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Basanite Inc   (PAYM)
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Basanite Inc

PAYM's Financial Statements and Analysis



Basanite Inc reported in the forth quarter of 2023 net earnings per share of $0.00 an improvement compare to net loss per share of $-0.01 recorded a year ago and an improvement compare to net loss per share of $-0.02 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ 0 $  -90 Mill
$+0.01     $-90M    



Basanite Inc 's Revenue fell by -15727.42 % in forth quarter of 2023 (Dec 31 2023) year on year, to $-90 million and declined by sequentially.


Basanite Inc is

More on PAYM's Income Statement



Basanite Inc in the forth quarter of 2023 recorded net loss of $-2.169 million, an improvement compare to net loss of $-3.845 million in IV. Quarter a year ago.

Sequentially net loss advanced

More on PAYM's Growth

Basanite Inc Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $0 million


Basanite Inc does not pay out common stock dividend.

In trailing twelve-month period Basanite Inc payed $ 0.00 cash per share, on a free-cash flow basis .


Tangible Book value fell to $ -0.03 per share from $ -0.03.

Company repurchased 42.22 million shares or 16.29 % in Dec 31 2023.


More on PAYM's Dividends

 Market Capitalization (Millions) 18
 Shares Outstanding (Millions) 217
 Total Debt (Millions $) 0
 Revenue (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 6




Basanite Inc does not pay out common stock dividend.

In trailing twelve-month period Basanite Inc had negative $ 0.00 cash flow per share, on a free-cash flow basis .


Tangible Book value fell to $ -0.03 per share from $ -0.03.

Company repurchased 42.22 million shares or 16.29 % in Dec 31 2023.


More on PAYM's Balance Sheets

 Market Capitalization (Millions) 18
 Shares Outstanding (Millions) 217
 Total Debt (Millions $) 0
 Revenue (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 6
   


  News about Basanite Inc Earnings

PAYM's Profits Hit New Heights: Diminishing Returns Expand in Fiscal Q3 of 2023 for Basanite Inc.

roduction
In a surprising turn of events, Basanite Inc. reported a deficit per share of $-0.02 for the fiscal third quarter of 2023, in stark contrast to the break-even point of $0.00 in the previous year. This unexpected decline has sparked concerns among analysts, especially as the company's revenue remained stagnant at $0.00 million, signaling potential slowing demand. Nevertheless, Basanite Inc. managed to reduce its net deficit from $-0.662 million to $-0.500 million, reflecting some positive elements amidst the challenging financial results.
Sluggish Revenue Growth
The fact that Basanite Inc.'s revenue remained unscathed at $0.00 million in the fiscal third quarter of 2023 is alarming, part...

Basanite Inc Sees No Revenue Growth During April-June 2023 Financial Interval, Strategic Adjustments Implemented to Boost Efficiency


Date: October 5, 2023
In a major turnaround, PAYM reported remarkable stability and improvement in its financial performance for the April to June 30, 2023, financial period compared to the previous year. The company achieved a significant milestone by reaching a break-even point of $0.00 per share, compared to a loss of $-0.01 per share recorded a year earlier. This positive development is expected to considerably boost investor confidence in the company.
Revenue, however, remained unchanged at $0.00 million during the same financial interval. The stability in revenue can be attributed to strategic adjustments implemented by PAYM to streamline operations and optimize the allocation of resources...

Basanite Inc. Reveals Astounding Turnaround with Balanced Books in Q1 2023, Despite a Sharp Revenue Drop

Basanite Inc. is a company that specializes in the manufacturing an...


Date modified: 2024-05-12T13:04:46+00:00





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