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Lefteris Acquisition (Lefteris Acquisition) Retained Earnings : $-11.65 Mil (As of Jun. 2022)


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What is Lefteris Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lefteris Acquisition's retained earnings for the quarter that ended in Jun. 2022 was $-11.65 Mil.

Lefteris Acquisition's quarterly retained earnings increased from Dec. 2021 ($-30.27 Mil) to Mar. 2022 ($-13.22 Mil) and increased from Mar. 2022 ($-13.22 Mil) to Jun. 2022 ($-11.65 Mil).

Lefteris Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2020 ($-30.27 Mil) but then stayed the same from Dec. 2020 ($-30.27 Mil) to Dec. 2021 ($-30.27 Mil).


Lefteris Acquisition Retained Earnings Historical Data

The historical data trend for Lefteris 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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Lefteris Acquisition Retained Earnings Chart

Lefteris Acquisition Annual Data
Trend Dec20 Dec21
Retained Earnings
-30.27 -30.27

Lefteris Acquisition Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Retained Earnings Get a 7-Day Free Trial -2.81 -17.79 -30.27 -13.22 -11.65

Lefteris 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.


Lefteris Acquisition  (NAS:LFTRU) 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.


Lefteris Acquisition (Lefteris Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
292 Newbury Street, Suite 293, Boston, MA, USA, 02115
Website
Lefteris Acquisition Corp is a blank check company.
Executives
Asiff S Hirji director 250 FAIR OAKS STREET, SAN FRANCISCO CA 94110
Mark S Casady director, 10 percent owner, officer: Chairman of the Board C/O ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02108
Jon D Isaacson officer: Chief Financial Officer 292 NEWBURY STREET, SUITE 293, BOSTON MA 02115
Karl A Roessner director, officer: Chief Executive Officer C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
David P. Bergers officer: General Counsel 75 STATE STREET, 23RD FLOOR, BOSTON MA 02109
Ryan Parker director C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 24TH FLOOR, BOSTON MA 02109
Charles Roame director 1735 TIBURON BOULEVARD, TIBURON CA 94920
Lefteris Holdings Llc 10 percent owner 292 NEWBURY STREET, SUITE 293, BOSTON MA 02115
April Rudin director 292 NEWBURY STREET, SUITE 293, BOSTON MA 02115

Lefteris Acquisition (Lefteris Acquisition) Headlines