Bioelectronics Corp (BIEL)

[srinsocal]

There is a Global Chip Shortage Still Going On and we are basing performance on COGS?

It was worse in 2021, if you want to make a product that is based on Chips you are either going to pay 2x or 3x as much for the Chips or shut down your business.

The undeniable Fact here is that for 8 of the last 10 years BIEL had a Net Loss of over $2 million per year.

In 2020 BIEL had a NL of $1.159 million as they were starting the OEM transition.

In 2021, their first full year under OEM, BIEL had a NL of $289k on 1.6 million in Revenue.

<<<<<<<<<< expenses should be minimized as much as possible >>>>>>>>>>

Expenses have been minimized. Did you not listen to KN state that BIEL now operates with 7 employees?