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BASANITE, INC. (PAYM)

Income Statement Business | Product | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K/A10-K/A10-K10-K10-K10-K10-K10-K
Revenues   [+]1.40.20.00.00.60.00.00.2
            Revenue growth  602.0%2597.9%84.0%-99.4%6403.8% -100.0%476.7%
Cost of goods sold   [+]2.02.00.00.10.10.00.00.1
Gross profit  -0.7-1.80.0-0.10.50.00.00.1
            Gross margin  -49.4%-920.0%37.3%-2598.1%85.5%39.4% 42.1%
Selling, general and administrative   [+]3.68.03.03.72.71.40.90.4
Research and development        1.10.1
Other operating expenses  3.0 0.00.21.50.9 0.0
EBITDA   [+]-7.2-9.7-2.8-4.0-3.5-2.3-1.9-0.4
            EBITDA margin  -527.6%-5003.2%-39488.6%-102665.4%-564.5%-23622.9% -233.6%
Depreciation  0.10.10.10.00.00.00.10.0
EBITA  -7.3-9.8-2.9-4.0-3.6-2.3-1.9-0.4
            EBITA margin  -535.0%-5070.3%-41127.2%-103105.9%-570.9%-23815.8% -240.2%
Amortization of intangibles      0.10.1  
EBIT   [+]-7.3-9.8-2.9-4.0-3.6-2.4-1.9-0.4
            EBIT margin  -535.0%-5070.3%-41127.2%-103105.9%-579.0%-24333.2% -240.2%
Non-recurring items   [+]  0.00.00.8   
Interest expense, net   [+]0.50.50.90.10.10.10.30.3
Other income (expense), net   [+]-0.2-6.20.30.2-1.4-0.5-1.5 
Pre-tax income  -8.0-16.5-3.5-3.9-5.9-2.9-3.7-0.7
Income taxes  0.00.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%  0.0%0.0%
Minority interest      0.00.0  
Earnings from continuing ops  -8.0-16.5-4.2-4.3-5.9-2.5-2.2-0.7
Earnings from discontinued ops      0.0-0.4-1.5 
Net income  -8.0-16.5-4.2-4.3-5.9-2.9-3.7-0.7
            Net margin  -587.8%-8529.2%-58641.7%-110709.2%-940.3%-30371.6% -417.0%
   
Basic EPS   [+]($0.03)($0.07)($0.02)($0.02)($0.04)($0.02)($0.15)($0.06)
Diluted EPS   [+]($0.03)($0.07)($0.02)($0.02)($0.04)($0.02)($0.15)($0.06)
   
Shares outstanding (basic)   [+]251.5235.5209.2186.6135.1104.614.412.7
Shares outstanding (diluted)   [+]251.5235.5209.2186.6135.1104.614.412.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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