWAY ST. SUITE 230, REDWOOD CITY CA 94063
Sriram Raghavan 10 percent owner 2400 BROADWAY ST. SUITE 230, REDWOOD CITY CA 94063
Madhavan Rangaswami director 2400 BROADWAY ST. SUITE 230, REDWOOD CITY CA 94063