Basanite, Inc. (BASA)
PNK · Basic Materials · Building Materials
Closing price as of 2026-06-12 · Source: TEK2day Finance
Key Metrics
About Basanite, Inc.
Basanite, Inc., through its subsidiary, Basanite Industries, LLC, manufactures and sells basalt fiber reinforced polymer (BFRP) reinforcing bar products for the construction industry worldwide. It provides BasaFlex, a BFRP reinforcing bar; BasaMix, which are fine denier basalt fibers; and BasaMesh, a line of basalt geogrid mesh rolls to replace welded wire mesh. The company's BFRP products are used for concrete reinforcement and steel reinforcement, as well as a replacement for other FRP rebar and industry established fiber products. It sells its products through third-party distribution partners. 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 based in Pompano Beach, Florida.
Quarterly Financials
| Metric | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 |
|---|---|---|---|---|
| Revenue | 226K | 28K | 38K | 2K |
| Gross Profit | 119K | 13K | 14K | -108K |
| Operating Income | -440K | -189K | -472K | -284K |
| Net Income | -644K | -439K | -728K | -207K |
| Diluted EPS | $nan | $-0.02 | $0.00 | $0.00 |
Annual Financials
| Metric | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 193K | 1.4M | 376K | 435K |
| Gross Profit | -1.8M | -670K | 128K | 263K |
| Operating Income | -9.8M | -4.3M | -1.6M | -805K |
| Net Income | -16.5M | -5.0M | -2.2M | -1.7M |
| Diluted EPS | $-0.07 | $-0.03 | $-0.01 | $-0.01 |