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MGT Capital Investments (MGT Capital Investments) Retained Earnings : $-432.04 Mil (As of Dec. 2023)


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What is MGT Capital Investments Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MGT Capital Investments's retained earnings for the quarter that ended in Dec. 2023 was $-432.04 Mil.

MGT Capital Investments's quarterly retained earnings increased from Jun. 2023 ($-427.29 Mil) to Sep. 2023 ($-426.59 Mil) but then declined from Sep. 2023 ($-426.59 Mil) to Dec. 2023 ($-432.04 Mil).

MGT Capital Investments's annual retained earnings declined from Dec. 2021 ($-419.93 Mil) to Dec. 2022 ($-425.91 Mil) and declined from Dec. 2022 ($-425.91 Mil) to Dec. 2023 ($-432.04 Mil).


MGT Capital Investments Retained Earnings Historical Data

The historical data trend for MGT Capital Investments'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.

MGT Capital Investments Retained Earnings Chart

MGT Capital Investments Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -414.50 -418.39 -419.93 -425.91 -432.04

MGT Capital Investments Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -425.91 -429.70 -427.29 -426.59 -432.04

MGT Capital Investments 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.


MGT Capital Investments  (OTCPK:MGTI) 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.


MGT Capital Investments (MGT Capital Investments) Business Description

Traded in Other Exchanges
N/A
Address
150 Fayetteville Street, Suite 1110, Raleigh, NC, USA, 27601
MGT Capital Investments Inc is a U.S. based Bitcoin miner company that conducts cryptocurrency activities at a company-owned and managed Bitcoin mining facility in LaFayette, Georgia. Located adjacent to a utility substation, the several-acre property has access to about 20 megawatts (MW) of electrical power, half of which is presently utilized by the Company. Business activities are comprised of self-mining operations and leasing space to third parties.
Executives
Stephen Schaeffer officer: Chief Operating Officer 512 S. MANGUM STREET, SUITE 408, DURHAM NC 27701
Robert Ladd director, 10 percent owner C/O LADDCAP VALUE ADVISORS LLC, 650 FIFTH AVENUE, SUITE 600, NEW YORK NY 10019
Robert S Lowrey officer: CFO, Treasurer, Secretary 512 S MAGNUM STREET, STE 408, DURHAM NC 27701
Nolan K Bushnell director 5443 BEETHOVEN ST, LOS ANGELES CA 90066
Hugh Robert Holmes director 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528
Iroquois Master Fund Ltd. 10 percent owner 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK NY 10022
Joshua Silverman 10 percent owner IROQUOIS CAPITAL MANAGEMENT LLC, 205 EAST 42ND ST - 20TH FL., NEW YORK NY 10017
Iroquois Capital Management, Llc 10 percent owner 641 LEXINGTON AVENUE, 26TH FLOOR, NEW YORK, NY 10022
Michael Onghai director 122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001
J&s Gaming, Inc. 10 percent owner 12 MAY HILL LANE, DIX HILLS NY 11746
Laddcap Value Partners Iii Llc other: Managing Member 335 MADISON AVENUE, SUITE 1100, NEW YORK NY 10017
Robert Paul Traversa officer: Chief Financial Officer C/O MGT CAPITAL INVESTMENTS, INC., 500 MAMARONECK AVENUE, SUITE 204, HARRISON NY 10528
Neal Wyman director KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD
Peter Venton director KENSINGTON CENTRE, 66 HAMMERSMITH ROAD, LONDON X0 W14 8UD
Richard Wolfe Cohen director ONE NORTH BROADWAY, SUITE 509, WHITE PLAINS NY 10601

MGT Capital Investments (MGT Capital Investments) Headlines

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