Bioelectronics Corp (BIEL)

[Det_Robert_Thorne]

Financials out. 3Q/17 Rev $458.3K. $301.3K Loss

BIEL's third quarter 2017 revenues of $458.3K were down 3% from 3Q/16 and the company showed a net operating loss of $102.2K. The net loss was $301.3K.

Gross margins rose to 59.2% in 2Q/17 from 27.1% in the prior quarter. Not sure why this happened, but the margins are back close to the historical average.

First three quarters of 2017 revenues were down 11% from the same period in 2016.

Only $6K in cash on balance sheet at end of the quarter. They will be borrowing more cash in 4Q/17.

OS stands at 18.08B, identical to the number reported for 2Q17. Not sure why note conversion stopped.

Here are the reports:

Financials: http://www.otcmarkets.com/financialReportViewer?symbol=BIEL&id=182468

Basic Disclosure: http://www.otcmarkets.com/financialReportViewer?symbol=BIEL&id=182467