Fonix Mobile (FNX.L)

Net assets on the balance sheet as of June 2024 : $13.54 Million USD

According to Fonix Mobile's latest financial reports the company has $13.54 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fonix Mobile - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-06-30	$$11.84 M	24.81%
2022-06-30	$$9.48 M	31.18%
2021-06-30	$$7.23 M	141.48%
2020-06-30	$$2.99 M	7.63%
2019-06-30	$$2.78 M	-36.51%
2018-06-30	$$4.38 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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Fonix Mobile (FNX.L) - Net assets