BANTEC INC (BANT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2024, filed Aug 19, 2024. Each column of the statement tables below links to the filing it was taken from.
BANTEC INC (BANT) reported $2.3M in revenue for fiscal year 2023, down 5.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Bantec's numbers show a shrinking, loss-making operation whose liabilities vastly exceed assets and whose cash gap has been filled by financing.
In FY2023, the net loss of$2.2M was much larger than operating cash flow of-$639K , indicating accounting losses included substantial noncash or timing effects. With free cash flow at-$641K and capital expenditures of only$2K , nearly all cash use came from operations rather than reinvestment.
Revenue was about
A current ratio below 0.1x means reported current assets were only a small fraction of near-term liabilities, while total liabilities reached
Financial Health Signals
BANTEC INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
BANTEC INC scores -131.53, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($53) relative to total liabilities ($17.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
BANTEC INC passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
BANTEC INC reported a net loss of $2.2M while operations used $639K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
BANTEC INC generated $751K in revenue in Q3 2024. This represents an increase of 27.2% from the same quarter a year earlier. Against the prior quarter it is down 2.7%.
BANTEC INC reported -$575K in net income in Q3 2024. This represents an increase of 10.6% from the same quarter a year earlier. Against the prior quarter it is up 39.2%.
Not reported for Q3 2024.
Cash & Balance Sheet
BANTEC INC recorded an outflow of $254K in free cash flow in Q3 2024, representing a cash shortfall after capex. Against the prior quarter it is down 767.8%.
BANTEC INC held $10K in cash as of Q3 2024; long-term debt is not reported for that period.
Not reported for Q3 2024.
Margins & Returns
BANTEC INC's gross margin was 14.3% in Q3 2024, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
BANTEC INC's operating margin was -50.7% in Q3 2024, reflecting core business profitability. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.
BANTEC INC's net profit margin was -76.5% in Q3 2024, showing the share of revenue converted to profit. No change is given against Q3 2023: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2024.
Capital Allocation
Not reported for Q3 2024.
Not reported for Q3 2024.
BANT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $751K+27.2% | $772K+23.8% | $956K+57.7% | $505K-46.5% | $590K-21.4% | $623K+68.5% | $606K+50.7% | $943K+142.7% |
| Cost of Revenue | $644K+31.4% | $675K+31.1% | $808K+58.1% | $429K-45.7% | $490K-22.1% | $515K+59.9% | $511K+66.4% | $790K+143.6% |
| Gross Profit | $108K+7.0% | $97K-10.7% | $148K+55.4% | $76K-50.6% | $101K-17.4% | $108K+126.1% | $95K+0.1% | $154K+138.2% |
| SG&A Expenses | $488K+22.9% | $511K+6.0% | $455K-11.6% | $492K-1.8% | $397K-16.8% | $481K-12.1% | $514K-21.4% | $501K-10.1% |
| Operating Income | -$381K-28.3% | -$414K-10.9% | -$307K+26.7% | -$418K-6.5% | -$297K+16.5% | -$373K+25.3% | -$419K+25.0% | -$392K+23.5% |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$390K+24.0% |
| Interest Expense | N/A | N/A | N/A | N/A | -$347K-44.0% | -$457K-47.8% | -$362K-23.2% | $855K-65.4% |
| Net Income | -$575K+10.6% | -$946K-13.9% | -$476K+39.1% | $30K+104.7% | -$643K-40.7% | -$831K-14.9% | -$782K+8.4% | -$640K+12.1% |
| EPS (Basic) | -$0.03+70.0% | -$0.10+23.1% | -$0.05+66.7% | $0.02 | -$0.10+16.7% | -$0.13 | -$0.15 | $0.00 |
| EPS (Diluted) | -$0.03 | -$0.10 | -$0.05 | $0.02 | -$0.10 | -$0.13 | -$0.15 | $0.00 |
| Diluted Shares (Avg) | 20M | 10M | 10M | N/A | 7M | 7M | 5M | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
BANT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $400K-26.4% | $605K+48.6% | $645K+95.2% | $496K-32.9% | $544K-35.1% | $407K-55.3% | $331K-72.8% | $739K-49.3% |
| Current Assets | $302K-24.7% | $496K+24.6% | $525K+70.3% | $367K-47.8% | $402K-36.5% | $398K-41.8% | $309K-68.4% | $704K-41.6% |
| Cash & Equivalents | $10K-77.2% | $45K+343.1% | $101K+6.6% | $35K-81.0% | $44K-82.0% | $10K-97.4% | $95K-87.9% | $186K-81.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $97K+76.0% | $235K+179.8% | $133K+43.7% | $178K+91.6% | $55K-46.5% | $84K-31.4% | $92K+33.0% | $93K+50.3% |
| Accounts Receivable | $156K-42.0% | $196K-34.4% | $291K+150.0% | $139K-67.0% | $268K-4.8% | $299K+76.7% | $117K-2.1% | $420K+227.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $19.6M+2.4% | $19.3M+5.3% | $18.4M+5.0% | $17.8M+2.5% | $19.2M+16.8% | $18.4M+12.8% | $17.5M+6.9% | $17.3M+6.6% |
| Current Liabilities | $10.1M-45.1% | $9.8M-43.7% | $8.9M-46.3% | $8.4M-49.4% | $18.5M+13.4% | $17.5M+9.2% | $16.7M+3.8% | $16.5M+3.7% |
| Non-Current Liabilities | $9.0M+3504.9% | $9.0M+5900.2% | $9.0M+6976.3% | $8.9M+6906.6% | $250K+92.4% | $150K-49.5% | $127K-60.9% | $128K-62.3% |
| Long-Term Debt | N/A | N/A | $8.7M | $8.7M | N/A | N/A | N/A | N/A |
| Total Equity | -$19.2M-3.3% | -$18.7M-4.3% | -$17.8M-3.2% | -$17.3M-4.1% | -$18.6M-19.6% | -$18.0M-16.8% | -$17.2M-13.3% | -$16.6M-12.0% |
| Retained Earnings | -$39.9M-5.2% | -$39.3M-5.5% | -$38.3M-5.3% | -$37.9M-6.2% | -$37.9M-8.3% | -$37.2M-7.8% | -$36.4M-7.7% | -$35.6M-8.1% |
Not reported in any period shown, so not listed: Goodwill.
BANT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$254K-59.5% | -$29K+84.4% | -$28K+78.9% | -$160K+60.5% | -$159K+37.7% | -$187K+70.5% | -$134K+61.8% | -$404K+39.4% |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2K |
| Stock-Based Compensation | N/A | N/A | $215 | N/A | N/A | N/A | $0-100.0% | N/A |
| Capital Expenditures | $0 | $0 | $2K | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$254K | -$29K | -$30K | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0 | -$2K | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $219K+13.5% | -$27K-126.4% | $95K+127.0% | $153K-56.0% | $193K+74.3% | $102K-57.6% | $42K-71.1% | $347K-77.9% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
BANT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.3%-2.7pp | 12.5%-4.8pp | 15.4%-0.2pp | 15.0%-1.2pp | 17.0%+0.8pp | 17.4%+4.4pp | 15.7%-7.9pp | 16.3%-0.3pp |
| Operating Margin | -50.7%-0.4pp | -53.6%+6.3pp | -32.1%+37.0pp | -82.7%-41.2pp | -50.3%-2.9pp | -59.9% | -69.2% | -41.6% |
| Net Margin | -76.5% | -122.6% | -49.8% | 6.0%+73.9pp | -109.0% | -133.3% | -129.0% | -67.9% |
| Return on Assets | -143.7%-25.3pp | -156.4%+47.7pp | -73.8%+162.7pp | 6.1%+92.8pp | -118.3%-63.8pp | -204.1%-124.7pp | -236.5%-166.3pp | -86.7%-36.6pp |
| Current Ratio | 0.030.0x | 0.050.0x | 0.060.0x | 0.040.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.040.0x |
| Asset Turnover | 1.88+0.8x | 1.28-0.3x | 1.48-0.4x | 1.02-0.3x | 1.09+0.2x | 1.53+1.1x | 1.83+1.5x | 1.28+1.0x |
| FCF Margin | -33.8% | -3.8% | -3.1% | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Note: Shareholder equity is negative (-$17.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BANTEC INC BANT | FY2023 | $2.3M | -$2.2M | -95.7% | $53 | — |
| DUKE Robotics Corp. DUKR | FY2025 | $377K | -$1.2M | N/A | $18.2M | — |
| BELISS CORP BLIS | FY2026 | $1.4M | -$2.9M | N/A | $4.5M | — |
Where BANTEC INC Ranks
Frequently Asked Questions
What is BANTEC INC's annual revenue?
BANTEC INC (BANT) reported $2.3M in total revenue for fiscal year 2023. This represents a -5.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is BANTEC INC's revenue growing?
BANTEC INC (BANT) revenue declined by 5.8% year-over-year, from $2.5M to $2.3M in fiscal year 2023.
Is BANTEC INC profitable?
No, BANTEC INC (BANT) reported a net income of -$2.2M in fiscal year 2023, with a net profit margin of -95.7%.
What is BANTEC INC's EBITDA?
BANTEC INC (BANT) had EBITDA of -$1.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does BANTEC INC have?
As of fiscal year 2023, BANTEC INC (BANT) had $35K in cash and equivalents against $8.7M in long-term debt.
What is BANTEC INC's gross margin?
BANTEC INC (BANT) had a gross margin of 16.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is BANTEC INC's operating margin?
BANTEC INC (BANT) had an operating margin of -64.8% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is BANTEC INC's net profit margin?
BANTEC INC (BANT) had a net profit margin of -95.7% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is BANTEC INC's free cash flow?
BANTEC INC (BANT) recorded an outflow of $641K in free cash flow during fiscal year 2023. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is BANTEC INC's operating cash flow?
BANTEC INC (BANT) recorded an outflow of $639K in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are BANTEC INC's total assets?
BANTEC INC (BANT) had $496K in total assets as of fiscal year 2023, including both current and long-term assets.
What are BANTEC INC's capital expenditures?
BANTEC INC (BANT) invested $2K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is BANTEC INC's current ratio?
BANTEC INC (BANT) had a current ratio of 0.04 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is BANTEC INC's return on assets (ROA)?
BANTEC INC (BANT) had a return on assets of -448.7% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is BANTEC INC's P/E ratio?
BANTEC INC (BANT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2024). The market capitalization is $53 as of Sep 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BANTEC INC's price-to-sales ratio?
BANTEC INC (BANT) trades at 0.0x sales, its market capitalization divided by revenue of $3.0M revenue, trailing 12 months to June 30, 2024. The market capitalization is $53 as of Sep 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does BANTEC INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, BANTEC INC (BANT) held $35K in cash, cash equivalents and investments, and reported an operating cash outflow of $639K over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is BANTEC INC's debt-to-equity ratio negative or not reported?
BANTEC INC (BANT) has negative shareholder equity of -$17.3M as of fiscal year 2023, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is BANTEC INC's Altman Z-Score?
BANTEC INC (BANT) has an Altman Z-Score of -131.53, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is BANTEC INC's Piotroski F-Score?
BANTEC INC (BANT) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are BANTEC INC's earnings high quality?
BANTEC INC (BANT) reported a net loss of $2.2M while operations used $639K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.