Revenues of Basanite Inc's Suppliers, deteriorated by -8.33 % compared to the same quarter a year ago, from the previous quarter, sales fell by -37.05 %, Basanite Inc recorded an increase in cost of sales by 246.52 % year on year, sequentially cost of sales grew by 366.61 % in Q3.
Basanite Inc's Suppliers realized a deteriorated in sales by -8.33 % compared to the same quarter a year ago, from the previous quarter, sales fell by -37.05 %, Basanite Inc recorded increase in cost of sales by 246.52 % year on year, sequentially cost of sales grew by 366.61 % in Q3.
The company sources raw materials and building products through USS, a domestic and international distributor based in West Palm Beach, Florida. USS is a related party controlled by Manuel A. Rodriguez, a member of the company's Board of Directors. The company has entered into Supplier and Distribution Agreements with USS, under which it issued USS a common stock purchase warrant. Manuel A. Rodriguez also controls CPPB, another related party. The company specializes in composite products for concrete reinforcement, targeting corrosion issues linked to traditional steel rebar.
Basanite Inc's Comment on Supply Chain
The company sources raw materials and building products through USS, a domestic and international distributor based in West Palm Beach, Florida. USS is a related party controlled by Manuel A. Rodriguez, a member of the company's Board of Directors. The company has entered into Supplier and Distribution Agreements with USS, under which it issued USS a common stock purchase warrant. Manuel A. Rodriguez also controls CPPB, another related party. The company specializes in composite products for concrete reinforcement, targeting corrosion issues linked to traditional steel rebar.
PAYM's Suppliers recorded a net loss
Suppliers recorded net loss
PAYM's Suppliers recorded a net loss
Suppliers recorded net loss
Basanite Inc's Suppliers Sales Growth
in Q3 2025 by Industry
Sources:
Basanite Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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