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Basanite, Inc.

corporate_fare Company Profile

Basanite, Inc.

BASA·OTC·Industrial Applications And Services·CIK 0001448705

Basanite, Inc. manufactures "green," sustainable, non-corrosive, lightweight, composite products for concrete reinforcement in the construction industry through its wholly owned subsidiary, Basanite Industries, LLC. The company's core product is BasaFlex™, a basalt fiber reinforced polymer (BFRP) reinforcing bar, or rebar. Basanite, Inc. offers BasaFlex™ as an alternative to traditional steel, noting it is stronger, lighter, sustainable, non-conductive, and corrosion-proof. Basanite, Inc. also produces BasaMix™, which consists of fine denier basalt fibers available in various chopped sizes, and BasaMesh™, a line of Basalt Geogrid Mesh Rolls designed to replace welded wire mesh made of steel. The company's revenue growth began in 2021 and continued in 2022 and 2023. Basanite, Inc. was formed as a Nevada corporation in 2006 under the name "Nevada Processing Solutions, Inc." and entered its current BFRP business in 2017. BFRP is a UV-stable, chemical, acid, and moisture-resistant material engineered to replace steel, as it does not rust. BasaFlex™ BFRP rebar is corrosion-proof, chemical, acid, and moisture-resistant, and is designed to replace steel in certain structures and applications, addressing issues with reduced structure lifecycles due to corrosion.

Basanite, Inc. (OTC:BASA) is a publicly traded company in the Industrial Applications And Services sector. Wiseek has independently scored 2 items for BASA at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-06-30, rated 9/10. Across its 2 most recent items scored 7 or higher, the top rating is 9/10, with 1 rated 8 or above. Recent SEC coverage for BASA spans 8-K.

Recent high-impact activity:

  • $2M Investment Proposed for Basanite's Somaliland Gold Project
  • Basanite Terminates Auditor After Firm Withdraws from PCAOB

Financial Snapshot

Fiscal year ended December 31, 2024
Net Income
-$1.73M
Diluted EPS
-$0.01
Op. Cash Flow
-$401.03K
Gross Profit
$262.53K
Operating Income
-$804.99K
Cash & Equivalents
$82.22K
Debt / Equity
0.00×
Shares Outstanding
259.16M sh
Source: 10-K · filed 2025-03-31 · accession 0001079973-25-000548

Short Interest & Short Volume

1.00 days to cover

FINRA reported short interest of 6,766 shares in BASA as of the September 15, 2026 settlement, a 100.0% increase from the prior period — about 1.0 days to cover at its recent average daily volume. On October 2, 2026, 37.5% of BASA volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)6,766 shares as of September 15, 2026
Change vs prior period▲ 100.0%
Days to cover1.00 at avg daily volume of 188,030
Daily short volume (FINRA facilities)37.5% of 40,000 shares on October 2, 2026
4-day average short volume32.9%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

$0.0292 +0.00% today
52-week range · as of 2026-06-05 $0.0096 – $0.0679
Market cap
$7.81M
Volume
40K (0.3× avg)
3-mo avg 124K
Live data · 2026-10-05 02:48 UTC · Market closed

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feed BASA - Latest Insights

BASA
Jun 30, 2026, 6:50 AM EDT
Source: Dow Jones Newswires
Importance Score:
9
Price at Filing: $0.0157
Real-time Price: $0.0292 info
Change: +$0.0135 (+86%) info
Market Cap: $7.813M info
BASA
Jun 05, 2026, 4:47 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $0.01346
Real-time Price: $0.0292 info
Change: +$0.01574 (+117%) info
Market Cap: $7.813M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets