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210,000 traded this morning at .17! Price moving up!
That's a good number to start with!
BWMG!!!
Tried to buy some GNPG today, but still can't buy at Ameritrade.
I look for DMAN to pick up steam in January. January has always been a good month for me. Picked some up earlier today.
Exactly! Looks like tax loss selling is over and I expect a nice rebound in January.
BWMG!!!
Adding more INND today. End of year bargain, IMO.
INND!!!
IMO, it looks that way.
SNWV up 57.89% today.
Agreed! Nice post!
BWMG!!!
Nice!
BWMG!!
Very nice post! Been holding and adding. Patience will pay hugely here, IMO. A little tax selling now allowing big time bargains for buyers. Then watch out after the 1st of the year. Up, up, up. All my opinion, but I have extra sideboards for my truckload and about to have to get a bigger truck!
BWMG!!!!!!!!!!!!!
I agree!
BWMG!!!!
DMAN is coming back a bit today.
Good analysis.
BWMG!!!!
Brownie’s Marine Group Announces 16.5% Increase in Revenues YTD ending September 30, 2021 vs. Last Year
Press Release | 11/23/2021
Pompano Beach, FL, Nov. 23, 2021 (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 30th, 2021.
Chris Constable, CEO of Brownie’s Marine Group, Inc. stated, “The Company continued sales growth momentum, albeit at a slower rate than the first six months due to the worldwide supply chain issues everyone is experiencing. We continue to invest in human capital to ensure that the growth we are experiencing will not diminish our customer service, and ensure that we are able to take advantage of every opportunity at profitability.”
3rd Fiscal Quarter Highlights
? Pre-launch of BLU3, Inc.’s Nomad reached capacity for the first production allotments for September, and October;
? The Company completed its first acquisition. The acquisition of Submersible Systems, Inc. strengthened our balance sheet, added manufacturing capacity and new product lines that fit perfectly into our portfolio of products;
? Total net adjusted revenue increased 38.4% to $4.22 million YTD vs. $3.62 million in the same period last year;
? Core business net revenue, excluding the one-time sale of the Blu3 ventilator program to the U.S. Military of $574,900 during the first nine months of 2020, increased 38.9% to $4.22 million versus $3.05 last year;
? LW Americas year over year revenue for Q3, 2021 increased 51.1% to $119,400 versus $79,000 last year;
? BLU3’s year over year revenue for Q3, 2021 (net of the BLU3Vent ventilator sale) increased 68.2% to $341,300 versus $202,900 last year;
? At the close of the third quarter, cash and cash equivalents totaled $860,800, and the Company had a working capital surplus of $1,743,800.
Select Financial Metrics: Nine Months Ended September 30th, 2021, Comparisons
(in thousands) YTD21 YTD20 Less: Vent Project YTD-20 net of Vent project Change
Total Net Revenues $ 4,222.40 $ 3,626.00 $ 574.90 $ 3,051.10 38.39 %
Legacy SSA Products – Brownies Third Lung $ 2,419.90 $ 2,192.20 - $ 2,192.20 10.39 %
High Pressure Gas Systems – LW America’s $ 477.10 $ 352.40 - $ 352.40 35.39 %
Ultra-Portable Tankless Dive Systems – Blu3 $ 1,204.30 $ 1,081.40 574.90 $ 506.50 137.77 %
Redundant Air Tank System – Submersible Systems $ 121.10 - $ 0.00 $ 121.10 100.00 %
Operating Income (loss) ($ 1,229.30 ) ($ 698.40 ) $ 280.40 ($ 978.80 ) -25.59 %
Net Income (loss) ($ 1,071.50 ) ($ 710.70 ) $ 280.40 ($ 991.10 ) -8.11 %
Adjusted Net Income (loss) ($ 110.69 ) $ 62.34 $ 461.80 ($ 399.46 ) 72.29 %
NM = not measurable/meaningful
Chris Constable, CEO of Brownie’s Marine Group, added, “While the headline sales growth number is not as high as it was in the earlier part of the year, that’s purely a result of the global supply chain constraints that obviously we cannot control. The demand for our products continues to grow, and we believe that will be reflected in future quarters as these global logistics issues get sorted out.”
Robert M. Carmichael, President and Chairman of the Board added, “We are also excited to have officially completed the acquisition of Submersible Systems and start working with their team to help grow their operations. It’s the first major acquisition we have made in quite some time, and the first step in an M&A strategy we have put together to find unique companies in our industry that we can help scale and fit into the larger company we are building. We are continuing to pursue this strategy aggressively, and we are looking forward to announcing more about these efforts over the next several quarters.”
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:
Nine Months Ended September 30,
2021 2020
Net income (loss) $ (1,071,465 ) $ (654,200 )
plus:
Stock issued for services 180,952 $ 250,721
Stock-based compensation incentive bonus shares issued to CEO and employees - $ 241,670
Stock-based compensation – options $ 779,824 $ 533,300
Adjusted net income (loss) $ (110,689 ) $ 371,491
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, 2020, as filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2021, and our other periodic and quarterly filings with the SEC.
Source: Brownie’s Marine Group, Inc.
Contact Information: (954)-462-5570
investors@browniesmarinegroup.com
Investor Relations: Hayden IR
Contact: Brett Maas (646) 536-7331
brett@haydenir.com
Yep!
BWMG!!!!
Volume picking up today.
SNWV!!
Yep! Added a bunch here today!
DMAN!!!!
Thanks. I wasn't sure.
BWMG!!!!
NT 10Q filed, meaning company now has permission for late report. Can't remember but I'm thinking they now have another week or two, to report.
https://www.otcmarkets.com/filing/html?id=15358636&guid=AV3wkn4B4DwfJth
10Q should be out today, though it may be after market close. JMO.
Get 'em while they're cheap. Again, JMO.
BWMG!!!!
Added some cheapies today!
BWMG!!!!
Nice!!
INND!!!!!!
Nov. 15.
BWMG!!!
He will be a winner for us, IMO.
BWMG!!!!!!!
Just noticed another 199,999 share bidder on Level II at .04 along with the 1,463,100 bidder!
BWMG!!!
Yes, agreed!
BWMG!!
Someone jumped the bid and is at .0410, but ask is now .0484. Last trade .0445. 10Q getting close.
BWMG!!!
There's $58,524.00 on the bid right now. Wonder if someone knows what's coming in the 10Q?
BWMG!!!!!
1,463,100 shares now on bid at .04. Ask is .042
BWMG!!!!!!!
The Brownie’s Marine Group of Companies products will be on display at the Ft. Lauderdale International Boat Show in Fort Lauderdale, FL
Press Release | 10/28/2021
Pompano Beach, FL, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer, and distributor of tankless dive equipment as well as high-pressure air and industrial compressors in the marine industry, will have all of their brands and products on display at the Ft. Lauderdale International Boat Show (October 27-31, 2021) at the Ft. Lauderdale convention center and marinas at Bahia Mar.
“The Ft. Lauderdale International Boat Show has always been an integral part of connecting the Brownie’s lines of product with the yachting and boating communities around the world. It is a great opportunity to showcase our products through our retail partners throughout the many venues of the show. We will we be introducing BLU3’s Nomad to the market, but also we will be displaying our Lithium Ion powered SeaLiOn Third Lung system, both with various placements throughout the show.” Said Chris Constable, CEO of Brownie’s Marine Group, Inc. “With the show back to full capacity this year we are happy to support our retail partners in exposing this broad market of consumers to all of our brands.”
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 four subsidiaries: Trebor Industries, Inc., dba as “Brownie’s Third Lung”; BLU3, Inc., manufacturer of the Nemo and Nomad; Brownie’s High-Pressure Services, Inc., dba LW Americas and Submersible Systems Inc., manufacturer of Spare Air The Company is headquartered in Pompano Beach, Florida with offices in Huntington Beach, CA.
For more information, visit: BrowniesMarineGroup.com.
About Ft. Lauderdale International Boat Show
The Fort Lauderdale International Boat Show is the greatest boat show on the seven seas. Owned by the Marine Industries Association of South Florida (MIASF) and produced by Informa Markets, the Fort Lauderdale International Boat Show (FLIBS) is recognized as the largest in-water boat show in the world.
Located steps from the beach in sunny South Florida, FLIBS spans nearly 90 acres across three million square feet of exhibit space that is connected by an intricate network of water and ground transportation services. The five-day show attracted over 100,000 attendees and 1,000 exhibitors representing 52 countries with more than 1,300 boats on display in 2019. Products range from sunglasses to superyachts and everything in between. The show takes place October 27-31.
For more information, visit: FLIBS.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, 2020, 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
Brownie’s Marine Group, Inc
Added more INND today. Think this may rocket!
Yes!
BWMG!!
Agreed!
Added more DMAN!
Sounds huge! Wonder what the buy in price is?
DMAN!!!
I agree! Good times ahead!
BWMG!
DMAN is on the move!
That is good news. There should be a lot of sales before Christmas.
BWMG!!!
I would have to strongly agree with that.
BWMG!!!