Bantec, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2021
May 21, 2021 at 04:17 pm
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Bantec, Inc. announced earnings results for the second quarter ended March 31, 2021. For the second quarter, the company announced sales was USD 664,896 compared to USD 1.056 million a year ago. Operating loss was USD 491,176 compared to USD 461,759 a year ago. Net loss was USD 209,986 compared to USD 854,220 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.22 a year ago. For the half year, sales was USD 1.411 million compared to USD 2.478 million a year ago. Operating loss was USD 815,132 compared to USD 943,434 a year ago. Net loss was USD 189,440 compared to USD 1.521 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.42 a year ago.
Bantec, Inc. is a product and service company targeting the United States government, state governments, municipalities, hospitals, universities, manufacturers and other building owners. The Company provides product procurement, distribution, and logistics services through its wholly owned subsidiary, Howco Distributing Co. (Howco) to the United States department of defense and defense logistics agency. The Company, through Bantec Sanitizing, offers sanitizing products and equipment through its new store bantec.store. The Company sells drones and related products manufactured by third parties to various parties, primarily local government entities. Its drone programs constitute selling its customers drones, drone accessories, accident reconstruction software, drone training, drone services, counter-drone technology, certificates of authorization (COAs) and Waivers. The Company has operations based in Sparta, New Jersey and Vancouver, Washington.
BANTEC, INC. 
