LumenRadio (LUMEN.ST)

Net assets on the balance sheet as of September 2024 : $22.68 Million USD

According to LumenRadio's latest financial reports the company has $22.68 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

LumenRadio - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$$20.84 M	58.05%
2022-12-31	$$13.18 M	98.01%
2021-12-31	$$6.66 M	59.57%
2020-12-31	$$4.17 M	22.5%
2019-12-31	$$3.4 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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LumenRadio (LUMEN.ST) - Net assets