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Looking good! They took out that 385K seller at $0.039.
Looks very thin back to $0.05!
Moving up!
BWMG!!!!!!
Yes! half mil!
BWMG!!!
Whale sited on the $BWMG bid.
Time for some of Nemo's and Bruce's whale Friennds to surface and feed on the BWMG ask.
Yep, just waiting on investors to realize what we have here. Need more exposure. Holding and buying more when I can.
BWMG!!!!
In the beginning there were just
as we waited for the filings to find Nemo..
Then there was news:
HUGE NEWS!!!!!
https://finance.yahoo.com/news/brownie-marine-group-announces-107-202900973.html
That they blew up the revenue numbers big time:
And so it begins, the siege of the ask walls.
Time to load boat folks.
Why you ask?
Because the revenue more than Doubled. As in up 200%
Brownie’s Marine Group Announces 107.5% Increase in Revenues for Q1-2022 vs. Q1-2021
May 31, 2022 4:29 PM ETBrownie's Marine Group, Inc. (BWMG)
Pompano Beach, FL, May 31, 2022 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced results for the first fiscal quarter ending March 31st, 2022.
Chris Constable, CEO of Brownie’s Marine Group, Inc. stated, “We continue to grow across all business segments and are pleased so far with our Q1-2022 results in comparison to where we were a year ago. Our growth continues to be supercharged by our Blu3 division, so much so, that we decided to front load into Q1 the investments necessary to continue that pace of growth throughout the rest of the year.” Mr. Constable continued, “making those aggressive expenditures in expanding brand recognition this quarter swung us towards a small loss, but we think it’s well worth it to facilitate the pace of growth that we are having in that division in particular.”
Fiscal Q1-2022 Highlights vs. Q1-2021
Total Net Revenues increased 107.5% to $1.97 million for Q1-2022 vs. $950.7 thousand in Q1-2021;
Brownie’s Third Lung revenue increased 24.7% to $581.1 thousand for Q1-2022 vs. $466.0 thousand in Q1-2021;
LW Americas revenue increased 84.4% to $276.8 thousand for Q1-2022 vs. $150.1 thousand in Q1-2021;
BLU3, Inc. revenue increased 137.5% to $792.1 thousand for Q1-2022 vs. $334.6 thousand in Q1-2021;
https://seekingalpha.com/pr/18814749-brownie-s-marine-group-announces-107_5-percent-increase-in-revenues-for-q1minus-2022-vs
Over doubled net revenues year Qtr 1 2022 vs. Qtr 1 2021!!!
Outstanding!!
BWMG!!!!!!
Brownie’s Marine Group Announces 107.5% Increase in Revenues for Q1-2022 vs. Q1-2021
May 31, 2022 4:29 PM ETBrownie's Marine Group, Inc. (BWMG)
Pompano Beach, FL, May 31, 2022 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced results for the first fiscal quarter ending March 31st, 2022.
Chris Constable, CEO of Brownie’s Marine Group, Inc. stated, “We continue to grow across all business segments and are pleased so far with our Q1-2022 results in comparison to where we were a year ago. Our growth continues to be supercharged by our Blu3 division, so much so, that we decided to front load into Q1 the investments necessary to continue that pace of growth throughout the rest of the year.” Mr. Constable continued, “making those aggressive expenditures in expanding brand recognition this quarter swung us towards a small loss, but we think it’s well worth it to facilitate the pace of growth that we are having in that division in particular.”
Fiscal Q1-2022 Highlights vs. Q1-2021
Total Net Revenues increased 107.5% to $1.97 million for Q1-2022 vs. $950.7 thousand in Q1-2021;
Brownie’s Third Lung revenue increased 24.7% to $581.1 thousand for Q1-2022 vs. $466.0 thousand in Q1-2021;
LW Americas revenue increased 84.4% to $276.8 thousand for Q1-2022 vs. $150.1 thousand in Q1-2021;
BLU3, Inc. revenue increased 137.5% to $792.1 thousand for Q1-2022 vs. $334.6 thousand in Q1-2021;
The Net loss remained flat for Q1-2022 vs.Q1-2021;
The Adjusted Net Income (loss) increased to $178.6 thousand for Q1-2022 vs. $97.5 thousand in Q1-2021;
https://seekingalpha.com/pr/18814749-brownie-s-marine-group-announces-107_5-percent-increase-in-revenues-for-q1minus-2022-vs
Would be nice to see a 1st Quarter report!
Just realized that it’s the 31st of May. Would love it if my investment dollars received an update of what’s going on!
What are the odds we'll see the first quarterly report today ahead of the long weekend.?
Not only does $BWMG have a plan, they found Nemo.
I almost forgot, we are waiting on the Q-1, 10-Q.
Buying companies and merging accounting is a PITA... Not my idea of fun, LOL
Not the fun kind of diving, LOL...
It does seem like they have a plan here on taking their business worldwide let's hope that they do execute it well. I do have faith in management here. We should see financials soon they are overdue. Investing in small start-ups could be very rewarding. looking for the next 10Q any day now.
Let's go BWMG!!!
GLTA!!!
General market conditions seem to have gotten the best of the OTC market and stocks like BWMG.
The latest financials were very impressive. The revenue growth is really nice. Looking forward to continued execution by management. Positive sentiment will return in due time and BWMG share price will be poised to benefit.
Anybody besides me expecting blow out rally, like there is no tomorrow, data in the pending 10-Q?
Did they close the purchase in Q-1 or Q-2?
I am thinking Q-2, but did not have time to check,
We are on whale watch now IMO..
I wonder who we will buy next? I vote for Amazon, great synergistic addition for us right?
LOL
I can dream at least....
Has anyone taken a serious look at the last buy that just closed? I have been too busy...
I saw that Mr. balls on the bid here today wanting to load up Nemo's dad $BWMG for Dory's retirement?
400,000 shares bid at .0382!
BWMG!!!
Yes, BWMG is holding up better than the big boys.
Just steady BWMG Nemo sailing, with out sinking like the rest of the market that is down 50-90% on so many stocks (Biotechs selling for less market cap than the cash they have on hand) is a big deal for now...
Only thing up has been inflation, interest rates and gas this year.
Unfortunately that bid is gone
Seems to be the theme lately see a nice bid and it gets whacked
Z
With major stocks getting hammered and nuked and loosing trillions of dollars of market cap, seeing BWMG hold its own, with out crashing like the big boys stonks,
The only thing rallying 10-20% if stuff that fell 50-90% first.
The entire market is disappointing, except for the knife catchers and dip buyer-flippers...
Folks are afraid to buy anything that is not a short term flip in way oversold land right now.
If the volatility drops and markets stabilize, we could see a good summer here with this stock.. Also, The CEO could start doing road shows this year to get new eyes on the stock. But as long as the market is crashing, it may not help rally the stock a lot. Hard to say. The ask walls are not much help either.
Good news is that a bid wall showed up a day ago.
Great news! Thanks for the post.
BWMG!!!!!!!!!!
What I care about is the fact that company, $BWMG is executing and getting things done. Including its second acquisition in about 6 months already.
PR News is out and 8-K is out.
https://www.otcmarkets.com/stock/BWMG/news/Brownies-Marine-Group-Completes-Acquisition-of-Assets-of-Gold-Coast-Scuba-LLC?id=355290
Brownie’s Marine Group Completes Acquisition of Assets of Gold Coast Scuba, LLC.Press Release | 05/03/2022
Pompano Beach, Florida, May 03, 2022 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. (OTCQB: BWMG), (“BWMG” or the “Company”), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced that its new subsidiary, Live Blue, Inc., (“Live Blue”) has completed the acquisition of the assets of Gold Coast Scuba, LLC, (“Gold Coast Scuba”) a dive shop and scuba diving training center operating in Lauderdale-by-the-Sea, Florida.
Live Blue will be initially focused on a creating a pilot program for guided tours, rental, and coaching provided with the Company’s innovative line of products from BLU3. Gold Coast Scuba’s Lauderdale-by-the-Sea facilities and location provides an ideal setting for this initiative since it allows for numerous water and wind-based activities to be launched from shore, including snorkeling, tankless diving, and scuba diving. The long-term goal for BWMG and Live Blue is to develop BLU3 guided tours to water sports activity centers around the world.
“We believe that one of our responsibilities as a company is to continuously grow the next-generation of families getting into the water together for recreation and exploration.
We think the combination of our Live Blue experience centers and our super-friendly entry-point BLU3 tankless diving systems will encourage many more people around the world to enjoy, and ultimately be stewards of our marine eco-systems,” said Robert Carmichael, Chairman of the Company.
See the rest in the PR and the 8-K
Brownie’s Marine Group Completes Acquisition of Assets of Gold Coast Scuba, LLC.
Pompano Beach, Florida – May 3rd, 2022 – Brownie’s Marine Group, Inc. (OTCQB: BWMG), (“BWMG” or the “Company”), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced that its new subsidiary, Live Blue, Inc., (“Live Blue”) has completed the acquisition of the assets of Gold Coast Scuba, LLC, (“Gold Coast Scuba”) a dive shop and scuba diving training center operating in Lauderdale-by-the-Sea, Florida.
Live Blue will be initially focused on a creating a pilot program for guided tours, rental, and coaching provided with the Company’s innovative line of products from BLU3. Gold Coast Scuba’s Lauderdale-by-the-Sea facilities and location provides an ideal setting for this initiative since it allows for numerous water and wind-based activities to be launched from shore, including snorkeling, tankless diving, and scuba diving. The long-term goal for BWMG and Live Blue is to develop BLU3 guided tours to water sports activity centers around the world.
“We believe that one of our responsibilities as a company is to continuously grow the next-generation of families getting into the water together for recreation and exploration. We think the combination of our Live Blue experience centers and our super-friendly entry-point BLU3 tankless diving systems will encourage many more people around the world to enjoy, and ultimately be stewards of our marine eco-systems,” said Robert Carmichael, Chairman of the Company.
“We continue to be focused on mergers and acquisitions as part of our growth strategy. This is our second successful acquisition and integration in the last twelve months, and we continue to be on the lookout for potential businesses and partners that we think we can add value to,” said Mr. Christopher Constable, Chief Executive of the Company.
BWMG’s acquisition of the assets of Gold Coast Scuba is being done through a combination of equity and cash. Newbridge Securities Corporation is acting as the Exclusive M&A Advisor to the Company and The Crone Law Group is acting as the Company’s Legal Counsel.
About Gold Coast Scuba
Gold Coast Scuba is a PADI 5-star dive center located a few blocks from the beach in Lauderdale-by-the-Sea, Florida. For more information, visit: GoldCoastScuba.net.
About Brownie’s Marine Group
The Company owns and operates a portfolio of companies with a concentration in the industrial, and recreational diving industry. The Company, together with its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems, and scuba and water safety products in the United States and internationally. The Company has four subsidiaries focused on various sub-sectors of our industry, including Brownie’s Third Lung in Surface Supplied Air, BLU3, Inc. in Ultra-Portable Tankless Dive Systems, LW Americas in High Pressure Gas Systems and Submersible Systems, Inc. in Redundant Air Tank Systems. The Company’s wholly owned subsidiaries do business under their respective trade names on both a wholesale and retail basis from our headquarters and manufacturing facility in Pompano Beach, Florida, and a manufacturing facility in Huntington Beach, California.
For more information, visit: www.BrowniesMarineGroup.com.
Excellent report why isnt our stock up lets buy more!!!!
It would be great if they can get more exposure. Snorkel venues may add it to the program but it comes with some increased problems liabilites. Taking unprepared down to 30' and a panic assent does not give establishments an incentive to use them as there are more hungry lawyers than divers. Already certified would be the clients to target on vacation that didn't plan on diving or haven't dove in awhile. I have know several dive shop owners and most never got rich doing it, but it offered them great dive trips when they put a group together, book 10 get one free.
One owner I know that sold his shop which was big, had his own pool and did swim lessons as well, kept his online sales business which is where the money was made. I may enter later but for now continue to watch.
Good thoughts. I agree. BWMG will move when we least expect it, IMO.
BWMG!!!!’
One thing I have heard that I like, is that they are learning from, and fixing, mass production labor cost issues, and have been doing that.
In the this market, BWMG is way undervalued, and Amazon lost billions of dollars in the last 10-Q, and is still trading at about $2,400/share with a million times the MC of BWMG.
I have invested in biotechs with share prices in the $5 range that have no revenue and just a 10 Million dollar burn rate facing them just to find if their new idea works 5 to 10 years later in a FDA trial..
I am pretty sure the news wheel, advertising, Vacation summer binge, the new company they are buying, will bring in new eyes and buyers.
And for what it is worth, the BWMG stock has outperformed Amazon, Paypal, Tdoc, and a long list of huge companies that are down 80% and still falling.
It's a good product and I know some that use it. It needs a few small tweaks and that will come over time. I asked before and only got the published known reports but I still want to know where the new revenue stream is going to come from that will make the company money and drive the stock price. It's not the product for the backyard pool
It is a hard stock to figure sometimes. I've seen it move when one would least expect it to. Then, not move when we might expect it to. Also, I've seen delayed reactions to news or reports. Bottom line, though, value is there, IMO.
BWMG!!!!
Definitely not the way I expected this stock to trade after the 10k came.
Pretty disappointing thus far
Adding a new revenue stream should have done something positive
I guess time will
Z
I know, right? She needs to jump into the game! LOL
BWMG!!!!
Time for Nemo to go whaling on the $BWMG ask. Where is Dory when we need her?
Huge YOY 4th Quarter revenue gains!
BWMG!!!!
Brownie’s Marine Group Announces 56.4% Increase in Revenues for Fiscal Year End 2021
Apr. 22, 2022 3:13 PM ETBrownie's Marine Group, Inc. (BWMG)
Pompano Beach, FL, April 22, 2022 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high-pressure air and industrial compressors in the marine industry, today announced results for the fiscal fourth quarter and twelve months ending December 31, 2021.
Chris Constable, CEO of Brownie’s Marine Group, Inc. stated, “We were pleased with our fiscal year 2021 results. We believe that the sales growth of greater than 56% means that our Company is experiencing significant momentum in our markets. This growth was hampered a bit by the worldwide supply chain and logistics challenges leading to higher costs for components and freight, negatively impacting our aggregate margins year over year. Additionally, we invested significantly in human capital to ensure that next year’s sales can continue at a similar pace. While both items affected our profitability for 2021, the Company has adjusted pricing to counter the increased component cost and I also believe that our front-loaded investment in people will pay dividends in the coming year.”
Q4-2021 Highlights
Total revenue increased 115.6% to $2.0 million for Q4-2021 vs. $930 thousand in the same period last year;
BLU3, Inc. revenue for Q4-2021 increased 294% to $1.04 million versus $263.2 thousand in the same period last year;
The Total Adjusted Net Income Loss decreased for Q4-2021 to a loss of $84.3 thousand versus a loss of $314.3 thousand in the same period last year;
Fiscal Year 2021 Highlights(1)
Total revenue increased 56.4% to $6.24 million for FY-2021 vs. $3.98 million in FY-2020;
Brownie’s Third Lung revenue increased 6.4% to $2.9 million for FY-2021 vs. $2.7 million in FY-2020;
LW Americas revenue increased 25.8% to $616 thousand for FY-2021 vs. $489.6 thousand in FY-2020;
BLU3, Inc. revenue increased 191.2% to $2.2 million for FY-2021 vs. $769.7 thousand in FY-2020;
The Total Adjusted Net Income Loss decreased for FY-2021 to a loss of $195.0 thousand versus a loss of $404.6 thousand in FY-2020;
(1) The total revenue, the BLU3 revenue and the Total Adjusted Net Income for 2020 are presented excluding the one-time sale of the Blu3 ventilator program to the U.S. Military of $574,900 during 2020.
Select Financial Metrics: Twelve Months Ended December 31st, 2021, Comparisons
(in thousands) Q4-21 Q4-20 Change FYE21 FYE20 Less: Vent Project FYE 20 net of Vent project Change
Total Net Revenues $ 2,005.00 $ 930.00 115.59 % $ 6,227.40 $ 4,556.00 $ 574.90 $ 3,981.10 56.42 %
Brownie’s Third Lung $ 477.30 $ 529.60 -9.88 % $ 2,897.20 $ 2,721.80 $ 0.00 $ 2,721.80 6.44 %
LW Americas $ 138.90 $ 137.20 1.24 % $ 616.00 $ 489.60 $ 0.00 $ 489.60 25.82 %
BLU3, Inc. $ 1,037.10 $ 263.20 294.03 % $ 2,241.40 $ 1,344.60 $ 574.90 $ 769.70 191.20 %
Submersible Systems, Inc. $ 351.70 - NM $ 472.80 - - - NM
Operating Income (loss) $ (623.40 ) $ (693.60 ) -10.12 % $ (1,852.7 ) $ (1,333.10 ) $ 280.40 $ (1,564.07 ) 14.82 %
Net Income (loss) $ (517.00 ) $ (697.40 ) -25.87 % $ (1,588.5 ) $ (1,351.6 ) $ 280.40 $ (1,702.10 ) -2.67 %
Adjusted Net Income (loss) $ (84.33 ) $ (314.27 ) -73.16 % $ (195.02 ) $ (57.23 $ 461.80 $ (404.58 ) -51.80 %
NM = not measurable/meaningful
Operational Highlights
May 2021 – BWMG announced that they have entered into an exclusive distributor agreement with Chrysalis Trading CC DBA Bright Weights for the US and the Caribbean.
September 2021 – BWMG completed its first acquisition, Submersible Systems, Inc. based out of Huntington Beach, California.
October 2021 – BWMG’s subsidiary, BLU3, Inc. launched its next-generation Ultra-Portable Tankless Dive System, the Nomad.
Non-Operational Highlights
In May 2021, BWMG announced that their subsidiary, BLU3, Inc. established a working partnership with Aquarium and Shark Lab by Team ECCO in their mission to introduce and educate children and adults in Western North Carolina to the ocean and its inhabitants.
In August 2021, BWMG employees attended a coastal conservation clean-up hosted by Force Blue & Pepsi Stronger Together in Lauderdale-by-the-sea, Florida.
Robert M. Carmichael, President and Chairman of the Board added, “We believe that part of our mission here at Brownie’s is to be part of the growth of the marketplace for recreational water exploration and conservation. By educating new users to enjoy our products, we are hopefully creating new customers, but also folks who will be good stewards of our oceans over the long-term. To that end, we have recently launched a new subsidiary called Live Blue, a pilot program for guided tours, rental, and coaching provided with the Company’s innovative line of products from BLU3. We are launching in conjunction with our acquisition of Gold Coast Scuba, LLC, a dive shop and scuba diving training center operating in Lauderdale-by-the-Sea, Florida.” Mr. Carmichael further added, “Our products are designed to be a fun, safe and easy way entry point to get a larger audience of people to come and enjoy our waters, and that building the marketplace will be a win-win for everyone involved.”
Non-GAAP Financial Measures
This press release includes certain financial measures that exclude the impact of certain items and therefore have not been calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). We report adjusted net income (loss) to measure our overall results because we believe it better reflects our net results by excluding the impact of non-cash equity-based compensation. We believe the presentation of adjusted net income (loss) enhances our investors’ overall understanding of the financial performance of our business.
We believe that investors should have access to the same set of tools that we use in analyzing our results. This non-GAAP measure should be considered in addition to results prepared in accordance with GAAP but should not be considered a substitute for or superior to GAAP results.
The following is an unaudited reconciliation of adjusted net income (loss) to net income (loss) for the periods presented:
Three Months Ended December 31, Twelve Months Ended December 31, Nine Months Ended September 30,
2021 2020 2021 2020 2021 2020
Net income (loss) $ (517,002 ) $ (697,419 ) $ (1,588,467 ) $ (1,351,619 ) $ (1,071,465 ) $ (654,200 )
plus:
Stock issued for services $ 57,690 $ 57,758 $ 238,642 $ 308,479 $ 180,952 $ 250,721
Stock-based compensation incentive bonus shares issued to CEO and employees - - - $ 241,670 - $ 241,670
Stock-based compensation – options $ 374,977 $ 325,395 $ 1,154,801 $ 858,695 $ 779,824 $ 533,300
Adjusted net income (loss) $ (84,335 ) $ (314,266 ) $ (195,024 ) 57,225 $ (110,689 ) $ 371,491
About Brownie’s Marine Group
Brownie’s Marine Group, Inc., owns and operates a portfolio of companies with a concentration in the industrial, and recreational diving industry. The Company, together with its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems, and scuba and water safety products in the United States and internationally. The Company has four subsidiaries focused on various sub-sectors of our industry, including Brownie’s Third Lung in Surface Supplied Air, BLU3, Inc. in Ultra-Portable Tankless Dive Systems, LW Americas in High Pressure Gas Systems and Submersible Systems, Inc. in Redundant Air Tank Systems. The Company’s wholly owned subsidiaries do business under their respective trade names on both a wholesale and retail basis from our headquarters and manufacturing facility in Pompano Beach, Florida, and a manufacturing facility in Huntington Beach, California.
For more information, visit: www.BrowniesMarineGroup.com.
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission (the “SEC”) on April 22, 2022, and our other periodic and quarterly filings with the SEC.
Source: Brownie’s Marine Group, Inc.
Contact Information: (954) 462-5570
info@browniesmarinegroup.com
https://www.globenewswire.com/newsroom/ti?nf=ODUyNzM5OCM0ODY1NjcxIzUwMDAyNTU5OA==
Lots of good info in this 10K, looking for more in the coming weeks!!!
Diving and Snorkeling Industry
The Sports, Fitness Industry Association (“SFIA”) estimated there were 2.6 million participants in the U.S. scuba diving market in 2020. According to a report published by the Dive Equipment Manufacturing Association (“DEMA”) in first quarter 2021, there were approximately 87,000 new participants in U.S. diving market in 2020 as compared to approximately 151,000 in 2019. DEMA attributes the drop in new open water certifications in 2020 primarily to the pandemic.
In contrast, the SFIA study indicated that participation in snorkeling increased by nearly 1% in 2020 as compared to 2019 with estimated participation of 7.7 million in the U.S.
The Company intends to enter the tourist market via a guided tour program that is currently intended to be launched in the second quarter of 2022. The Company sees the guided tour model as an important building block in introducing its battery powered diving products to the consumer market. Additionally, this model will not only give consumers the opportunity to “try before you buy”, but also provide experiential training for the consumer to increase enjoyment and safety of our diving products.
8 Billion new buyers?
That would do it...
Do you know how many infants drown in shallow water....?
NEMO to the rescue?
"Where do you see a continued increase coming from to grow revenues?"
Nemo by $BWMG
Like snorkeling, but better.
$BWMG is disrupting the $25 billion per year scuba diving industry.
$BWMG owns The Nemo, the world's smallest, portable, battery operated dive system. Nemo is $BWMG's fastest growing product.
Nemo is available on Amazon ($AMZN) and has been rated 5 stars by consumers!
Watch Nemo in action!
Nemo has an aesthetically pleasing Instagram with a growing following. And they've recently joined Tik-Tok as well:
Nemo is driving serious revenue growth at $BWMG, as evidenced by their
quarterly report in November and management commentary:
They introduced a brand new product to the market and generated over $1 million in sales through Q3. How many OTC stocks can say that?!?!
Judging by reviews on Amazon, and their own commentary from Q3, sales trends are clearly going in the right direction!
As the above financial snapshot shows, $BWMG has other products too. Their "Third Lung" product contributed over $2 million in sales through Q3 2020.
That is a 24% improvement compared to the same period in 2019. $BWMG has direct exposure to the boating industry through their diving products.
The boating industry is BOOMING thanks to Covid-fueled trends! Just see headlines like these:
What's good for the boating industry is good for the recreational diving industry as well. All of this directly benefits $BWMG!
$BWMG recently uplisted to the OTCQB, showing management is serious about adding value to shareholders.
Insiders own 75% of the outstanding shares leaving only 77 million shares in the float:
Of those 77 million shares, more than 50% are owned by members of this iHub board who are committed shareholders and big believers in $BWMG!
The bottom line on $BMWG
The company has REAL sales from REAL products. That alone puts it ahead of 99.9% other OTC stocks.
We're waiting on the next sales figures (expected on March 31st, 2021) and when the rest of the OTC world wakes up and
sees the success $BWMG is having, the stock will likely trade much, much higher!
Can you imagine how many Nemo's they're going to sell as the economy opens back up and everyone hits the beach???
Forward looking events to be excited about $BMWG
1) Q4 Financials are due out by March 31, 2021. We're expecting to see more sales growth!
2) The Reopening of the economy will bring a ramp up in travel and tourism which should benefit the recreational diving industry and $BWMG!
3) Nemo's next generation product, Nomad, is slated for release this summer! Nomad can go 20-30 FT deep!
Below are links to other important info for $BWMG:
Link to otcmarkets.com profile
Link to all Press Releases
More info on Nemo
Info on the Third Lung
Info on the Sea Lion
Latest quarterly report
Summary DD post
BWMG Contact Info
Brownie's Marine Group, Inc.
3001 NW 25th Ave. Suite 1, Pompano Beach, FL 33069
Phone: 954-462-5570
Fax: 954-462-6115
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