TGTMF (Targeted Microwave Solutions) Retained Earnings: $-16.38 Mil (As of Sep. 2025)

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What is Targeted Microwave Solutions Retained Earnings?

Targeted Microwave Solutions TGTMF Retained Earnings is $-16.38 Mil as of Sep. 2025. The stock has 1 warning sign investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Targeted Microwave Solutions's retained earnings for the quarter that ended in Sep. 2025 was $-16.38 Mil.

Targeted Microwave Solutions's quarterly retained earnings declined from Mar. 2025 ($-16.36 Mil) to Jun. 2025 ($-16.37 Mil) and declined from Jun. 2025 ($-16.37 Mil) to Sep. 2025 ($-16.38 Mil).

Targeted Microwave Solutions's annual retained earnings declined from Dec. 2022 ($-16.30 Mil) to Dec. 2023 ($-16.33 Mil) and declined from Dec. 2023 ($-16.33 Mil) to Dec. 2024 ($-16.36 Mil).

Targeted Microwave Solutions  (OTCPK:TGTMF) 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.

Targeted Microwave Solutions Retained Earnings Historical Data

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The historical data trend for Targeted Microwave Solutions'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.

Targeted Microwave Solutions Retained Earnings Chart

Targeted Microwave Solutions Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.22 -16.26 -16.30 -16.33 -16.36

Targeted Microwave Solutions Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -16.36 -16.36 -16.36 -16.37 -16.38

Targeted Microwave Solutions 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-16.38 Mil mean?
Targeted Microwave Solutions (TGTMF) has a Retained Earnings of $-16.38 Mil as of Sep. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Targeted Microwave Solutions and its competitors.
Is Targeted Microwave Solutions' Retained Earnings too high?
Targeted Microwave Solutions' current Retained Earnings is $-16.38 Mil.
How does Targeted Microwave Solutions' Retained Earnings compare to VLTO and ZWS?
Targeted Microwave Solutions' Retained Earnings of $-16.38 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Products company?
A good Retained Earnings depends on the Industrial Products industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Targeted Microwave Solutions and its competitors. Targeted Microwave Solutions's current Retained Earnings is $-16.38 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Targeted Microwave Solutions stock overvalued right now?
Targeted Microwave Solutions (TGTMF) has a current Retained Earnings of $-16.38 Mil. The current Retained Earnings is $-16.38 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Targeted Microwave Solutions (TGTMF), the current Retained Earnings is $-16.38 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Targeted Microwave Solutions Business Description

Address 1066 West Hastings Street, Suite 2300, Vancouver, BC, CAN, V6E 3X2
Targeted Microwave Solutions Inc is an industrial clean technology company in the business of developing patented microwave-based application technologies to dry, decontaminate, physically upgrade and fully eliminate or reduce environment harming emissions. The technology has specific application to mass-scale use of industrial aggregates, energy producing biomass, low-rank coals and other materials for use by power utilities and industrial companies.