Metalert (Metalert) Retained Earnings : $-28.75 Mil (As of Dec. 2023)

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What is Metalert Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Metalert's retained earnings for the quarter that ended in Dec. 2023 was $-28.75 Mil.

Metalert's quarterly retained earnings declined from Jun. 2023 ($-28.01 Mil) to Sep. 2023 ($-28.44 Mil) and declined from Sep. 2023 ($-28.44 Mil) to Dec. 2023 ($-28.75 Mil).

Metalert's annual retained earnings declined from Dec. 2021 ($-26.05 Mil) to Dec. 2022 ($-27.56 Mil) and declined from Dec. 2022 ($-27.56 Mil) to Dec. 2023 ($-28.75 Mil).

Metalert Retained Earnings Historical Data

The historical data trend for Metalert'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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Metalert Retained Earnings Chart

Metalert Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-23.56

-24.18

-26.05

-27.56

-28.75

Metalert 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															-27.56	-27.81	-28.01	-28.44	-28.75

Metalert 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.

Metalert (OTCPK:MLRT) 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.

Metalert (Metalert) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Metalert Inc (OTCPK:MLRT) » Definitions » Retained Earnings

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Address

117 West 9th Street, Suite 1214, Los Angeles, CA, USA, 90015

Website

https://www.metalert.com

Metalert Inc along with its subsidiaries, is engaged in the designing, development, manufacturing, distribution, and sales of products and services in the GPS and BLE wearable technology personal location and wandering assistive technology business. Its Products and services include GPS SmartSole, Take-Along Tracker 4G, Track My Workforce, Sole Protector for GPS Smart sole, Take-Along Friends & the Invisabelt, Protective Medical devices & supplies, and VeriTap. The company generates revenue from product sales, recurring subscriptions, software, and intellectual property (IP) licensing, fees for custom hardware and software development, professional consulting, and support & maintenance services.

Executives

Louis Martin Rosenbaum	director	117 W. 9TH STREET, #1214, LOS ANGELES CA 90024
Alex Grimes Mckean	officer: Interim CFO	1525 MONTANA AVENUE #C, SANTA MONICA CA 90403
Williams H Murray	officer: Chief Financial Officer	28426 RANCHO GRANDE, LAGUNA NIGUEL CA 92677
Patrick Aroff	director	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Andrew Hamish Duncan	director	117 W 9TH STREET #1214, LOS ANGELES CA 90015
Gregory Jeremiah Provenzano	director	117 W 9TH STREET #1214, LOS ANGELES CA 90015
Multi Media Technology Ventures, Ltd.	10 percent owner	668 N. COAST HWY, STE 191, LAGUNA BEACH CA 92651
Christopher M Walsh	officer: Chief Operations Officer	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Patrick Bertagna	director, officer: President, CEO	117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Jeff Sharpe	director, 10 percent owner, officer: President,Secretary,Treasurer	6348 49TH AVENUE, LADNER A1 V4K 5A1