Unusual Machines (UMAC)

Net assets on the balance sheet as of June 2024 : $19.97 Million USD

According to Unusual Machines's latest financial reports the company has $19.97 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Unusual Machines - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$$3.2 M	-17.75%
2021-12-31	$$3.9 M

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Unusual Machines (UMAC) - Net assets