Bantec, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2023
March 13, 2024 at 11:23 pm IST
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Bantec, Inc. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was USD 0.955734 million compared to USD 0.606166 million a year ago. Net loss was USD 0.47638 million compared to USD 0.781675 million a year ago.
Basic loss per share from continuing operations was USD 0.05 compared to USD 0.15 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.
BANTEC, INC. 
