Followers | 170 |
Posts | 8965 |
Boards Moderated | 0 |
Alias Born | 01/24/2011 |
Tuesday, August 15, 2017 4:39:24 PM
BIEL's second quarter 2017 revenues of $439.0K were down 36% from 2Q/16 and the company showed a net operating loss of $483.4K. The net loss was $647.7K.
Gross margins fell to 27.1% in 2Q/17 from 67.9% in the prior quarter. Not sure why this happened, but the decline was similar to the drop from 3Q/16 to 4Q/16 (68% falling to 32%,) before rising back to 67.9%.
First half 2017 revenues were down 28% from 1H/16.
Only $17.2K in cash on balance sheet at end of the quarter. They will have been borrowing more cash in 3Q/17.
OS stands at 18.08B, up nearly 736M shares from the end of 1Q/17. The conversion of shares from notes issued at least six months ago was lower than I expected.
Revenues were lower than I thought they would be, considering the sales through Amazon and the BIEL's Actipatch website. (And yes, I undertand that BIEL now uses a distribution model).
BIEL borrowed another $744K by selling notes during the quarter, but spent all of it, as cash at the end of the quarter was only $17K.
Here's the report:
http://www.otcmarkets.com/financialReportViewer?symbol=BIEL&id=177529
"Soylent Green is people!!!"
Detective Robert Thorn: Telling uncomfortable truths since 2022
DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM