Company profile

Ticker
BANT
Exchange
CEO
Michael Bannon
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Bantek Inc., Drone USA Inc.
SEC CIK

BANT stock data

(
)

Calendar

26 Jun 20
2 Jul 20
30 Sep 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 1.06M 1.42M 1.7M 2.18M
Net income -854.22K -666.84K -3.38M -1.65M
Diluted EPS -0.22 -0.2 -2.72 -0
Net profit margin -80.87% -46.89% -199% -75.81%
Operating income -461.76K -481.68K -3.27M -1.19M
Net change in cash 30.22K 12.88K 107.9K -52.81K
Cash on hand 192.93K 162.71K 149.83K 41.93K
Cost of revenue 778.46K 1.19M 1.45M 2M
Annual (USD) Sep 19 Sep 18 Sep 17 Sep 16
Revenue 10.29M 18.39M 24.59M 1.12M
Net income -7.12M -5.77M -7.83M -5.95M
Diluted EPS -2.72 -35.53 -0.18 -0.15
Net profit margin -69.17% -31.40% -31.83% -531%
Operating income -5.62M -2.06M -5.59M -6.26M
Net change in cash 41.39K -44.05K -478.53K
Cash on hand 149.83K 108.45K 152.49K 631.02K
Cost of revenue 9.19M 16.77M 22.96M 1.07M

Financial data from Bantek earnings reports

Financial report summary

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Management Discussion
  • We generated sales of $1,056,347 and $2,659,917 for the three months ended March 31, 2020 and 2019, respectively, a decrease of $1,603,570, or 60%. For the three months ended March 31, 2020 and 2019, we reported cost of goods sold of $778,464 and $2,372,555, respectively, a decrease of $1,597,091, or 67%. The decrease in sales and cost of goods sold for the 2020 period as compared to the 2019 period is due to lower sales in current period due to liquidity issues and to lesser extent by our efforts to increase gross margins by reducing sales of lower margin products. While management’s focus on increasing gross margins has impacted sales levels, we believe that the Company is situated to capture greater sales without incurring significant fixed costs through three initiatives. Efforts are underway to market an expanded suite of Howco product lines on the east coast. We are expanding product offerings with high tech tactical gear to regular federal government entities (Howco lines of business), adding the high tech tactical gear to our traditional drone assemblies along with newer more rapidly deployed drones focused on municipalities and lastly we are adding constructioncontracting services.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: accelerated, capitalization, noted, operational, rendered, revalued, threshold, unit