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MITQ (Moving iMage Technologies) Retained Earnings : $-6.81 Mil (As of Dec. 2024)


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What is Moving iMage Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Moving iMage Technologies's retained earnings for the quarter that ended in Dec. 2024 was $-6.81 Mil.

Moving iMage Technologies's quarterly retained earnings declined from Jun. 2024 ($-6.26 Mil) to Sep. 2024 ($-6.28 Mil) and declined from Sep. 2024 ($-6.28 Mil) to Dec. 2024 ($-6.81 Mil).

Moving iMage Technologies's annual retained earnings declined from Jun. 2022 ($-3.09 Mil) to Jun. 2023 ($-4.88 Mil) and declined from Jun. 2023 ($-4.88 Mil) to Jun. 2024 ($-6.26 Mil).


Moving iMage Technologies Retained Earnings Historical Data

The historical data trend for Moving iMage Technologies'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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Moving iMage Technologies Retained Earnings Chart

Moving iMage Technologies Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Retained Earnings
Get a 7-Day Free Trial - -1.74 -3.09 -4.88 -6.26

Moving iMage Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -5.24 -5.84 -6.26 -6.28 -6.81

Moving iMage Technologies 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.


Moving iMage Technologies  (AMEX:MITQ) 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.


Moving iMage Technologies Business Description

Traded in Other Exchanges
N/A
Address
17760 Newhope Street, Fountain Valley, CA, USA, 92708
Moving iMage Technologies Inc is engaged in providing designed equipment as well as other off the shelf cinema products needed for contemporary cinema requirements. It offers technical, design and consulting services such as custom engineering, systems design, integration and installation and digital technology, as well as software solutions for operations enhancement and theatre management.
Executives
William F Greene officer: Interim CFO 12220 EL CAMINO REAL #410, CARLSBAD CA 92130
Philip L. Rafnson director, 10 percent owner, officer: CEO, Pres. 17760 NEWHOPE STREET, IRVINE CA 92708
Bevan Wright officer: EVP Operations 17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
John Stiska director
Katherine D Crothall director 2425 S. BLUE CRANE DRIVE, JACKSON WY 83001
Jose Delgado officer: EVP Sales & Marketing 11760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Michael R. Sherman officer: CFO 17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92708
Scott Lloyd Anderson director 17760 NEWHOPE STREET, FOUNTAIN VALLEY CA 92075
Sound Management Investors, Llc 10 percent owner 11109 XYLON AVENUE S, BLOOMINGTON MN 55438