Basanite (BASA) AI Stock Analysis

• Market Cap: $7.65M
• Dividend Yield: N/A
• Average Volume (3M): 112.53K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.28
• Revenue Growth: 9.49%
• EPS Growth: -20.31%
• Country: US
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 267,560,850
• 10 Day Avg. Volume: 127,848
• 30 Day Avg. Volume: 112,533
• PEG Ratio: 0.42
• Price to Book (P/B): -1.77
• Price to Sales (P/S): 35.91
• P/FCF Ratio: -38.92
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 27 Underperform
• Price Target: ―

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.

Positive Factors

Revenue Growth

Basanite's strong revenue growth indicates increasing demand for its eco-friendly construction materials, supporting long-term market expansion.

Product Innovation

Basanite's focus on innovative BFRP materials positions it as a leader in sustainable construction, offering a competitive edge over traditional materials.

Market Demand

Growing interest in sustainable construction materials supports Basanite's business model, potentially leading to increased sales and market share.

Negative Factors

Financial Instability

Basanite's financial instability, marked by high leverage and negative cash flows, poses risks to its ability to sustain operations long-term.

Negative Cash Flow

Persistent negative cash flows indicate reliance on external financing, threatening liquidity and operational sustainability over time.

High Debt Levels

Basanite's high debt levels and negative equity suggest financial distress, limiting its ability to invest in growth and innovation.

Basanite Business Overview & Revenue Model

Company Description

Basanite, Inc. engages in the basalt fiber reinforced polymer (FRP) business worldwide. It produces basalt FRP products that are used as replacement for other FRP rebar and industry fiber products, as wells as steel reinforcement. The company was formerly known as PayMeOn, Inc. and changed its name to Basanite, Inc. in December 2018. Basanite, Inc. was founded in 2006 and is headquartered in Oakland Park, Florida.

How the Company Makes Money

Basanite makes money primarily through the sale of its Basalt fiber reinforced polymer (BFRP) products to construction companies, infrastructure developers, and other entities involved in building and civil engineering projects. The company's revenue streams are driven by the increasing demand for eco-friendly and long-lasting construction materials, as well as the growing interest in innovative technologies that replace conventional steel reinforcements. Significant factors contributing to Basanite's earnings include strategic partnerships with construction firms and ongoing research and development efforts to enhance product offerings and maintain a competitive edge in the market.

Basanite Financial Statement Overview

Summary

Basanite is facing severe financial difficulties with negative profitability metrics, high leverage, and negative cash flows, posing significant risks to its financial health and sustainability.

Income Statement

Basanite shows significant negative profitability metrics with consistently negative net income and EBIT margins. The company has not generated positive gross profit in recent years, indicating severe operational challenges. Revenue growth cannot be assessed due to missing data for the latest period, but previous data indicates volatility.

Balance Sheet

The company's balance sheet is highly leveraged, with a negative stockholders' equity position, indicating insolvency risk. The debt-to-equity ratio is extremely high, highlighting financial instability. Return on equity is irrelevant due to negative equity, and the equity ratio reflects a lack of asset backing from equity.

Cash Flow

Basanite's cash flow situation is concerning, with negative operating and free cash flows indicating unsustainable operational funding. The operating cash flow to net income ratio is negative, reflecting inefficiency in converting net income into cash. The company is reliant on financing activities to sustain operations, posing a liquidity risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	293.01K	434.73K	376.10K	1.36M	193.19K	7.16K
Gross Profit	38.21K	262.53K	127.78K	-1.07M	-1.78M	2.67K
EBITDA	-897.03K	-627.20K	-1.38M	-4.03M	-15.58M	-2.30M
Net Income	-2.02M	-1.73M	-2.17M	-4.97M	-16.48M	-3.54M
Balance Sheet
Total Assets	125.24K	265.71K	554.66K	4.77M	5.21M	2.85M
Cash, Cash Equivalents and Short-Term Investments	0.00	82.22K	55.25K	30.34K	109.51K	259.50K
Total Debt	2.41M	4.59M	4.22M	3.20M	3.28M	2.26M
Total Liabilities	10.08M	9.09M	7.67M	8.57M	5.03M	3.55M
Stockholders Equity	-9.96M	-8.83M	-7.11M	-6.41M	181.76K	-704.06K
Cash Flow
Free Cash Flow	-657.41K	-401.03K	-1.06M	-6.85M	-6.85M	-3.14M
Operating Cash Flow	-657.41K	-401.03K	-1.06M	-4.51M	-4.51M	-2.80M
Investing Cash Flow	0.00	0.00	0.00	-2.35M	-2.35M	-339.59K
Financing Cash Flow	655.09K	428.00K	1.08M	2.48M	6.70M	3.27M

Basanite Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CPAC	79 Outperform	$605.00M	9.43	16.04%	8.22%	9.24%	24.01%
CX	78 Outperform	$16.24B	11.60	7.10%	0.80%	-6.34%	210.97%
SMID	67 Neutral	$176.96M	15.06	25.46%	―	16.37%	81.03%
USLM	63 Neutral	$3.35B	25.73	24.29%	0.20%	20.27%	31.94%
LOMA	63 Neutral	$1.53B	39.00	5.06%	―	-33.99%	-61.41%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BASA	27 Underperform	$7.65M	―	―	―	9.49%	-20.31%