Basanite, Inc. (BASA)
| Market Cap | 6.15M -44.6% |
| Revenue (ttm) | 293.01K +9.5% |
| Net Income | -2.02M |
| EPS | -0.01 |
| Shares Out | 267.56M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 89,600 |
| Open | 0.02626 |
| Previous Close | 0.0241 |
| Day's Range | 0.0230 - 0.0295 |
| 52-Week Range | 0.0058 - 0.0679 |
| Beta | -0.09 |
| Analysts | n/a |
| Price Target | n/a |
| Est. Earnings | Nov 18, 2026 |
About Basanite
Basanite, Inc., through its subsidiary, Basanite Industries, LLC, manufactures and sells basalt fiber reinforced polymer (BFRP) reinforcing bar products for the construction industry worldwide. It provides BasaFlex, a BFRP reinforcing bar; BasaMix, which are fine denier basalt fibers; and BasaMesh, a line of basalt geogrid mesh rolls to replace welded wire mesh. The company’s BFRP products are used for concrete reinforcement and steel reinforcement, as well as a replacement for other FRP rebar and industry established fiber products. It sells i... [Read more]
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 StatementsNews
BASANITE INC. SIGNS TERM SHEET WITH EASTMAN MINERALS FOR PROPOSED $2 MILLION INVESTMENT IN SOMALILAND GOLD PROCESSING PROJECT
The Somali American Minerals Company Advances $400,000 Bridge Deposit; Company Targets Closing Within 30 Days NEW HAVEN, Conn., June 30, 2026 /PRNewswire/ -- Basanite Inc. (OTCQB: BASA) ("Basanite" or...
Basanite Industries, Inc. Provides Corporate Update
BRANFORD, Conn. , Sept. 2, 2025 /PRNewswire/ -- Basanite Industries, Inc. (OCTQB: BASA) today announced a corporate update to notify shareholders of recent events, the current status of its business a...
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.
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.
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...
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.
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 ...
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 ...
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...
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...
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...
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...
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 ...
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....
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...
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...