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QGSI (QuantGate Systems) Retained Earnings : $-13.31 Mil (As of Aug. 2024)


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What is QuantGate Systems Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. QuantGate Systems's retained earnings for the quarter that ended in Aug. 2024 was $-13.31 Mil.

QuantGate Systems's quarterly retained earnings declined from Feb. 2024 ($-13.03 Mil) to May. 2024 ($-13.11 Mil) and declined from May. 2024 ($-13.11 Mil) to Aug. 2024 ($-13.31 Mil).

QuantGate Systems's annual retained earnings declined from May. 2022 ($-11.23 Mil) to May. 2023 ($-12.49 Mil) and declined from May. 2023 ($-12.49 Mil) to May. 2024 ($-13.11 Mil).


QuantGate Systems Retained Earnings Historical Data

The historical data trend for QuantGate Systems'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.

* Premium members only.

QuantGate Systems Retained Earnings Chart

QuantGate Systems Annual Data
Trend May12 May13 May14 May15 May16 May20 May21 May22 May23 May24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.95 -10.13 -11.23 -12.49 -13.11

QuantGate Systems Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 -12.80 -12.81 -13.03 -13.11 -13.31

QuantGate Systems 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.


QuantGate Systems  (OTCPK:QGSI) 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.


QuantGate Systems Business Description

Traded in Other Exchanges
N/A
Address
99 Wall Street, Suite 1701, New York, NY, USA, 10005
QuantGate Systems Inc is a Fintech company that develops Artificial Intelligence, Machine Learning, and big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. The company's products for retailers include the Pilot Trading app, which delivers market intelligence to traders on a mobile device.
Executives
Jack J. Bensimon officer: Chief Executive Officer 34 KING ST. E. SUITE 1010, TORONTO A6 M5C 2X8
Ontario 1476448 10 percent owner 1927 SHELLARD ROAD, CAMBRIDGE A6 N1R 5S7
Murray Simser officer: CEO and President C/O MOBILE INTEGRATED SYSTEMS, INC., 25 ADELAIDE STREET EAST, SUITE 502, TORONTO A6 M5C 3A1
Benjamin Chesir other: Former Director ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282
Richard Schaeffer other: Former Director C/O LIQUID HOLDINGS GROUP, INC., 800 THIRD AVE., 39TH FLOOR, NEW YORK NY 10022
Emlyn David director, officer: Chief Executive Officer SUITE 502, 25 ADELAIDE STREET, TORONTO A6 M5C 3A1
James Mcgovern other: Former Director C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
Fulvio Ciano officer: President and CTO 142 BANFF RD., TORONTO A6 M4P 2P7
Todd Halpern director C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
2238646 Ontario Inc. 10 percent owner 23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Alan Ralph director 48 ROYAL HENLEY BLVD., ST. CATHARINES A6 L2N4S1
J Trevor Eyton director PO BOX 723040, ATLANTA GA 30339
Baker A. Stephen officer: Chief Technology Officer 2361 SOUTHCOTT ROAD, PICKERING A6 L1X 2T3
Jason Randall Barrs director 23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Donald Ziraldo director 15468 NIAGARA PARKWAY, NIAGARA ON THE LAKE A6 L0S 1J0