Lightning eMotors (ZEVY)

Net assets on the balance sheet as of September 2023 : -$24.61 Million USD

According to Lightning eMotors's latest financial reports the company has -$24.61 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Lightning eMotors - Net assets on balance sheet (from 2020 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$$54.55 M	116.4%
2021-12-31	$$25.21 M	-194.44%
2020-12-31	$-$26.7 Million	-29.03%
2019-12-31	$-$37.62 Million

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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Lightning eMotors (ZEVY) - Net assets