Bioelectronics Corp (BIEL)

[4toSchool]

I hope that I am wrong, but IMO, we are going to see 1st Quarter sales drop like a rock from the 4th quarter 2019. Why, because KN hasn't tweeted about any new purchase orders from Pharmalink and Mundipharma, the two customers that collectively placed purchase orders 29,000 back in the 4th quarter.

$583,963 	Sales through 9-30-2019 
 941,761	Sales through 12-31-2019 
 $357,798 	Therefore 4th Quarter sales totaled 
  29,000 	units ordered by PharmaLink and MundiPharma 
 $12.34 	average revenue per unit if 100% of sales were resulting from PharmaLink and MundiPharma's orders totaling 29,000 units. 
 	 
  $10.00 	Hypothetical price per unit sold 
  35,780 	Hypothetical # units sold in the 4th Qtr. 
 	 
  $8.00 	Hypothetical price per unit sold 
  44,725 	Hypothetical # units sold in the 4th Qtr. 
 

Any way you slice it, PharmaLink and Mudipharma were the revenue generating 4th Qtr. customers.

"I will give this CEO a couple quarters to see if we get that PROGRESS and IMPROVEMENT. Give us consecutive quarters of increased sales to show us stockholders that we might be headed in the right direction"