Bantec, Inc. is a product and service company targeting the U.S. Government, state governments, municipalities, hospitals, universities, manufacturers and other building owners. Bantec also provides product procurement, distribution, and logistics services through its wholly-owned subsidiary, Howco Distributing Co., (“Howco”) (collectively, the “Company”) to the United States Department of Defense and Defense Logistics Agency. The Company established Bantec Sanitizing in fiscal 2021, which offers sanitizing products and equipment through its new store bantec.store. The Company has operations based in Little Falls, New Jersey and Vancouver, Washington. The Company continues to seek strategic acquisitions and partnerships that offer us an opportunity to grow sales and profit.
Company profile
Ticker
BANT
Exchange
Website
CEO
Michael Bannon
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Bantek Inc., Drone USA Inc.
SEC CIK
BANT stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
13 Mar 24
NT 10-Q
Notice of late quarterly filing
14 Feb 24
10-K
2023 FY
Annual report
5 Feb 24
NT 10-K
Notice of late annual filing
26 Dec 23
8-K
Entry into a Material Definitive Agreement
20 Dec 23
EFFECT
Notice of effectiveness
4 Dec 23
S-1/A
IPO registration (amended)
29 Nov 23
CORRESP
Correspondence with SEC
29 Nov 23
CORRESP
Correspondence with SEC
29 Nov 23
CORRESP
Correspondence with SEC
29 Nov 23
Latest ownership filings
SC 13G/A
Trillium Partners LP/CT
6 Oct 22
144
Notice of proposed sale of securities
26 Oct 21
144
Notice of proposed sale of securities
25 May 21
SC 13G
Maple Leaf Capital Management LLC
9 Mar 21
SC 13G/A
Bantek Inc.
8 Nov 19
SC 13G
Bantek Inc.
19 Jun 19
SC 13G
Drone USA Inc.
25 Jul 18
4
Michael John Bannon
22 May 18
4
Michael John Bannon
5 Dec 17
3
Michael John Bannon
17 Jul 17
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Sep 22 | Sep 21 | Sep 20 | Sep 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 43.77 k | 43.77 k | 43.77 k | 43.77 k | 43.77 k | 43.77 k |
Cash burn (monthly) | (no burn) | 16.61 k | 214.46 k | 241.34 k | 53.03 k | 73.62 k |
Cash used (since last report) | n/a | 148.74 k | 1.92 mm | 2.16 mm | 474.75 k | 659.13 k |
Cash remaining | n/a | -104.97 k | -1.88 mm | -2.12 mm | -430.98 k | -615.36 k |
Runway (months of cash) | n/a | -6.3 | -8.7 | -8.8 | -8.1 | -8.4 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|