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Basanite Inc (BASA)
OTHER OTC:BASA
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Basanite
(OTC:BASA)
27Underperform
Basanite (BASA) vs. S&P 500 (SPY)
Market Cap
$9.34M
Dividend YieldN/A
Average Volume (3M)114.85K
Price to Earnings (P/E)―
Beta (1Y)-0.43
Revenue Growth-76.45%
EPS Growth68.92%
CountryUS
Employees2
SectorBasic Materials
Sector Strength59
IndustryConstruction Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding260,156,800
10 Day Avg. Volume62,823
30 Day Avg. Volume114,849
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Basanite Business Overview & Revenue Model
Company DescriptionBasanite (BASA) is a company operating in the construction materials sector, specializing in the development and manufacturing of advanced composite materials. The company's core products include Basalt fiber reinforced polymer (BFRP) materials, which are used as a sustainable alternative to traditional steel reinforcement in concrete structures. These products are known for their high strength, lightweight properties, and resistance to corrosion, making them suitable for a variety of construction applications.
How the Company Makes MoneyBasanite makes money primarily through the sale of its Basalt fiber reinforced polymer (BFRP) products to construction companies, infrastructure developers, and other entities involved in building and civil engineering projects. The company's revenue streams are driven by the increasing demand for eco-friendly and long-lasting construction materials, as well as the growing interest in innovative technologies that replace conventional steel reinforcements. Significant factors contributing to Basanite's earnings include strategic partnerships with construction firms and ongoing research and development efforts to enhance product offerings and maintain a competitive edge in the market.
Basanite Financial Statement Overview
Summary
Basanite is facing severe financial difficulties with negative profitability metrics, high leverage, and negative cash flows, posing significant risks to its financial health and sustainability.Income Statement
Basanite shows significant negative profitability metrics with consistently negative net income and EBIT margins. The company has not generated positive gross profit in recent years, indicating severe operational challenges. Revenue growth cannot be assessed due to missing data for the latest period, but previous data indicates volatility.―
Balance Sheet
The company's balance sheet is highly leveraged, with a negative stockholders' equity position, indicating insolvency risk. The debt-to-equity ratio is extremely high, highlighting financial instability. Return on equity is irrelevant due to negative equity, and the equity ratio reflects a lack of asset backing from equity.5
Cash Flow
Basanite's cash flow situation is concerning, with negative operating and free cash flows indicating unsustainable operational funding. The operating cash flow to net income ratio is negative, reflecting inefficiency in converting net income into cash. The company is reliant on financing activities to sustain operations, posing a liquidity risk.―
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 376.10K | 1.36M | 193.19K | 7.16K | 3.89K | Gross Profit |
| 127.78K | -1.07M | -1.78M | 2.67K | -101.12K | EBIT |
| -1.60M | -4.63M | -9.80M | -2.95M | -4.01M | EBITDA |
| -1.38M | -4.03M | -15.58M | -2.30M | -3.61M | Net Income Common Stockholders |
| -2.17M | -5.65M | -17.03M | -4.80M | -4.63M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 55.25K | 30.34K | 109.51K | 259.50K | 129.15K | Total Assets |
| 554.66K | 4.77M | 5.21M | 2.85M | 2.46M | Total Debt |
| 4.22M | 4.48M | 3.28M | 2.26M | 1.99M | Net Debt |
| 4.17M | 4.44M | 3.17M | 2.00M | 1.86M | Total Liabilities |
| 7.67M | 8.57M | 5.03M | 3.55M | 3.49M | Stockholders Equity |
| -7.11M | -3.81M | 181.76K | -704.06K | -1.03M |
| Cash Flow | Free Cash Flow | |||
| -1.06M | -6.85M | -6.85M | -3.14M | -3.03M | Operating Cash Flow |
| -1.06M | -4.51M | -4.51M | -2.80M | -2.26M | Investing Cash Flow |
| 0.00 | -2.35M | -2.35M | -339.59K | -566.92K | Financing Cash Flow |
| 1.08M | 6.70M | 6.70M | 3.27M | 2.83M |
Basanite Risk Analysis
Basanite disclosed 61 risk factors in its most recent earnings report. Basanite reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Basanite Peers Comparison
Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $11.62B | 34.97 | 11.05% | 0.96% | 18.77% | 38.55% | |
76 Outperform | $7.79B | 16.72 | 33.51% | 0.43% | 0.64% | -1.15% | |
50 Neutral | $4.71M | ― | -45.79% | ― | 0.46% | 42.86% | |
49 Neutral | $1.95B | -1.27 | -21.38% | 3.72% | 0.83% | -29.30% | |
36 Underperform | $35.23M | ― | -9.25% | ― | ― | -40.85% | |
27 Underperform | $9.34M | ― | ― | -76.45% | 68.92% |
* Basic Materials Sector Average
Performance Comparison
BASA
Basanite
0.04
0.03
300.00%
EXP
Eagle Materials
233.97
-31.63
-11.91%
RGLD
Royal Gold
176.51
54.08
44.17%
WWR
Westwater Resources
0.49
0.01
2.08%
ADMT
ADM Tronics Un
0.07
0.00
0.00%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.