Presto Automation (PRST)

Net assets on the balance sheet as of March 2024 : -$58.17 Million USD

According to Presto Automation's latest financial reports the company has -$58.17 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

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

Net assets by year

Year	Net assets	Change
2023-06-30	$-$45.23 Million	-63.07%
2022-06-30	$-$0.13 Billion	74.89%
2021-06-30	$-$70.02 Million	233.74%
2020-06-30	$-$20.98 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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Presto Automation (PRST) - Net assets