Fobi Ai (TSXV:FOBI) Retained Earnings : C$-75.99 Mil (As of Mar. 2024)

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What is Fobi Ai Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fobi Ai's retained earnings for the quarter that ended in Mar. 2024 was C$-75.99 Mil.

Fobi Ai's quarterly retained earnings declined from Sep. 2023 (C$-73.26 Mil) to Dec. 2023 (C$-74.56 Mil) and declined from Dec. 2023 (C$-74.56 Mil) to Mar. 2024 (C$-75.99 Mil).

Fobi Ai's annual retained earnings declined from Jun. 2021 (C$-39.09 Mil) to Jun. 2022 (C$-58.24 Mil) and declined from Jun. 2022 (C$-58.24 Mil) to Jun. 2023 (C$-71.00 Mil).

Fobi Ai Retained Earnings Historical Data

The historical data trend for Fobi Ai'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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Fobi Ai Retained Earnings Chart

Fobi Ai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-22.74

-28.00

-39.09

-58.24

-71.00

Fobi Ai Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-68.31	-71.00	-73.26	-74.56	-75.99

Fobi Ai 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.

Fobi Ai (TSXV:FOBI) 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.

Fobi Ai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fobi Ai Inc (TSXV:FOBI) » Definitions » Retained Earnings

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FOBIF:USA

Address

560 Beatty Street, Unit 200, Vancouver, BC, CAN, V6B 2L3

Website

https://www.fobi.ai

Fobi Ai Inc is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. The Company operates in one operating segment, being the technology segment wherein it earns revenues from directly selling software as a service, reselling, referring and licensing its technology to licensors. Its IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating scalable solutions for clients across the world. The company operates globally in the retail, telecom, sports and entertainment, casino gaming, and hospitality and tourism industries. It operates in North America and Europe.

Executives

Robert Anson	Senior Officer
Colby Lee Mckenzie	Senior Officer

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