Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nice! Good times coming, IMO.
BWMG!!!!
Added at .035. Bout to bounce, IMO
BWMG!!!!
Yes! Very nice news today!
MVNT!!!!
Wish I knew. Not sweating it because I really don't have a logical choice, but to wait. Riding free shares helps.
GNPG!
Yep! Keep it up Robert!
BWMG!!!!!!
A little over 1.5 million shares Tues - Friday of last week.
A little over 1.5 million shares Tues - Friday of last week.
I totally agree with your assessment. No other reason I know of to sell at these prices unless someone has to cover margin calls.
BWMG!!!
There were numerous shares traded last week at the bid. Not sure quite how that occurred unless it was MMs allowed to buy. ?
Must be market makers that have been loading on the bid.
8K link below relative to You Tube influencers:
https://www.otcmarkets.com/filing/html?id=15228456&guid=cEI9kq2e-NNocth#EX99-1_HTM
Yep, love it!
BWMG!!!!!!!!
It can go either way. Made a lot on OTC stocks, though.
That's true, at this point, however you may some day pay .15.
GNPG!
Yep. Good future ahead for BWMG holders, IMO.
They do need to get that done. Can you imagine how much GNPG might rise when that happens? That's what I'm holding for. No use selling at this point. JMO.
Yep. Still waiting, not selling at these prices. Would buy more, but can't.
I hold a fair amount, but I would be buying if Ameritrade would allow me too. I have to believe the company will get things straight and brokerage firms will all jump back on board. I believe there is too mush potential value for that not to happen. JMO.
Good news on acquisition!
BWMG!!!
I like this part:
“Submersible Systems had revenue of approximately $1.8M in 2019 reduced by the effects of COVID on their customer base in 2020 to $1.4M. We believe that their balance sheet is strong, and they have excess capacity that will provide a warehousing or production advantage on the west coast.”
BWMG!!!
Very nice acquisition, IMO. Good to see it completed! Brownies is getting bigger!
BWMG!!!!!!
Yep, looking forward to that.
BWMG!!!
Yes. I'm also wondering if the ventilator might be coming back into play, what with all the bounce back of COVID?
BWMG!!!
Too cheap now. Just added.
MVNT!!!
Yes, very nice!
BWMG!!!
Thank you.
Yep! Breakout coming, IMO.
BWMG!!!
Yes, agreed. Company is moving in right direction with acquiring these types of relationships.
BWMG!!!
Thanks. That is a little scary. Maybe they changed their mind.
GNPG!!
Not a clue on timing of financials, but I'm thinking they will get it done. I, as you, sold some over .12. Also, sold some on the way up, under .12. Have been doing a little trading since then, but hold a core position for long term. Been in a good while. My lowest buys among shares I still have, are at .0052. Good luck to you.
GNPG!!
Bought some today at .057.
GNPG!!!
Right place, right time!
GNPG!!!!!
Been adding at these low prices!
DMAN!!!
Huge bidder at .05! 454500!
BWMG!!!
Nice buying in last 4 minutes!
BWMG!!!!
L&W rise is, indeed, good to see.
BWMG!!!
I was referring to overall revenue and percentage gained YOY. Overall revenue is more in line with what we're actually paying for when we buy stock, not just one product. I suspect Nomad will pick up big in Qtr 3. It wasn't available in Qtr 2. It's always good to see more, but we are looking at the share price of .05, not $1.00 or more.
BWMG!!!
Moving up! Big bidder at .072!
GNPG!!!
This is huge increase when you take out the BluVent project from last year:
(in thousands) Q2-21 Q2-20 Less: Blu3Vent Project Q2-20 (net of Vent project) % Change
Total Net Revenues $ 1,712.50 $ 1,320.50 $ (457.80 ) $ 862.70 98.55 %
98.5%!!!
BWMG!!!!
Brownie's Marine Group Announces 29.7% Increase in Revenues for Q2-2021 vs. Q2-2020
9:00 am ET August 16, 2021 (Globe Newswire) Print
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 second quarter and six months ending June 30, 2021.
Chris Constable, CEO of Brownie's Marine Group, Inc. stated, "Brownie's Marine Group continues to grow our core platform businesses every quarter. We are working towards consistent profitability at the adjusted net income level and to the net income level over the next 4 quarters. Second quarter total net revenue increased 29.7% YoY and 36.2% for the six months as it compares to the same period in the prior year. I am very proud of the effort our team has put forth thus far in 2021 and we remain excited about our growth prospects for the second half of this year, especially with the launch of our new product, Nomad, by BLU3."
2 Fiscal Quarter Highlights
Select Financial Metrics: Fiscal 2 Quarter Ended June 30th, 2021, Comparisons
(in thousands) Q2-21 Q2-20 Less: Blu3Vent Project Q2-20 (net of Vent project) % Change
Total Net Revenues $ 1,712.50 $ 1,320.50 $ (457.80 ) $ 862.70 98.55 %
Legacy SSA Products - Brownies Third Lung $ 977.00 $ 626.40 - $ 626.40 55.97 %
High Pressure Gas Systems - LW Americas $ 207.60 $ 75.20 - $ 75.20 176.06 %
Ultra-Portable Tankless Dive Systems - BLU3 $ 528.40 $ 618.90 $ (457.80 ) $ 161.10 228.00 %
Operating Income (loss) $ (257.50 ) $ (407.70 ) $ (101.70 ) $ (509.40 ) 56.96 %
Net Income (loss) $ (89.80 ) $ (414.00 ) $ (101.70 ) $ (515.70 ) 84.50 %
Adjusted Net Income (loss) $ 167.57 $ 260.90 $ (346.70 ) $ (85.80 ) 284.99 %
NM = not measurable/meaningful
Chris Constable, CEO of Brownie's Marine Group, added, "We remain committed to the strategic mindset towards acquisitions and believe our initiations on this front will come to life soon. Both myself and our Chairman, Robert Carmichael, have several innovative companies in the pipeline that we believe could be a strategic fit for us going forward. We hope to have news to communicate with our shareholders very soon on this matter."
Robert M. Carmichael, President and Chairman of the Board added, "In addition to our overall strong operating performance, we are also thrilled with the initial pre-sale campaign results of the Nomad, by BLU3. The Nomad is our next-generation portable, battery powered dive system that will take divers down to 30 ft., for 45-60 minutes on one charge. The Nomad will change the industry landscape for those who want to explore the next atmosphere. Blake and his team are prepared to meet their third quarter, 2021 launch deadline, and through the pre-sale to both consumers and dealers have pre-booked the initial production runs through October. Nomad has been designed to ease the manufacturing process and will allow BLU3 to scale production to meet the demand of an industry that needs a game changing product like Nomad."
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 June 30,
2021 2020
Net income (loss) $ (89,805 ) $ (414,042 )
plus:
Stock issued for services - $ 222,500
Stock-based compensation incentive bonus shares issued to CEO and employees - $ 233,968
Stock-based compensation - options $ 257,370 $ 218,505
Adjusted net income (loss) $ 167,565 $ 260,931
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