Basanite

BASA

Construction Materials · Basic Materials

Price

$0.02

+0.00 (+0.00%)

Market Cap

$4.5M

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+12.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 235.5M (2021) → 264.3M (2025)

Basanite, Inc. makes construction materials out of basalt rock. The company turns crushed basalt into fiber-reinforced polymer (FRP) rebar, which is used as a replacement for traditional steel rebar in concrete structures like bridges, roads, and buildings. It sells primarily to construction contractors and engineers looking for a lighter, rust-resistant alternative to steel.

Basanite earns revenue by selling its basalt FRP rebar products directly to construction projects and distributors, mainly in North America. The company is very small, with a market cap near zero and a deeply negative operating margin, meaning it spends far more than it earns right now. Its potential edge is that basalt rebar does not corrode like steel, which could appeal to infrastructure projects in harsh environments — but the main risk is that the company has not yet proven it can scale production and reach profitability before running out of cash.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-97.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+42.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

27.5%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~0 months

$0 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Basanite has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-7162.3%

Thin — -7162.3% gross margin

Operating Margin

-18769.4%

Losing money on operations — -18769.4%

ROCE

N/A

—

Data not available

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Growth

Sales YoY

+9.5%

Steady sales growth (9.5% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-224.4%

Burning cash (-224.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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