Bantec, Inc. is a product and service company targeting the U.S. Government, state governments, municipalities, hospitals, universities, manufacturers and other building owners. Bantec also provides product procurement, distribution, and logistics services through its wholly-owned subsidiary, Howco Distributing Co., (“Howco”) (collectively, the “Company”) to the United States Department of Defense and Defense Logistics Agency. The Company established Bantec Sanitizing in fiscal 2021, which offers sanitizing products and equipment through its new store bantec.store. The Company has operations based in Little Falls, New Jersey and Vancouver, Washington. The Company continues to seek strategic acquisitions and partnerships that offer us an opportunity to grow sales and profit.
Company profile
Ticker
BANT
Exchange
Website
CEO
Michael Bannon
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Bantek Inc., Drone USA Inc.
SEC CIK
BANT stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
12 Jan 23
NT 10-K
Notice of late annual filing
28 Dec 22
PRE 14C
Preliminary information
15 Dec 22
EFFECT
Notice of effectiveness
30 Sep 22
CORRESP
Correspondence with SEC
28 Sep 22
UPLOAD
Letter from SEC
22 Sep 22
S-1
IPO registration
16 Sep 22
10-Q
2022 Q3
Quarterly report
15 Aug 22
8-K
Entry into a Material Definitive Agreement
26 Jul 22
Latest ownership filings
SC 13G/A
Trillium Partners LP/CT
6 Oct 22
144
Notice of proposed sale of securities
26 Oct 21
144
Notice of proposed sale of securities
25 May 21
SC 13G
Maple Leaf Capital Management LLC
9 Mar 21
SC 13G/A
Bantek Inc.
8 Nov 19
SC 13G
Bantek Inc.
19 Jun 19
SC 13G
Drone USA Inc.
25 Jul 18
4
Michael John Bannon
22 May 18
4
Michael John Bannon
5 Dec 17
3
Rodrigo Rangel Kuntz
17 Jul 17
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Sep 22 | Sep 21 | Sep 20 | Sep 19 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 186.39 k | 186.39 k | 186.39 k | 186.39 k | 186.39 k | 186.39 k |
| Cash burn (monthly) | 18.91 k | 66.63 k | 213.47 k | 222.78 k | 134.54 k | 137.01 k |
| Cash used (since last report) | 78.00 k | 274.80 k | 880.41 k | 918.80 k | 554.89 k | 565.07 k |
| Cash remaining | 108.38 k | -88.42 k | -694.03 k | -732.42 k | -368.50 k | -378.69 k |
| Runway (months of cash) | 5.7 | -1.3 | -3.3 | -3.3 | -2.7 | -2.8 |
Institutional ownership, Q2 2022
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 0.00 |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|