Bantec, Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2021
August 12, 2021 at 04:30 pm EDT
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Bantec, Inc. announced earnings results for the third quarter ended June 30, 2021. For the third quarter, the company announced sales was USD 622,423 compared to USD 1.144 million a year ago. Operating loss was USD 644,681 compared to USD 305,397 a year ago. Net loss was USD 963,682 compared to USD 2.215 million a year ago. For the nine months, sales was USD 2.034 million compared to USD 3.623 million a year ago. Operating loss was USD 1.479 million compared to USD 1.248 million a year ago. Net loss was USD 1.153 million compared to USD 3.736 million 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. 