Company profile

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

BANT stock data

(
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Calendar

14 Aug 20
25 Oct 20
30 Sep 21

News

Quarter (USD) Jun 20 Mar 20 Dec 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Bantec earnings reports.

Financial report summary

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Management Discussion
  • We generated sales of $1,144,893 and $2,176,773 for the three months ended June 30, 2020 and 2019, respectively, a decrease of $1,031,880, or 47%. For the three months ended June 30, 2020 and 2019, we reported cost of goods sold of $831,922 and $1,995,511, respectively, a decrease of 1,163,589, or 59%. 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 by our efforts to increase gross margins by reducing sales of lower margin products. Gross margins improved from 8.3% to 27.3% due to a new packaging line of business. 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.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: affiliate, arose, building, deferral, discovery, forgiven, forward, growth, Lexington, packaging, Paycheck, roll, slightly, straight, submission, subscription, targeting, Tirado, trial, valid
Removed: asinterest, complementary, component, FASBFair, implemented, infrastructure, initiating, leaving, marketing, minimal, pending, rollforward, specifically, testing