Replies to post #317456 on Bioelectronics Corp (BIEL)

[toohot]

Thank you, srin. It’s always nice to have “fact checking.” Especially from TRUE BIEL LONGS!!!




BUY $BIEL$

[GetSeriousOK]

I'm looking at the only metric that matters: gross sales.

That's the bottom line. they need customers first and foremost, whatever the cost,. Then they need those customers to return to buy more of their disposable product.

Gross revenues declining every year since 2015 is bad. There's no way to spin that as anything else.

[art2426]

>>>In regards to the 'Bottom Line' for the period 2015 - 2022, 2015 was the worst year and 2021 was the best year.<<<

LOL, wake me up when the 'bottom line is green, not red. That of which has never happened in this company's twenty year existence. No company can keep going on without making more money than they spend. THAT is keeping it simple for those that are lacking accounting skills. For those that can read and understand financial statements about income vs expenses along with assets vs liabilities, this is as ugly as it gets, believe me.

[JNdouble1]

Looking at the metrics incorrectly

The snapshot of a single point in time is misleading. The trend is what is most encouraging, or discouraging as the case may be.

Revenues were increasing through the 2010's, peaking in Q2 2016. It was a long decline from there to the bottom in Q2 2020 ($33,864). That decline is obviously disappointing. No base of consumers had been established. I'll grant you that the company made some big mistakes that didn't help. i.e. the CE mark. Going NHS rather than OTC in the UK etc. But it remains that there was not enough consumer interest to maintain sales. After all $ 33K globally for a quarter is pretty shabby.

With the onset of the OEM model, and KT coming onboard, we saw a return to increasing revenues. Unfortunately, that only lasted for ~3 quarters. Again, we see declining sales. This is a clear indicator that consumers are not adopting the product. Word of mouth and return purchases should at least keep us steady (and more than 50 - 100K a quarter).

So, it's the trend that matters here, not any one snapshot in time. Yes, the last quarter was higher than the previous two. Is that a trend.? Not unless the increases continue for a couple more quarters. Twenty years hasn't been enough to build a consumer base, but maybe a few more quarters will do the trick.