Personas Social (TSXV:PRSN) Retained Earnings : C$-39.24 Mil (As of Sep. 2024)

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What is Personas Social Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Personas Social's retained earnings for the quarter that ended in Sep. 2024 was C$-39.24 Mil.

Personas Social's quarterly retained earnings increased from Mar. 2024 (C$-39.08 Mil) to Jun. 2024 (C$-38.82 Mil) but then declined from Jun. 2024 (C$-38.82 Mil) to Sep. 2024 (C$-39.24 Mil).

Personas Social's annual retained earnings increased from Dec. 2021 (C$-39.37 Mil) to Dec. 2022 (C$-38.95 Mil) but then declined from Dec. 2022 (C$-38.95 Mil) to Dec. 2023 (C$-39.08 Mil).

Personas Social Retained Earnings Historical Data

The historical data trend for Personas Social'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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Personas Social Retained Earnings Chart

Personas Social Annual Data

Trend

May13

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Dec21

Dec22

Dec23

Retained Earnings

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-30.91

-34.54

-39.37

-38.95

-39.08

Personas Social Quarterly Data
	Aug19	Nov19	Feb20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-38.93	-39.08	-39.08	-38.82	-39.24

Personas Social 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.

Personas Social (TSXV:PRSN) 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.

Personas Social Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Personas Social Inc (TSXV:PRSN) » Definitions » Retained Earnings

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PRSNF:USA

Address

155 University Avenue, Suite 302, Toronto, ON, CAN, M5H 3B7

Website

https://www.personas.com

Personas Social Inc is a Canada-based company engaged in the business of offering live video conferencing technology, live streaming, social media products and services for use by consumers and businesses, with a focus on mobile (iOS and Android) products. It focuses on providing social commerce-enabled products which allow for a monetizable user experience to all users, consumers and businesses alike. The company accomplishes this by offering products which are complete with enterprise-grade e-commerce infrastructure including multi-currency, multi-lingual, turnkey mobile commerce suites for users.

Executives

Mark Itwaru

Deemed Insider - 6 Months before becoming Insider, Director, Senior Officer

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