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You're exactly right, IMO. It appears that someone needed some Christmas money and didn't have the time or patience to wait and watch this pps go up 10 to 25 fold. Big mistake on their part, IMO, but each to his own. He or she may not have had a choice but to sell. Hope they made a profit.
BWMG!!!!!!!
I had an buy order in at .02 and got those, then I was out of pocket and missed the big dip. Dang! A friend of mine, however said he got 400K between .0158 and .0178. I congratulated him. I think he has between 2 and 3 million shares now. I remember seeing a crazy sell like that one time before and BWMG skyrocketed right after. Maybe history repeats itself.
BWMG!!!!!!!!
Very nice day, today!
Tomorrow could be interesting.
SMAA!
I don't know, but I got some at .0206! I'm ok with it.
BWMG!!!
SANUWAVE Health Crushes Q3 Revenue Expectations; Sales Increase 895% As UltraMIST(R) Adds Accretive Punch To Already Strong Wound-Care Device Pipeline
8:14 am ET December 3, 2020 (Newsfile) Print
Miami Beach, Florida--(Newsfile Corp. - December 3, 2020) - SANUWAVE Health (OTCQB: SNWV) published a blowout quarter in November that showed revenue increasing by roughly 895% to $1,966,896 compared to the same period in 2019. The report was bullish from a value-trade perspective. But it also detailed how the company is exceptionally well-positioned to add immediate and accretive revenue streams from its acquisition of UltraMIST® along with two important biologics, BIOVANCE® and Interfyl®, licensed from Celularity in the same deal.
The report left little doubt that the quarter was robust on the revenue side- they posted record levels. But, as good as that achievement is, investors are evaluating several new tangibles that can position the company to achieve even greater success in the coming weeks and months. First, a developing revenue stream from its biologics assets, especially BIOVANCE, should not go unnoticed. Second, the combination-therapy potential from its DermaPACE and UltraMIST diabetic wound-care devices can be best-in-class alternatives to current and painful treatments. That, of course, opens the door to substantial front-line opportunities. And, third, an uplist of the stock to a more senior exchange is imminent. The combination of the three made the third-quarter transformational. It may set-up the fourth-quarter as the breakout period.
What matters most is that SANUWAVE's FDA-cleared combination treatment is effective, which is the most critical part of the equation. As a result, the devices and therapy are earning reimbursement coverage from the largest Medicare/Medicaid Administrators in the country. BIOVANCE, too, is achieving its share of reimbursement inclusions, which adds an additional revenue source to the already record-setting numbers.
Revenue can grow for additional reasons.
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Interesting! We may see, in coming weeks, that BWMG may be in need for their version of the ventilator.
BWMG!!
Amen! Good times ahead!
BWMG!!
Not sure how to interpret, but let us know if your dream tonight includes NEMO at Target store. I may, then, have an interpretation. LOL.
BWMG!!!
I agree. Welcome to the board.
BWMG!!!!
Why do you think JCPNQ is up today?
Yes, good news. The lid can't stay on BWMG much longer. It has to blow off soon!
BWMG!!!
BWMG: Keeps getting better!!
BWMG!!!!
Hope you have a Happy Thanksgiving, as well.
BWMG!!!!
May have hit .14 on a spike. I seem to remember a spike to .09, but I could have missed the .14. Seems that most of the action was in the .04 to .05 range with a little trading in the .07 range. Regardless, that's been a while and now I believe we have the potential of reaching multiple times those amounts. Zip Code Changer for many, IMO.
BWMG!!!!
Thanks for the trip down memory lane. BWMG has been my favorite stock for a long time, and I know, yours too. I'm a firm believer that we see strong gains from here in the not too distant future. I've been buying regularly, including 7 times in the last month. And yes, I do remember those numerous sub penny buys of the past. I also remember once when someone dumped a good number of shares at something like .003, or so. Within a couple of weeks after that, BWMG jumped to around .04 to .05. It was wonderful! I feel that BWMG is in much better shape now than it was then. We can be a very solid company with growing revenues and regular profitable quarters not too far down the road. JMO. Good hearing from you.
BWMG!!!
Nice post. BWMG has been my favorite stock for a long time and prospects of big success now looks better than ever, IMO.
BWMG!!!!!!!
L&W Compressors.
BWMG!!
Yep! Brownies is getting it together.
BWMG!!
Maybe tomorrow.
Absolutely! This one moves on air! And today is just the beginning, IMO!
BWMG!!!
Higher price tomorrow, IMO.
BWMG!!!
Yes! That's what I was hoping for! I expect more will be buying before close as tomorrow BWMG may be bumped up. This is just the beginning for BWMG rise, IMO.
BWMG!!!
Agreed! I would like to see volume up more, but I know this is a low float stock and I have also noticed that it takes a bit of time for news to saturate. Maybe this will improve with the new CEO.
BWMG!!!!
Could really run with this report and the added potential down the road. Just need the word to get around to some other boards. BWMG can almost run on air!
BWMG!!
Should be due. Got a good report on another of my stocks today. Would be nice to get report on SNWV.
$BWMG ~ Brownie’s Marine Group Announces 98.6% Increase in Net Revenues, 3.3% Net Profit Margin for Fiscal Third Quarter 2020
Press Release | 11/16/2020
POMPANO BEACH, FL, Nov. 16, 2020 (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 third quarter and nine months ending September 30, 2020.
"Brownie’s had a strong third quarter despite the challenges facing the country and the economy thus far in 2020. We believe that COVID19 has brought families back together and looking for outdoor, fun activities that they can share as a family unit. In our primary market of warm water destinations, we believe that the Brownie’s Third Lung and Nemo systems are the perfect family fun activity." said Christopher Constable, Chief Executive Officer. "The third quarter showed a great recovery from Q2, and we can feel the momentum building for our products. The Nemo product line is finding acceptance across the globe and has developed a great platform to help complete the vertical integration of the diving experience. The company is in a great cash position heading into the fourth quarter, and is focusing on flattening our seasonality curve by focusing on sub-equatorial geographical diving areas that will expand demand during the traditionally winter months in the US.”
3rd Fiscal Quarter Highlights
Net Revenues increased 98.6% to $1.7 million versus $.8 million last year;
Net Income was $.05 million versus a loss of $.32 million last year;
Adjusted Net Income was $309,200 versus ($113,000) in the same period last year; and
At the close of the third quarter, cash and cash equivalents totaled $769,600, and a working capital balance of $770,236.
Nine Months ended September 30, 2020 Highlights
Net Revenues increased 62.3% to $3.6 million versus $2.2 million last year;
Revenue from BLU3, launched in Q4, 2019, contributed $1.1 million for the nine months ended September 30, 2020 or 79% of overall growth. The BLU Vent project accounted for 15.8% of consolidated revenues for the nine month period.
Net Loss through Q3, 2020 was ($0.6) million versus ($0.8) million for Q3 last year; and
Adjusted Net Income for the nine months ending September 30, 2020 was $371,500 versus ($468,400) in the same period last year.
Select Financial Metrics: Fiscal 3rd Quarter and Nine Months Ended
September 30, 2020 Comparisons
(in thousands) Q320 Q319 Change YTD20 YTD19 Change
Total Net Revenues $ 1,670.6 $ 841.4 98.6 % $ 3,626.0 $ 2,233.6 62.3 %
Legacy SSA Products – Brownies Third Lung $ 1,271.7 $ 683.0 86.2 % $ 2,192.2 $ 1,762.5 24.4 %
High Pressure Gas Systems – LW Anerica’s $ 79.0 $ 158.4 -50.1 % $ 352.4 $ 471.1 -25.2 %
Ultra-Portable Tankless Dive Systems – Blu3 $ 320.2 $ 0.0 NM $ 1,081.4 $ 0.0 NM
Operating Income (loss) $ 59.0 ($ 319.9 ) 118.4 % ($ 639.5 ) ($ 820.5 ) 22.1 %
Net Income (loss) $ 56.5 ($ 322.0 ) 117.5 % ($ 654.2 ) ($ 826.3 ) 20.8 %
Adjusted Net Income (loss) $ 309.9 ($ 11330 ) 373.6 % $ 371.5 ($ 468.4 ) 179.3 %
NM = not measurable/meaningful
Q4 2020 Commentary
"We have great momentum heading into the fourth quarter. We are looking to see further value come from our digital marketing program with Figment Design, and are expecting big things from our Nemo products as we head into the holiday season” says Robert M. Carmichael, President and Chairman of the Board, "We expect our partnership with Amazon,com along with other methods to get the Nemo in front of the public during the holidays to expand our customer base and bring an entire new group of divers into the market.”
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 September 30, Nine Months Ended September 30,
2020 2019 2020 2019
Net income (loss) $ 56,535 $ (321,964 ) $ (654,200 ) $ (826,315 )
plus:
Stock issued for services 28,046 102,875 250,721 252,127
Stock-based compensation incentive bonus shares issued to CEO and employees 5,862 — 241,670 —
Stock-based compensation – options 218,505 105,761 533,300 105,761
Adjusted net income (loss) $ 308,948 $ (113,328 ) $ 371,491 $ (468,427 )
About Brownie’s Marine Group
Brownie’s Marine Group, Inc., is the parent company to a family of innovative brands with a unique 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 three subsidiaries: Trebor Industries, Inc., founded in 1981, dba as “Brownie’s Third Lung”; BLU3, Inc.; and Brownie’s High-Pressure Services, Inc., dba LW Americas. The Company is headquartered in Pompano Beach, Florida.
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, 2019 as filed with the Securities and Exchange Commission (the “SEC”) and our other periodic and quarterly filings with the SEC.
Source: Brownie’s Marine Group, Inc.
Contact Information: (954)-462-5570
investors@browniesmarinegroup.com
https://www.otcmarkets.com/stock/BWMG/news?id=280315
$BWMG ~ Brownie’s Marine Group Announces 98.6% Increase in Net Revenues, 3.3% Net Profit Margin for Fiscal Third Quarter 2020
Press Release | 11/16/2020
POMPANO BEACH, FL, Nov. 16, 2020 (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 third quarter and nine months ending September 30, 2020.
"Brownie’s had a strong third quarter despite the challenges facing the country and the economy thus far in 2020. We believe that COVID19 has brought families back together and looking for outdoor, fun activities that they can share as a family unit. In our primary market of warm water destinations, we believe that the Brownie’s Third Lung and Nemo systems are the perfect family fun activity." said Christopher Constable, Chief Executive Officer. "The third quarter showed a great recovery from Q2, and we can feel the momentum building for our products. The Nemo product line is finding acceptance across the globe and has developed a great platform to help complete the vertical integration of the diving experience. The company is in a great cash position heading into the fourth quarter, and is focusing on flattening our seasonality curve by focusing on sub-equatorial geographical diving areas that will expand demand during the traditionally winter months in the US.”
3rd Fiscal Quarter Highlights
Net Revenues increased 98.6% to $1.7 million versus $.8 million last year;
Net Income was $.05 million versus a loss of $.32 million last year;
Adjusted Net Income was $309,200 versus ($113,000) in the same period last year; and
At the close of the third quarter, cash and cash equivalents totaled $769,600, and a working capital balance of $770,236.
Nine Months ended September 30, 2020 Highlights
Net Revenues increased 62.3% to $3.6 million versus $2.2 million last year;
Revenue from BLU3, launched in Q4, 2019, contributed $1.1 million for the nine months ended September 30, 2020 or 79% of overall growth. The BLU Vent project accounted for 15.8% of consolidated revenues for the nine month period.
Net Loss through Q3, 2020 was ($0.6) million versus ($0.8) million for Q3 last year; and
Adjusted Net Income for the nine months ending September 30, 2020 was $371,500 versus ($468,400) in the same period last year.
Select Financial Metrics: Fiscal 3rd Quarter and Nine Months Ended
September 30, 2020 Comparisons
(in thousands) Q320 Q319 Change YTD20 YTD19 Change
Total Net Revenues $ 1,670.6 $ 841.4 98.6 % $ 3,626.0 $ 2,233.6 62.3 %
Legacy SSA Products – Brownies Third Lung $ 1,271.7 $ 683.0 86.2 % $ 2,192.2 $ 1,762.5 24.4 %
High Pressure Gas Systems – LW Anerica’s $ 79.0 $ 158.4 -50.1 % $ 352.4 $ 471.1 -25.2 %
Ultra-Portable Tankless Dive Systems – Blu3 $ 320.2 $ 0.0 NM $ 1,081.4 $ 0.0 NM
Operating Income (loss) $ 59.0 ($ 319.9 ) 118.4 % ($ 639.5 ) ($ 820.5 ) 22.1 %
Net Income (loss) $ 56.5 ($ 322.0 ) 117.5 % ($ 654.2 ) ($ 826.3 ) 20.8 %
Adjusted Net Income (loss) $ 309.9 ($ 11330 ) 373.6 % $ 371.5 ($ 468.4 ) 179.3 %
NM = not measurable/meaningful
Q4 2020 Commentary
"We have great momentum heading into the fourth quarter. We are looking to see further value come from our digital marketing program with Figment Design, and are expecting big things from our Nemo products as we head into the holiday season” says Robert M. Carmichael, President and Chairman of the Board, "We expect our partnership with Amazon,com along with other methods to get the Nemo in front of the public during the holidays to expand our customer base and bring an entire new group of divers into the market.”
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 September 30, Nine Months Ended September 30,
2020 2019 2020 2019
Net income (loss) $ 56,535 $ (321,964 ) $ (654,200 ) $ (826,315 )
plus:
Stock issued for services 28,046 102,875 250,721 252,127
Stock-based compensation incentive bonus shares issued to CEO and employees 5,862 — 241,670 —
Stock-based compensation – options 218,505 105,761 533,300 105,761
Adjusted net income (loss) $ 308,948 $ (113,328 ) $ 371,491 $ (468,427 )
About Brownie’s Marine Group
Brownie’s Marine Group, Inc., is the parent company to a family of innovative brands with a unique 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 three subsidiaries: Trebor Industries, Inc., founded in 1981, dba as “Brownie’s Third Lung”; BLU3, Inc.; and Brownie’s High-Pressure Services, Inc., dba LW Americas. The Company is headquartered in Pompano Beach, Florida.
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, 2019 as filed with the Securities and Exchange Commission (the “SEC”) and our other periodic and quarterly filings with the SEC.
Source: Brownie’s Marine Group, Inc.
Contact Information: (954)-462-5570
investors@browniesmarinegroup.com
https://www.otcmarkets.com/stock/BWMG/news?id=280315
Me, too.
BWMG!!!
Profitable! Growing!!
BWMG!!!
I love the progress!!
BWMG!!!
I would think so. 45 days after end of quarter.
Link for the 8k:
https://www.otcmarkets.com/filing/html?id=14494736&guid=CiZeUe4whc9v8th
BWMG!!!!
I like the performance based incentives. That should be a positive motivation and with the milestones reached, we shareholders would be in the money, as well.
BWMG!!!!
Amen!
Hopefully, we'll see some upward action soon.
10Q should be out soon. I believe it could be a good one.
BWMG!!
Question: Do all shareholders need to fill out and opt-out form? If so, does anyone have a copy of one they can post.
Thanks.
Sales will be thru the roof on Amazon, IMO!
BWMG!!!!
Buying time! Picked up more yesterday.
DMAN!!!
Buying time! Picked up more yesterday.
DMAN!!!