📊 BASA Key Takeaways
Investment Thesis
Basanite is in severe financial distress with negative stockholders' equity of -$10.0M, indicating the company is technically insolvent. The company generated only $67.5K in revenue while burning cash at -$765.4K free cash flow, with massive operating losses of -$944.3K and a net loss of -$1.4M. Without immediate capital restructuring or dramatic revenue growth, the company faces critical viability concerns.
BASA Strengths
- Minimal long-term debt of only $50.0K limits debt servicing obligations
- Some capital expenditure activity ($178.1K) suggests limited operational attempts
- Company is still reporting some revenue generation despite losses
BASA Risks
- Negative stockholders' equity of -$10.0M indicates technical insolvency and balance sheet is underwater
- Massive cash burn with negative free cash flow of -$765.4K and zero cash reserves
- Extreme operating losses with -1399.8% operating margin and -2036.1% net margin unsustainable
- Liabilities ($10.1M) exceed assets ($125.2K) by 80x, indicating high bankruptcy risk
- Zero insider activity and no liquidity metrics (0.00x current/quick ratios) signal liquidity crisis
- Negative operating cash flow of -$587.3K demonstrates inability to fund operations
Key Metrics to Watch
- Stockholders' equity trajectory and debt restructuring outcomes
- Quarterly revenue trends and path to profitability
- Cash burn rate and months of runway remaining
- Working capital position and ability to meet short-term obligations
BASA Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BASA Profitability Ratios
BASA vs Default Sector
How BASANITE, INC. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BASA Balance Sheet & Liquidity
BASA 5-Year Financial Trend
5-Year Trend Summary: BASANITE, INC.'s revenue has grown significantly by 189% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.01 indicates the company is currently unprofitable.
BASA Growth Metrics (YoY)
BASA Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.5K | -$206.5K | $0.00 |
| Q2 2025 | $38.0K | -$423.2K | $0.00 |
| Q1 2025 | $28.0K | -$288.0K | $0.00 |
| Q3 2019 | $994 | -$886.0K | N/A |
| Q2 2019 | $2.9K | -$696.6K | N/A |
| Q1 2019 | $78.3K | -$687.7K | N/A |
| Q3 2018 | $2.2K | -$635.0K | N/A |
| Q2 2018 | $5.9K | -$472.0K | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BASA Capital Allocation
BASA SEC Filings
Access official SEC EDGAR filings for BASANITE, INC. (CIK: 0001448705)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BASA
What is the AI rating for BASA?
BASANITE, INC. (BASA) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BASA's key strengths?
Minimal long-term debt of only $50.0K limits debt servicing obligations. Some capital expenditure activity ($178.1K) suggests limited operational attempts.
What are the risks of investing in BASA?
Negative stockholders' equity of -$10.0M indicates technical insolvency and balance sheet is underwater. Massive cash burn with negative free cash flow of -$765.4K and zero cash reserves.
What is BASA's revenue and growth?
BASANITE, INC. reported revenue of $67.5K.
Does BASA pay dividends?
BASANITE, INC. does not currently pay dividends.
Where can I find BASA SEC filings?
Official SEC filings for BASANITE, INC. (CIK: 0001448705) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BASA's EPS?
BASANITE, INC. has a diluted EPS of $0.00.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.