Basanite, Inc. (BASA)

OTCMKTS · Delayed Price · Currency is USD
0.0420
-0.0001 (-0.24%)
Apr 25, 2025, 4:00 PM EDT
288.89%
Market Cap 10.95M
Revenue (ttm) 434.73K
Net Income (ttm) -1.73M
Shares Out 260.16M
EPS (ttm) -0.01
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 6,963
Average Volume 104,118
Open 0.0427
Previous Close 0.0421
Day's Range 0.0370 - 0.0427
52-Week Range 0.0040 - 0.0890
Beta 0.03
RSI 52.49
Earnings Date Apr 29, 2025

About Basanite

Basanite, Inc., through its subsidiary Basanite Industries, LLC, manufactures and sells basalt fiber reinforced polymer (FRP) products for the construction industry worldwide. The company offers BasaFlex, a basalt FRP reinforcing bar; BasaMix, which are fine denier basalt fibers; and BasaMesh, a line of basalt geogrid mesh rolls to replace welded wire mesh. Its basalt FRP products are used for concrete reinforcement and steel reinforcement, as well as a replacement for other FRP rebar and industry established fiber products. The company sells i... [Read more]

Sector Materials
Founded 2006
Employees 2
Stock Exchange OTCMKTS
Ticker Symbol BASA
Full Company Profile

Financial Performance

In 2024, Basanite's revenue was $434,725, an increase of 15.59% compared to the previous year's $376,096. Losses were -$1.73 million, -20.28% less than in 2023.

Financial Statements

News

Basanite Industries, Inc. Appoints Michael D. Nelson as Chief Executive Officer

POMPANO BEACH, Fla. , March 21, 2025 /PRNewswire/ -- Basanite Industries, Inc. (OCTQB: BASA) today announced it appointed Michael D.

5 weeks ago - PRNewsWire

Basanite, Inc. to Open New Production and Distribution Facility in Northeast Ohio

POMPANO BEACH, Fla. , Jan. 2, 2025 /PRNewswire/ -- Basanite, Inc. (OCTQB: BASA) today announced its plans to open a production and distribution facility in Northeast Ohio.

4 months ago - PRNewsWire

BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING

POMPANO BEACH, Fla. , Oct. 9, 2024 /PRNewswire/ -- Basanite Industries, LLC, (hereafter referred to as "Basanite"), a wholly owned subsidiary of Basanite Inc. (OCTQB: BASA) today announced the success...

7 months ago - PRNewsWire

Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer

POMPANO BEACH, Fla. , Oct. 3, 2024 /PRNewswire/ -- Basanite Inc. (OCTQB: BASA) is pleased to announce that the company has appointed Ali Manav as Interim Chief Executive Officer.

7 months ago - PRNewsWire

Basanite Inc. Announces Completion of Product Approval By Florida Department of Transportation

POMPANO, FL / ACCESSWIRE / June 16, 2023 / Basanite Inc. (OTCQB:BASA) ("Basanite" or the "Company"), a manufacturer of environmentally friendly, high-performance composite construction materials made ...

2 years ago - Accesswire

Basanite Announces New Midwest Distributor

POMPANO BEACH, FL / ACCESSWIRE / August 30, 2022 / Basanite, Inc. (OCTQB:BASA) ("Basanite" or the "Company") announces that it has entered into a Distributor Agreement with Basalt Fiber Products, LLC ...

2 years ago - Accesswire

Basanite Announces Approval from the Government of Bahamas for BFRP to Replace Steel in Concrete Reinforcement and Engagement of Basanite's First Distributor for The Bahamas

POMPANO BEACH, FL / ACCESSWIRE / August 25, 2022 / Basanite Industries, LLC (hereafter referred to as "Basanite") (OTCQB:BASA), a manufacturer of advanced composite products for use in reinforcing con...

2 years ago - Accesswire

Lisa Gainsborg Appointed Chief Financial Officer of Basanite, Inc.

POMPANO, FL / ACCESSWIRE / August 22, 2022 / Basanite Inc. , (OTCQB:BASA) ("Basanite" or the "Company"), a manufacturer of environmentally friendly, high-performance composite materials made from basa...

2 years ago - Accesswire

Basanite Inc. Welcomes Sergio S. Salani to its Board of Directors

POMPANO BEACH, FL / ACCESSWIRE / August 16, 2022 / Basanite, Inc. (OTCQB:BASA) (hereafter referred to as "Basanite" or the "Company") today announced that Sergio S. Salani has joined the Company's Boa...

2 years ago - Accesswire

Basanite To Host Technical Symposium on the Use of Basalt Fiber Technologies in Construction

Symposium to Feature Globally Recognized Industry Experts in Basalt Fiber and Construction Engineering POMPANO BEACH, FL / ACCESSWIRE / June 27, 2022 / Basanite Inc. (OTCQB:BASA) ("Basanite" or "the C...

3 years ago - Accesswire

Basanite Retains Construction Engineering Expert Fred Tingberg Jr. as Chief Technology Officer

POMPANO BEACH, FL / ACCESSWIRE / June 1, 2022 / Basanite Inc. (OTCQB:BASA) ("Basanite" or "the Company"), a manufacturer of environmentally friendly, high-performance composite construction materials ...

3 years ago - Accesswire

Village of Indian Creek is First in Miami-Dade County to Specify BasaFlex(TM) and BasaMesh(TM) Reinforcement Products for Underground Concrete Structures

Third announced specification for Basanite, Inc.'s products in 2022 as municipalities seek alternatives to steel reinforcement products POMPANO BEACH, FL / ACCESSWIRE / April 20, 2022 / Basanite, Inc....

3 years ago - Accesswire

Simon Kay Appointed Chief Executive Officer of Basanite, Inc.

POMPANO, FL / ACCESSWIRE / March 25, 2022 / Basanite Inc. , (OTCQB:BASA) ("Basanite" or the "Company"), a manufacturer of environmentally friendly, high-performance composite materials made from basal...

3 years ago - Accesswire

Basanite's BasaFlex(TM) and BasaMesh(TM) Reinforcement Products Approved to Replace Steel in Underground Concrete Structures for Broward County

City of Oakland Park To Mark First Installation in a Broward County Infrastructure Project POMPANO, FL / ACCESSWIRE / March 22, 2022 / Basanite Inc. (OTCQB:BASA) ("Basanite" or the "Company"), a manuf...

3 years ago - Accesswire