Bantec Financials
This page shows Bantec (BANT) financial statements, including the 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 operating model is asset-light but financing-dependent, with recurring losses sustained more by liabilities than by gross profit.
By FY2023, operating cash burn improved to-$639K from roughly-$1.6M in FY2022. Free cash flow was nearly the same because capex was only$2K , showing the cash drain comes from the operating shortfall rather than from maintaining a heavy asset base; this business needs little reinvestment, but its core economics still do not fund overhead.
The swing in gross margin from
The company’s liquidity posture is extremely tight: year-end cash was just
Financial Health Signals
We are recalculating Bantec's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Bantec 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 passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Bantec generates $0.29 in operating cash flow (-$639K OCF vs -$2.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Bantec generated $2.3M in revenue in fiscal year 2023. This represents a decrease of 5.8% from the prior year.
Bantec's EBITDA was -$1.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.3% from the prior year.
Bantec reported -$2.2M in net income in fiscal year 2023. This represents an increase of 16.8% from the prior year.
Bantec earned $-0.36 per diluted share (EPS) in fiscal year 2023. This represents an increase of 62.1% from the prior year.
Cash & Balance Sheet
Bantec generated -$641K in free cash flow in fiscal year 2023, representing cash available after capex.
Bantec held $35K in cash against $8.7M in long-term debt as of fiscal year 2023.
Bantec had 7M shares outstanding in fiscal year 2023. This represents an increase of 58.7% from the prior year.
Margins & Returns
Bantec's gross margin was 16.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.
Bantec's operating margin was -64.8% in fiscal year 2023, reflecting core business profitability. This is up 8.4 percentage points from the prior year.
Bantec's net profit margin was -95.7% in fiscal year 2023, showing the share of revenue converted to profit. This is up 12.7 percentage points from the prior year.
Capital Allocation
Bantec invested $2K in capex in fiscal year 2023, funding long-term assets and infrastructure.
BANT Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $751K-2.7% | $772K-19.3% | $956K+89.4% | $505K-14.5% | $590K-5.3% | $623K+2.8% | $606K-35.7% | $943K |
| Cost of Revenue | $644K-4.7% | $675K-16.5% | $808K+88.5% | $429K-12.5% | $490K-4.9% | $515K+0.7% | $511K-35.3% | $790K |
| Gross Profit | $108K+11.2% | $97K-34.5% | $148K+94.4% | $76K-24.5% | $101K-7.1% | $108K+13.9% | $95K-38.2% | $154K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $488K-4.3% | $511K+12.3% | $455K-7.6% | $492K+23.8% | $397K-17.5% | $481K-6.4% | $514K+2.6% | $501K |
| Operating Income | -$381K+8.0% | -$414K-34.7% | -$307K+26.4% | -$418K-40.6% | -$297K+20.5% | -$373K+11.0% | -$419K-6.9% | -$392K |
| Interest Expense | N/A | N/A | N/A | N/A | -$347K+24.2% | -$457K-26.2% | -$362K-142.4% | $855K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$575K+39.2% | -$946K-98.6% | -$476K-1667.5% | $30K+104.7% | -$643K+22.5% | -$831K-6.3% | -$782K-22.1% | -$640K |
| EPS (Diluted) | $-0.03 | $-0.10-100.0% | $-0.05 | N/A | $-0.10 | $-0.13+13.3% | $-0.15 | N/A |
BANT Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $400K-33.9% | $605K-6.3% | $645K+30.1% | $496K-8.8% | $544K+33.6% | $407K+23.1% | $331K-55.3% | $739K |
| Current Assets | $302K-39.0% | $496K-5.6% | $525K+43.1% | $367K-8.6% | $402K+0.9% | $398K+29.0% | $309K-56.2% | $704K |
| Cash & Equivalents | $10K-77.8% | $45K-55.6% | $101K+185.6% | $35K-19.0% | $44K+331.3% | $10K-89.3% | $95K-49.1% | $186K |
| Inventory | $97K-58.7% | $235K+76.7% | $133K-25.4% | $178K+223.0% | $55K-34.3% | $84K-9.2% | $92K-0.6% | $93K |
| Accounts Receivable | $156K-20.7% | $196K-32.7% | $291K+110.2% | $139K-48.3% | $268K-10.4% | $299K+156.9% | $117K-72.2% | $420K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $19.6M+1.6% | $19.3M+5.1% | $18.4M+3.6% | $17.8M-7.5% | $19.2M+4.4% | $18.4M+4.8% | $17.5M+1.2% | $17.3M |
| Current Liabilities | $10.1M+3.0% | $9.8M+9.9% | $8.9M+7.1% | $8.4M-54.8% | $18.5M+5.8% | $17.5M+4.7% | $16.7M+1.0% | $16.5M |
| Long-Term Debt | N/A | N/A | $8.7M+0.5% | $8.7M | N/A | N/A | N/A | N/A |
| Total Equity | -$19.2M-2.7% | -$18.7M-5.5% | -$17.8M-2.9% | -$17.3M+7.4% | -$18.6M-3.8% | -$18.0M-4.5% | -$17.2M-3.7% | -$16.6M |
| Retained Earnings | -$39.9M-1.5% | -$39.3M-2.5% | -$38.3M-1.3% | -$37.9M+0.1% | -$37.9M-1.7% | -$37.2M-2.3% | -$36.4M-2.2% | -$35.6M |
BANT Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$254K-767.8% | -$29K-3.9% | -$28K+82.4% | -$160K-0.3% | -$159K+15.0% | -$187K-40.2% | -$134K+66.9% | -$404K |
| Capital Expenditures | $0 | $0-100.0% | $2K | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$254K-767.8% | -$29K+1.5% | -$30K | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0+100.0% | -$2K | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $219K+909.7% | -$27K-128.3% | $95K-37.5% | $153K-20.7% | $193K+88.1% | $102K+143.6% | $42K-87.9% | $347K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BANT Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.3%+1.8pp | 12.5%-2.9pp | 15.4%+0.4pp | 15.0%-2.0pp | 17.0%-0.3pp | 17.4%+1.7pp | 15.7%-0.6pp | 16.3% |
| Operating Margin | -50.7%+2.9pp | -53.6%-21.5pp | -32.1%+50.6pp | -82.7%-32.4pp | -50.3%+9.6pp | -59.9%+9.3pp | -69.2%-27.6pp | -41.6% |
| Net Margin | -76.5%+46.1pp | -122.6%-72.8pp | -49.8%-55.9pp | 6.0%+115.0pp | -109.0%+24.3pp | -133.3%-4.4pp | -129.0%-61.1pp | -67.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -143.7%+12.8pp | -156.4%-82.6pp | -73.8%-80.0pp | 6.1%+124.5pp | -118.3%+85.8pp | -204.1%+32.4pp | -236.5%-149.8pp | -86.7% |
| Current Ratio | 0.03-0.0 | 0.050.0 | 0.06+0.0 | 0.04+0.0 | 0.020.0 | 0.020.0 | 0.02-0.0 | 0.04 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | -33.8%-30.0pp | -3.8%-0.7pp | -3.1% | N/A | N/A | N/A | N/A | N/A |
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.
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Frequently Asked Questions
What is Bantec's annual revenue?
Bantec (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's revenue growing?
Bantec (BANT) revenue declined by 5.8% year-over-year, from $2.5M to $2.3M in fiscal year 2023.
Is Bantec profitable?
No, Bantec (BANT) reported a net income of -$2.2M in fiscal year 2023, with a net profit margin of -95.7%.
What is Bantec's EBITDA?
Bantec (BANT) had EBITDA of -$1.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bantec have?
As of fiscal year 2023, Bantec (BANT) had $35K in cash and equivalents against $8.7M in long-term debt.
What is Bantec's gross margin?
Bantec (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's operating margin?
Bantec (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's net profit margin?
Bantec (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's free cash flow?
Bantec (BANT) generated -$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's operating cash flow?
Bantec (BANT) generated -$639K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Bantec's total assets?
Bantec (BANT) had $496K in total assets as of fiscal year 2023, including both current and long-term assets.
What are Bantec's capital expenditures?
Bantec (BANT) invested $2K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is Bantec's current ratio?
Bantec (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's return on assets (ROA)?
Bantec (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's cash runway?
Based on fiscal year 2023 data, Bantec (BANT) had $35K in cash against an annual operating cash burn of $639K. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Bantec's debt-to-equity ratio negative or not reported?
Bantec (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's Altman Z-Score?
Bantec (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's Piotroski F-Score?
Bantec (BANT) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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's earnings high quality?
Bantec (BANT) has an earnings quality ratio of 0.29x, considered low quality (accrual-driven). 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.