Basanite, Inc. (BASA)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Basanite, Inc. (BASA) trades at $0.02 with AI Score 40/100 (Grade C). Basanite, Inc. focuses on producing basalt fiber reinforced polymer (FRP) products, offering an alternative to traditional steel reinforcement. Market cap: $5.46M, Sector: Basic materials.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for BASA: BASA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BASA against Basic Materials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
BASA: 1/1 perspectives are bearish.
How is this calculated? →Basanite, Inc. (BASA) Materials & Commodity Exposure
Basanite, Inc. is a construction materials company specializing in basalt fiber reinforced polymer (FRP) products, offering a sustainable alternative to steel reinforcement. With a small market capitalization and negative profit margins, the company operates in a competitive landscape, seeking to expand its market presence globally.
What Is the Investment Thesis for BASA?
Investing in Basanite, Inc. presents a high-risk, high-reward scenario. The company's innovative basalt FRP products offer a potential alternative to steel reinforcement in construction. However, with a market capitalization of $5.46M and a negative profit margin of -688.6%, the company's financial stability is a significant concern. Key growth catalysts include increasing adoption of FRP materials in construction and infrastructure projects. The company's success hinges on its ability to scale production, secure key partnerships, and achieve profitability. Investors should closely monitor the company's revenue growth, gross margin, and cash flow to assess its long-term viability. The company's small size and OTC listing introduce additional risks related to liquidity and regulatory compliance.
Based on FMP financials and quantitative analysis
BASA Key Highlights
- Market capitalization of $5.46M, indicating a micro-cap company with high growth potential but also significant risk.
- Negative P/E ratio of -4.64, reflecting current unprofitability but potential for future earnings growth.
- Gross margin of 13.0%, suggesting some ability to control production costs but needing improvement for sustainable profitability.
- Beta of 0.25, indicating lower volatility compared to the overall market, which may appeal to risk-averse investors.
- No dividend yield, as the company is currently focused on reinvesting earnings for growth.
Who Are BASA's Competitors?
BASA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ATOXF Quantum Critical Metals Corp. | $0.05 | +2.80% | $5.73M | 46 |
| BRKCF Barksdale Resources Corp. | $0.25 | -8.16% | $36.83M | 45 |
| MGPRF Plascred Circular Innovations Inc. | $0.11 | +0.00% | $8.86M | 48 |
| NLPXF Noble Mineral Exploration Inc. | $0.04 | +2.60% | $10.84M | 45 |
| CXMSF CEMEX, S.A.B. de C.V. | $1.20 | +0.00% | $16.69B | 63 |
| AMRZ Amrize AG | $53.78 | +0.26% | $29.73B | 59 |
| TGLS Tecnoglass Inc. | $44.66 | -2.10% | $1.98B | 58 |
| CTXXF CEMATRIX Corporation | $0.36 | +1.16% | $53.38M | 57 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BASA's Key Strengths?
- Innovative basalt FRP technology.
- Sustainable and environmentally friendly product offering.
- Potential for cost savings in specific applications.
- Corrosion resistance and durability of basalt FRP.
What Are BASA's Weaknesses?
- Small market capitalization and limited financial resources.
- Negative profit margins and dependence on external funding.
- Limited brand recognition and market presence.
- Reliance on a single product line (basalt FRP).
What Could Drive BASA Stock Higher?
- Increasing adoption of FRP materials in construction and infrastructure projects.
- Potential for strategic partnerships with construction firms.
- Securing new contracts for basalt FRP rebar in infrastructure projects (timeline: next 6-12 months).
- Potential for expansion into emerging markets with rapid urbanization (timeline: next 1-2 years).
- Growing emphasis on sustainable construction practices and green building standards.
What Are the Key Risks for BASA?
- Weak fundamentals — a Piotroski F-Score of 1/9 flags soft profitability, leverage or efficiency.
- Limited financial resources and negative profit margins.
- Competition from established players in the steel and FRP markets.
- Fluctuations in raw material prices.
- Economic downturns affecting construction activity.
- OTC listing and associated risks of limited liquidity and regulatory oversight.
What Are the Growth Opportunities for BASA?
- Expansion into Infrastructure Projects: Basanite can target infrastructure projects such as bridges, highways, and marine structures, where basalt FRP rebar offers superior corrosion resistance compared to steel. The global infrastructure market is estimated to be worth trillions of dollars, presenting a significant opportunity for Basanite to increase its market share by demonstrating the long-term cost savings and durability benefits of its products. Timeline: Ongoing.
- Strategic Partnerships with Construction Firms: Collaborating with major construction firms can provide Basanite with access to large-scale projects and established distribution channels. By partnering with industry leaders, Basanite can accelerate the adoption of its basalt FRP products and gain credibility in the market. These partnerships can also facilitate joint research and development efforts to further enhance the performance and application of basalt FRP. Timeline: Ongoing.
- Geographic Expansion into Emerging Markets: Emerging markets in Asia, Africa, and Latin America are experiencing rapid urbanization and infrastructure development, creating a strong demand for construction materials. Basanite can expand its presence in these markets by establishing local manufacturing facilities or distribution networks. This geographic diversification can reduce the company's reliance on developed markets and tap into new growth opportunities. Timeline: 2-3 years.
- Development of New Basalt FRP Applications: Basanite can invest in research and development to explore new applications for basalt FRP in areas such as renewable energy, automotive, and aerospace. By diversifying its product portfolio, Basanite can reduce its dependence on the construction industry and tap into high-growth markets. This includes exploring basalt fiber composites for wind turbine blades, automotive components, and aircraft structures. Timeline: 3-5 years.
- Focus on Sustainable Construction Practices: With increasing emphasis on sustainable construction, Basanite can market its basalt FRP products as an environmentally friendly alternative to steel. Basalt FRP has a lower carbon footprint compared to steel, making it a noteworthy option for projects seeking LEED certification or other green building standards. By highlighting the sustainability benefits of its products, Basanite can attract environmentally conscious customers and gain a competitive advantage. Timeline: Ongoing.
What Opportunities Does BASA Have?
- Growing demand for sustainable construction materials.
- Expansion into infrastructure projects and emerging markets.
- Strategic partnerships with construction firms.
- Development of new basalt FRP applications.
What Threats Does BASA Face?
- Competition from established players in the steel and FRP markets.
- Fluctuations in raw material prices.
- Economic downturns affecting construction activity.
- Regulatory changes impacting the use of FRP materials.
What Are BASA's Competitive Advantages?
- Proprietary basalt FRP technology.
- Potential cost advantages over traditional steel reinforcement in specific applications.
- Focus on sustainable and environmentally friendly materials.
What Does BASA Do?
Basanite, Inc., established in 2006 and headquartered in Oakland Park, Florida, is a global producer of basalt fiber reinforced polymer (FRP) products. These products serve as a replacement for conventional steel reinforcement and other industry fiber products. The company's core business revolves around the production and distribution of basalt FRP rebar, which offers enhanced durability and corrosion resistance compared to traditional steel. Basanite, Inc. was formerly known as PayMeOn, Inc. before rebranding in December 2018 to reflect its focus on basalt FRP technology. The company aims to capitalize on the growing demand for sustainable and high-performance construction materials. Despite its innovative product offerings, Basanite, Inc. faces challenges related to profitability and market penetration in a competitive industry.
What Products and Services Does BASA Offer?
- Produces basalt fiber reinforced polymer (FRP) products.
- Offers basalt FRP rebar as a replacement for steel reinforcement.
- Provides FRP products for various industry fiber applications.
- Focuses on corrosion-resistant and durable construction materials.
- Aims to provide sustainable alternatives to traditional materials.
- Supplies basalt FRP products globally.
How Does BASA Make Money?
- Manufactures and sells basalt FRP products.
- Generates revenue through direct sales to construction companies and distributors.
- Focuses on replacing steel and other FRP products with its basalt FRP solutions.
What Industry Does BASA Operate In?
Basanite, Inc. operates within the construction materials industry, which is experiencing a shift towards sustainable and high-performance materials. The global construction materials market is projected to reach trillions of dollars by 2026, driven by infrastructure development and urbanization. Basanite faces competition from established players in the steel and FRP rebar markets, including companies like ATOXF (Aton Resources), BRKCF (Berkshire Hathaway), MGPRF (Mega Graphite), NLPXF (Nippon Light Metal Holdings), and RARMF (Ramaco Resources). The company's success depends on its ability to differentiate its basalt FRP products through superior performance, cost-effectiveness, and environmental benefits.
Who Are BASA's Key Customers?
- Construction companies
- Infrastructure developers
- Government agencies involved in construction projects
Basanite, Inc. Financial Trajectory
Basanite, Inc. (BASA) reported $2K in revenue for Q3 2025, a decline of 96.0% compared to the prior quarter. The company recorded a net loss of $207K, with diluted EPS of $-0.00. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Basic Materials.
Company Profile
Basanite, Inc. operates in the Construction Materials industry within the Basic Materials sector. It is headquartered in Oakland Park, US. The company is led by CEO Ronald J. LoRicco. BASA has traded publicly since 2013.
How Basanite, Inc. Is Valued
Basanite, Inc. carries a market capitalization of $5.46M, placing it in the micro-cap category. Relative to its peer group, BASA's quantitative score of 40/100 is roughly in line with the peer average of 49/100.
ROE 21%Key Financial Metrics
Return on equity for Basanite, Inc. stands at 21.4%, a gauge of how efficiently it converts shareholder capital into profit. Its free cash flow yield is -20.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -63.2%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 1/9Financial Health
Basanite, Inc.'s Piotroski F-Score is 1/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.
Net buyingInsider Activity
The most recent 9 insider filings for Basanite, Inc. break down as 1 sales and 8 purchases. On net that is roughly 17.7M shares acquired (about $3.2M) — insiders putting money in tends to read as conviction.
BASA Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Innovative basalt FRP technology.
- Sustainable and environmentally friendly product offering.
- Potential for cost savings in specific applications.
- Corrosion resistance and durability of basalt FRP.
Bear Case
- Small market capitalization and limited financial resources.
- Negative profit margins and dependence on external funding.
- Limited brand recognition and market presence.
- Reliance on a single product line (basalt FRP).
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1,513 | -$206,538 | -$0.0008 |
| Q2 2025 | $37,972 | -$727,796 | -$0.0028 |
| Q1 2025 | $27,974 | -$439,195 | -$0.0017 |
Based on FMP financials and quantitative analysis
BASA Latest News
No recent news available for BASA.
BASA Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BASA.
Price Targets
Wall Street price target analysis for BASA.
BASA MoonshotScore
What does this score mean?
The MoonshotScore rates BASA's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Ronald J. LoRicco
CEO
Ronald J. LoRicco serves as the Chief Executive Officer of Basanite, Inc. His background includes experience in managing small teams and overseeing the strategic direction of the company. He has been instrumental in guiding Basanite, Inc. through its transition from PayMeOn, Inc. to a focused producer of basalt FRP products. His leadership is critical in navigating the challenges of the construction materials market and driving the adoption of Basanite's innovative solutions.
Track Record: Under Ronald J. LoRicco's leadership, Basanite, Inc. has focused on developing and marketing its basalt FRP products. Key milestones include securing initial contracts for basalt FRP rebar and establishing partnerships with distributors. His strategic decisions have centered on positioning Basanite as a sustainable alternative to traditional construction materials. However, the company's financial performance remains a challenge, with ongoing efforts to improve profitability and secure additional funding.
BASA OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Basanite, Inc. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited trading volume and may not be subject to the same level of regulatory scrutiny as companies listed on major exchanges like the NYSE or NASDAQ. This tier is generally associated with higher risk due to the potential for less transparency and liquidity compared to listed companies.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited liquidity due to OTC Other listing.
- Lack of regulatory oversight compared to listed companies.
- Potential for price manipulation and fraud.
- Higher risk of financial distress or bankruptcy.
- Limited access to capital markets.
- Verify the company's financial statements and SEC filings (if any).
- Research the background and experience of the company's management team.
- Assess the company's business model and competitive landscape.
- Evaluate the company's cash flow and financial stability.
- Review the company's legal and regulatory compliance.
- Check for any red flags or warning signs, such as frequent changes in management or auditors.
- Understand the risks associated with investing in OTC stocks.
- Company's focus on innovative basalt FRP technology.
- Potential for sustainable and environmentally friendly product offerings.
- CEO's experience in the construction materials industry.
- Company's efforts to secure contracts and partnerships.
- Established headquarters in Oakland Park, Florida.
What Investors Ask About Basanite, Inc. (BASA) — Basic Materials
What does Basanite, Inc. do?
Basanite, Inc. specializes in the production and distribution of basalt fiber reinforced polymer (FRP) products. These products are primarily used as a replacement for traditional steel reinforcement in construction and infrastructure projects. Basalt FRP offers advantages such as corrosion resistance, durability, and sustainability compared to steel. The company aims to capitalize on the growing demand for high-performance and environmentally friendly construction materials by providing innovative basalt FRP solutions globally.
What do analysts say about BASA stock?
As of March 18, 2026, there is no readily available analyst coverage for Basanite, Inc. (BASA) due to its small market capitalization and OTC listing. Key valuation metrics such as P/E ratio (-4.64) and profit margin (-688.6%) reflect current unprofitability. Investors should focus on the company's revenue growth, gross margin, and ability to secure contracts to assess its long-term potential. The company's innovative basalt FRP technology and focus on sustainability are positive factors, but financial performance needs improvement.
What are the main risks for BASA?
The main risks for Basanite, Inc. include its limited financial resources, negative profit margins, and dependence on external funding. Competition from established players in the steel and FRP markets poses a significant challenge. Fluctuations in raw material prices and economic downturns affecting construction activity could also impact the company's performance. Furthermore, the OTC listing introduces risks related to limited liquidity, regulatory oversight, and potential for price volatility. Investors should carefully consider these risks before investing in BASA.
What are the key factors to evaluate for BASA?
Basanite, Inc. (BASA) holds an AI score of 40/100 (low). Not financial advice.
How frequently does BASA data refresh on this page?
BASA prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven BASA's recent stock price performance?
Basanite, Inc. (BASA) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Innovative basalt FRP technology. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BASA overvalued or undervalued right now?
Valuing Basanite, Inc. (BASA) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying BASA?
Before investing in Basanite, Inc. (BASA), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available on the company due to its OTC listing and small market capitalization.
- Financial data may not be as reliable as for companies listed on major exchanges.