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Bantec Inc   (BANT)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 
Price: $0.0053 $0.00 -22.059%
Day's High: $0.008 Week Perf: -37.65 %
Day's Low: $ 0.01 30 Day Perf: -36.9 %
Volume (M): 1,896 52 Wk High: $ 0.08
Volume (M$): $ 10 52 Wk Avg: $0.02
Open: $0.01 52 Wk Low: $0.00



 Market Capitalization (Millions $) 0
 Shares Outstanding (Millions) 7
 Employees -
 Revenues (TTM) (Millions $) 2
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Bantec Inc
Bantec Inc is a technology company that specializes in providing comprehensive and customized IT solutions to businesses. They offer a wide range of services, including software development, system integration, data management, and IT consulting. With a team of highly skilled professionals, Bantec Inc works closely with clients to understand their specific needs and provide innovative solutions that drive productivity and efficiency. Their commitment to delivering top-quality products and exceptional customer service has earned them a strong reputation in the industry.


   Company Address: 37 Main Street Sparta 7871 NJ
   Company Phone Number: 220-2296   Stock Exchange / Ticker: BANT
   


   

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Bantec Inc

Revolutionary Technologies Propels Bantec Inc to a Spectacular Third Quarter Performance in 2023

Bantec Inc: Bullish Outlook Despite Weak Q2 Results
Bantec Inc, a leading player in the technology industry, recently reported its financial results for the second quarter of 2023, which reflected a challenging period for the company. The weak demand in the market adversely impacted the company's earnings, resulting in an increase in losses and a decrease in revenue compared to the same period last year.
During the second quarter, Bantec Inc experienced a significant shortfall per share, with a decline of $0.10 per share compared to no decline in the previous year. Furthermore, the company's revenue dropped by a staggering 21.368% from $0.75 million to $0.59 million. Comparatively, the revenue for the second quarter decreased by 5.262% from $0.62 million and was far from the previous year's figure of $0.00 per share.

Bantec Inc

Bantec Inc Reports Impressive Revenue Growth, but Sustains Net Deficit in Latest Financial Report

Bantec Inc, a company operating within the Capital Goods sector, has released its latest financial report for the most recent fiscal period. The report shows that Bantec Inc has reached a net deficit of $-0.831 million compared to $-0.723 million a year ago. However, the revenue grew strongly by 68.45% to $0.62 million from $0.37 million in the comparable financial reporting period a year ago.
Although Bantec Inc's recent financial report revealed a net deficit, the revenue growth was impressive. The company has experienced significant growth in revenue since the last reporting period. Despite the growth, the company must work to reduce its expenses, minimize its losses, and increase profitability.
One significant factor affecting the company's financials is its accounts receivable, which worsened sequentially in the most recent financial reporting period, with a collection period of 35 days, up from 34 days in the previous quarter. While this may not be a cause for concern at this point, the company must monitor the situation to prevent a further decline.






 

Bantec Inc's Segments
 
 
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Bantec Inc does not provide revenue guidance.

Earnings Outlook
Bantec Inc does not provide earnings estimates.

 
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