Bioelectronics Corp (BIEL)

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So much Disinformation, where to start......

<<<<<<<< BIEL's sales were that bad in 2021 >>>>>>>>>>

BIEL's Sales of $1.6 million for 2021 were the 4th highest in BIEL's 20 year history only eclipsed during the 3 years that BIEL was selling on UK retail shelves.

But Sales are only part of the equation. How much it cost to generate those Sales is also very important.

2021 - Sales $1.6 million - Loss from Operations $157k
2017- Sales $1.76 million - Loss from Operations $1.36 million
2016 - Sales $2.08 million - Loss from Operations $1.4 million
2015 - Sales $2.33 million - Loss from Operations $1.78 million

These numbers tell the story. 2021 was the closest BIEL has ever come to having a Profitable Year, by a wide margin. That is because the OEM business saves a lot of money vs the Retail business plan. OEM is BIEL's Path to Profitability.

The Chip issue slowed down BIEL's move into the OEM business but it is far from a fatal problem. SAI is scheduled to Launch this Quarter with 9 'Powered By ActiPatch' products which will require tens of thousands of devices from BIEL.
Chemist 4U, who was out of stock on Actipatch for 6 months, now has 4 ActiPatch products in stock.

All businesses face problems every day. The shortage of Chips was not caused by BIEL, it is a global issue. BIEL is working through this problem and producing devices for its customers.