Basanite, Inc.
BASA
Other OTC0.02
USD
+0.00
- -
CIK
0001448705
ISIN
US06975Q1004
CUSIP
06975Q100
Return %
Stock
S&P500
1Y
-48.28
26.84
3Y
-58.36
77.03
5Y
-93.75
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Ronald J. LoRicco
- Full Time Employees
- 2
- Sector
- Basic Materials
- Industry
- Construction Materials
- Address
- 2041 NW 15th Avenue Oakland Park FL United States of America 33069
- IPO Date
- Aug 5, 2013
- CIK
- 0001448705
- Website
- basaniteindustries.com
- Similar Companies
- Business
- Basanite, Inc. (OTCQB: BASA), through its wholly owned subsidiary Basanite Industries, LLC, manufactures and sells basalt fiber reinforced polymer (BFRP) products for concrete reinforcement in the construction industry worldwide; core offerings include BasaFlex, a BFRP reinforcing bar serving as a non-corrosive, lightweight alternative to steel rebar for residential, commercial, industrial slabs on grade, hydraulic structures, precast elements, tunneling, mining containment, and masonry strengthening; BasaMix, fine denier basalt fibers that mitigate early-age plastic shrinkage and settlement cracking while enhancing toughness in slab-on-grade and precast applications; and BasaMesh, basalt geogrid mesh rolls replacing welded wire mesh for secondary and temperature shrinkage reinforcement, all designed to extend concrete lifecycles by preventing spalling from steel corrosion. The company, founded in 2006 and headquartered in Branford, Connecticut following a 2025 relocation from Pompano Beach, Florida, targets infrastructure, marine, high-voltage, and de-icing exposed projects with sustainable, low-carbon footprint solutions sold via third-party distributors primarily in the United States. Recent developments encompass significant board and executive changes in August 2025, with directors Andrew Acquarulo Jr., Paul Sallarulo, Sergio Salani, and Fred Tingberg resigning alongside CFO Jacqueline Placeres and CTO Fred Tingberg, leaving Manuel Rodriguez, Adam Falkoff, and Ronald LoRicco on the board with LoRicco assuming interim CEO and CFO roles; ongoing federal litigation against Upstate Custom Products over undelivered custom pultrusion machines; paused manufacturing operations with plans to restart in 2026 pending new facility securing and approximately $6 million in financing; Q3 2025 revenue of $1,513 and nine-month revenue of $67,459 amid zero cash reserves, $10.1 million liabilities, and going concern doubts addressed via related-party convertible notes and shareholder loans; and strategic exploration of basalt BFRP opportunities alongside potential investments in energy, mining, cryptocurrency, and healthcare.
Basanite Industries, Inc. Provides Corporate Update
Basanite Industries, Inc. Appoints Michael D. Nelson as Chief Executive Officer
Basanite, Inc. to Open New Production and Distribution Facility in Northeast Ohio
Uganda and Serbia Sign Bilateral Air Services Agreement to Boost Trade and Connectivity
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer