Bioelectronics Corp (BIEL)

[4toSchool]

Also, keep in mind that the price per unit sold was much higher in past years. So, as revenue exceeds past years, units sold must be significantly higher now. More units sold = more product awareness. More units sold = lower COGS with stronger buying power(hopefully)= more potential for profits.

2014 2015 2016 2017 2018 2019 2020
rev 1.2m 2.3m 2m 1.7m 1m 900k 800k
OS 4.8b 8.5B 12.8B 16.9B 19.8B 21.8B 23B

As revenue has gone down, outstanding shares went up significantly, there is no way you can sustain a PPS with this kind of action!

in 2015 and 16 BIEL was doing 2m in sales, and this was just BIEL with no OEM help, in order for BIEL to sustain a higher PPS they will have to do better than 2m annually because of the increase shares.