ShiftPixy (ShiftPixy) Retained Earnings : $-236.60 Mil (As of Feb. 2024)

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What is ShiftPixy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ShiftPixy's retained earnings for the quarter that ended in Feb. 2024 was $-236.60 Mil.

ShiftPixy's quarterly retained earnings declined from Aug. 2023 ($-226.35 Mil) to Nov. 2023 ($-231.90 Mil) and declined from Nov. 2023 ($-231.90 Mil) to Feb. 2024 ($-236.60 Mil).

ShiftPixy's annual retained earnings declined from Aug. 2021 ($-149.34 Mil) to Aug. 2022 ($-192.73 Mil) and declined from Aug. 2022 ($-192.73 Mil) to Aug. 2023 ($-226.35 Mil).

ShiftPixy Retained Earnings Historical Data

The historical data trend for ShiftPixy'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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ShiftPixy Retained Earnings Chart

ShiftPixy Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Retained Earnings

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-44.12

-119.46

-149.34

-192.73

-226.35

ShiftPixy Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial															-203.92	-211.37	-226.35	-231.90	-236.60

ShiftPixy 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.

ShiftPixy (NAS:PIXY) 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.

ShiftPixy (ShiftPixy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ShiftPixy Inc (NAS:PIXY) » Definitions » Retained Earnings

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Address

4101 NW 25th Street, Miami, FL, USA, 33131

Website

https://www.shiftpixy.com

ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.

Executives

Douglas Beck	officer: Chief Financial Officer	C/O IBIO, INC., 9 INNOVATION WAY, SUITE 100, NEWARK DE 19711
Kenneth Weir Weaver	director	901 RIVERSIDE DRIVE, OLD HICKORY TN 37138
Manuel Rivera	officer: Treasurer and Acting CFO	C/O SHIFTPIXY, INC., 501 BRICKELL KEY DRIVE, SUITE 300, MIAMI FL 33131
Domonic J. Carney	officer: Chief Financial Officer	9400 TOLEDO WAY, IRVINE CA 92618
Robert S. Gans	officer: Secretary & Corporate Counsel	C/O SHIFTPIXY, INC., 1 VENTURE, SUITE 150, IRVINE CA 92618
Scott W Absher	director, 10 percent owner, officer: Chief Executive Officer	4101 NW 25TH STREET, MIAMI FL 33142
Amanda Murphy	director	C/O SHIFTPIXY, INC., 1 VENTURE, SUITE 150, IRVINE CA 92618
Christopher Sebes	director	1 VENTURE, SUITE 150, IRVINE CA 92618
John Stephen Holmes	10 percent owner	1 VENTURE, SUITE 150, IRVINE CA 92618
Kirk M Flagg	officer: Chief Compliance Officer	1 VENTURE, SUITE 150, IRVINE CA 92618
Whitney James White	director	1991 BROADWAY, APT 26/27C, NEW YORK NY 10023
Sean Christopher Higgins	director	42 OAKRIDGE CRES, GUELPH A6 N1L 1J3
Mark A Absher	director	18101 VON KARMAN AVE, STE 330, IRVINE CA 96212
Stephen Paul Desantis	officer: CFO	1 SCARLET MAPLE DRIVE, LADERA RANCH CA 92694