Basanite ( (BASA) ) has released a notification of late filing.
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Basanite, Inc. has filed a Form 12b-25 to notify the delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The primary reason for the delay is the company’s limited number of full-time accounting and finance employees, which has necessitated additional time to compile and process the necessary information. Basanite anticipates filing the delayed report within the five-day extension period allowed by the SEC. The company does not expect any significant changes in its financial results compared to the same period last year. The notification was signed by Jacqueline Placeres, the Interim Chief Financial Officer, who assured ongoing compliance efforts.
Spark’s Take on BASA Stock
According to Spark, TipRanks’ AI Analyst, BASA is a Underperform.
Basanite’s overall stock score is low due to severe financial difficulties and unattractive valuation, despite a positive market reaction post-earnings. The technical indicators suggest bearish trends, further impacting the score negatively.
To see Spark’s full report on BASA stock, click here.
More about Basanite
Average Trading Volume: 97,079
Technical Sentiment Signal: Buy
Current Market Cap: $8.73M
For detailed information about BASA stock, go to TipRanks’ Stock Analysis page.