Bioelectronics Corp (BIEL)

[GetSeriousOK]

LOL I see they included a category for "PPP Loan Forgiveness" on the Statement of Operations page.

Wishful thinking, Kelly!

the profit margin is impressive this quarter. $360 k in sales, only $79k in cost of Goods Sold, $281k gross profit -- WAY HIGHER than the previous quarter where Gross Profit was alarmingly low. Wondering how they managed that. I'm guessing that some deferred revenue got booked this quarter but some of the Costs for that deferred order got booked last quarter.

Also wondering: when are they going to finally pay off that SEC fine?

And how did they get "General and Administrative Expenses" so low? I mean.... $80,000 less than Q1 2021.... that is their operations profit right there.

oh well, none of this matters, I think that nobody cares about the financials except me. This company is still being treated like a developmental biotech with promises of riches on the distant horizon. News Flash: when a biotech gets a big FDA clearance like BIEL did two years ago, it is no longer a developmental biotech. It's a biotech. Time to sell some product.