Bantec, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2021
February 12, 2022 at 12:36 am IST
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Bantec, Inc. reported earnings results for the first quarter ended December 31, 2021. For the first quarter, the company reported sales was USD 0.402117 million compared to USD 0.747008 million a year ago. Net loss was USD 0.852972 million compared to net income of USD 0.020546 million a year ago.
Bantec, Inc. is a product and service company targeting the United States government, state governments, municipalities, hospitals, universities, manufacturers and other building owners. The Company provides product procurement, distribution, and logistics services through its wholly owned subsidiary, Howco Distributing Co. (Howco) to the United States department of defense and defense logistics agency. The Company, through Bantec Sanitizing, offers sanitizing products and equipment through its new store bantec.store. The Company sells drones and related products manufactured by third parties to various parties, primarily local government entities. Its drone programs constitute selling its customers drones, drone accessories, accident reconstruction software, drone training, drone services, counter-drone technology, certificates of authorization (COAs) and Waivers. The Company has operations based in Sparta, New Jersey and Vancouver, Washington.