Once the $600k interest is dealt with (paid off, etc.), the financial picture brightens considerably.
BIEL’s Gross Margins Are Elite — ~85%
ActiPatch’s ~85% gross margin means BIEL is operationally profitable at very low revenue levels.
This is why the company only needs a modest revenue bump to cross into positive cash flow.
Cash-Flow Positive Could Happen in 2026
BIEL only needs to cover:
~$350k annual overhead
Manufacturing costs
The Taiwan stocking orders (May 2026) and the Electrome distribution deal (targeting 3,700 pharmacies by Q3 2026) are expected to provide enough cash to flip operational cash flow positive this year.
This is the inflection point. Electrome can make this revenue level a reality quickly.
CASH-FLOW, PROFITABILITY, PPS PROJECTIONS
Assumptions:
85% gross margin
$350k annual operating expenses
$600k interest is paid off
Revenue = Gross Profit = Operating Profit = GAAP Net = Cash Flow Reality
$1 Million Revenue
Gross Profit: $850k
Operating Profit: $500k
GAAP Net: $500k
Cash-Flow: +$500k (cash-flow positive/profitable)
est PPS = .01
$6 Million Revenue
Gross Profit: $5.1M
Operating Profit: $4.75M
GAAP Net: +$4.75M
est. PPS = .02 (P/E = 1000)
$9 Million Revenue
Gross Profit: $7.65M
Operating Profit: $7.65M
GAAP Net: +$7.65M
est. PPS = .03 (P/E = 1000)
The $500,000+ (2025) revenue base and the $41M tax-loss carryforward accelerates profitability.
BIEL’s Gross Margins Are Elite — ~85%
ActiPatch’s ~85% gross margin means BIEL is operationally profitable at very low revenue levels.
This is why the company only needs a modest revenue bump to cross into positive cash flow.
Cash-Flow Positive Could Happen in 2026
BIEL only needs to cover:
~$350k annual overhead
Manufacturing costs
The Taiwan stocking orders (May 2026) and the Electrome distribution deal (targeting 3,700 pharmacies by Q3 2026) are expected to provide enough cash to flip operational cash flow positive this year.
This is the inflection point. Electrome can make this revenue level a reality quickly.
CASH-FLOW, PROFITABILITY, PPS PROJECTIONS
Assumptions:
85% gross margin
$350k annual operating expenses
$600k interest is paid off
Revenue = Gross Profit = Operating Profit = GAAP Net = Cash Flow Reality
$1 Million Revenue
Gross Profit: $850k
Operating Profit: $500k
GAAP Net: $500k
Cash-Flow: +$500k (cash-flow positive/profitable)
est PPS = .01
$6 Million Revenue
Gross Profit: $5.1M
Operating Profit: $4.75M
GAAP Net: +$4.75M
est. PPS = .02 (P/E = 1000)
$9 Million Revenue
Gross Profit: $7.65M
Operating Profit: $7.65M
GAAP Net: +$7.65M
est. PPS = .03 (P/E = 1000)
The $500,000+ (2025) revenue base and the $41M tax-loss carryforward accelerates profitability.
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