Bioelectronics Corp (BIEL)

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KT Tape had the following direct shipments from BIEL's factory:

12/2020 - 16 pallets, 3770 cartons, 8543 lbs

04/2021 - 20 pallets, 4332 cartons, 11384 lbs

06/2021 - 14 pallets, 2848 cartons, 7790 lbs

Those sales were the largest contributor to BIEL's Q4 2020 and Q2 2021 Revenue which totaled $934k.

This as a large investment by KT Tape in their new 'Wave' product.

KT does not take a "maybe it'll sell, maybe not, doesn't hurt us if it doesn't." attitude with this large of an investment.

IMO, KT shot themselves in the foot with the Wave launch by pricing it at $34.99 for a 250 hour product. They recently have tried to correct this mistake with a RRP price drop to $29.99 for a single unit and $23.99 for a subscription plan..