Summit Networks Inc. (SNTW) Retained Earnings (2014 - 2023)

Summit Networks (SNTW) has reported Retained Earnings for 10 consecutive years, with -$1.3 million the latest figure, recorded in Q1 2023.

• On a quarterly basis, Retained Earnings fell 4.47% year-over-year to -$1.3 million in Q1 2023; TTM through Mar 2023 was -$1.3 million, a 4.47% decrease from a year earlier, with the FY2022 full-year figure at -$1.2 million, down 9.75% from the prior year.
• Retained Earnings was -$1.3 million for Q1 2023 at Summit Networks, down from -$1.2 million in the prior quarter.
• Over five years, Retained Earnings peaked at -$512258.0 in Q3 2019 and troughed at -$1.3 million in Q1 2023.
• A 5-year average of -$948834.1 and a median of -$1.1 million in 2021 frame the typical range for Retained Earnings.
• Across the five-year window, Retained Earnings sank 275.93% in 2019 and slipped 4.47% in 2023, its largest moves.
• Over 5 years, Retained Earnings stood at -$539525.0 in 2019, then slipped by 21.58% to -$655976.0 in 2020, then slumped by 80.84% to -$1.2 million in 2021, then slipped by 5.07% to -$1.2 million in 2022, then slipped by 4.0% to -$1.3 million in 2023.
• The last three Retained Earnings figures came in at -$1.3 million (Q1 2023), -$1.2 million (Q4 2022), and -$1.2 million (Q3 2022), per Business Quant data.