Bantec, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2022
May 16, 2022 at 01:40 pm EDT
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Bantec, Inc. reported earnings results for the second quarter and six months ended March 31, 2022. For the second quarter, the company reported sales was USD 0.369908 million compared to USD 0.664896 million a year ago. Net loss was USD 0.722704 million compared to USD 0.209986 million a year ago.
For the six months, sales was USD 0.772025 million compared to USD 1.41 million a year ago. Net loss was USD 1.58 million compared to USD 0.18944 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. 
