Got some movement today.

Brownie's Marine Group Announces 37.7% Increase in Revenues for Fiscal Year End 2022
GlobeNewswireMarch 30, 2023
Pompano Beach, FL, March 30, 2023 (GLOBE NEWSWIRE) -- Brownie's Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment, redundant high pressure air rescue tanks and high-pressure air and industrial compressors in the marine industry, today announced results for the fiscal year ended December 31, 2022.


Chris Constable, CEO of Brownie's Marine Group, Inc. stated, "While we are happy to grow in excess of 37% for 2022, we were challenged with the BLU3 recall as well as talk of a recession, each affecting our ability to meet or exceed our growth of over 50% for 2021. With Compounded Annual Growth over the last three years of 42.3%, we are proud of our sales path. We believe that the Company has made it through the tough part of the recall and is beginning to see revenue climb back as well as recall related expenses have begun to taper off. The BLU3 team did an excellent job in assessing the issue, solving the issue, and putting a plan in place to ensure that anyone who returns their unit for repair will receive an improved system that will provide enjoyment for years to come. The larger economic issues will work themselves out, we have to do our best to ensure we continue to innovate and provide quality product that will continue to drive consumer demand." He continued " we have some exciting new products on the horizon, and one of our business units, Submersible Systems, Inc. has introduced an improved HEED3 model to the marketplace, which has been very well received in both the corporate and government customer segments. We are excited for what 2023 will bring."

Fiscal Year 2022 Highlights

Total revenue increased 37.7% to $8.58 million for FY-2022 vs. $6.23 million in FY-2021;
Submersible Systems contributed their first full year of revenue of $1,592 thousand for FY-2022.
LW Americas revenue increased 81.5% to $1,118 thousand for FY-2022 vs. $616.0 thousand in FY-2021;
BLU3, Inc. revenue increased 36.2% to $3.1 million for FY-2022 vs. $2.2 million in FY-2021;
Live Blue, Inc. contributed $212.9 thousand to revenue for seven months of activity within the Company;

Still here …. Have not sold a share !!

News:

Brownie's Marine Group, Inc. announces BLU3's 1,000 shipment of its Nomad product
EQNX::TICKER_START (Other OTC:BWMG),(OTC US:BWMG), EQNX::TICKER_END Brownies 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, announces today that its wholly owned subsidiary, BLU3, Inc. has shipped their 1,000 unit of its Nomad, which officially launched in Q4-2021. As of August 2022, BLU3 has now sold over 5,000 of the Nemo and Nomad combined.

Nemo, the original BLU3 battery-powered tankless dive system, was launched in Q3-2019, and continues to be highly popular in the diving and snorkeling market. The Nomad, which reaches down to a maximum of 30 feet, is the second system offered in BLU3's line of battery-powered products.

"We knew there was a market fora deeper version of our Nemo dive system , and we are very happy with the worldwide product acceptance." Says Blake Carmichael, CEO of BLU3, Inc. "It took roughly 13 months to ship 1,000 Nemos, but with the brand recognition and marketing reach that BLU3 has built over the last 2 years, we were able to reach our 1000 Nomad in only 9 months. It is exciting to see our past research and development efforts shine as we now receive many incredibly positive customer reviews."

As BLU3 continues to develop as a brand, it will continue to innovate and expand their product line. Brownie's Marine Group aims to offer consumers the full vertical integration of an unforgettable diving experience. All of the brands continue to innovate and look to create products that are exciting for the end user as well as environmentally friendly.

Chris Constable, CEO, states, "BLU3 continues to grow their brand and grow as a company, and we are excited for the future of the BLU3 team. With our current efforts to develop a worldwide BLU3 guided tour model, we believe we can exponentially grow brand exposure and product sales at BLU3 as more people have an opportunity to try the products."

Bman, hope your feelings come true. Been here for years and years and have not sold a single share. Either way , I also believe our time is coming soon.

Another million on the bid at .0281

Have some buying coming in this morning.

It’s a little annoying that it was delayed since they announced record revenue 3 months ago.

NT 10-K filed

9:37a ET 1/21/2022 - Globe Newswire
Brownie's Marine Group Preannounces Record FY-2021 Revenue of $6.122 Million, Up 52%
Mentioned: BWMG
Brownie's Marine Group, Inc. (OTCQB: BWMG), ("BWMG" or the "Company"), a leading developer, manufacturer and distributor of tankless dive equipment, redundant air tank systems and high-pressure air and industrial compressors, today announced certain preliminary unaudited financial results for the Q4-2021 and FY-2021.

"We continue to grow revenues throughout all of our business divisions, and especially in the sales of Blu3, Inc.'s Nomad and Nemo recreational units," said Chris Constable, CEO of Brownie's Marine Group, Inc. "When we announce our fully audited year-end numbers later in March, we'll go into further details of the different business units and margins, but for now, we wanted to share with our shareholders the good news about the overall sales numbers."

"I am proud of our team for pushing ahead in what has been a challenging operating environment for everyone in regard to the various supply chain and logistics issues," said Robert Carmichael, Chairman of Brownie's Marine Group, Inc. "We look forward to a prosperous FY-2022 in what will hopefully be a less volatile business environment."

LOL. Approx $200 brings us down 16%. Wait until real buying comes in.

Float is completely locked up. Been here holding for years and have not sold a single share. Our day is coming …. Go BWMG !!

Hitting the Ask... nice to see.

Level II is ridiculously thin.....

Looks like things are heating up here !!

9:53a ET 5/21/2021 - Globe Newswire
Brownie's Marine Group, Inc announces an exclusive distributorship with Bright Weights
Mentioned: BWMG
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 that they have entered into an exclusive distributor agreement with Chrysalis Trading CC DBA Bright Weights for the US and the Caribbean.

Robert Carmichael, Chairman of Brownie's Marine Group stated "We have been looking for the proper ballast systems that provides flexibility and is more unique than the traditional source of lead ballast available here in the US. Bright Weights provide us with additional items to service the dive community that are complementary to our Brownie's line of tankless diving equipment. This exclusive distributorship will provide our customer base, as well as new sources of distribution, an alternative to traditional lead, that will allow the end user to customize weight, customize weight placement and have a variety of colors to choose from. It will also ease the inventory burden on the dive store owners, as it provides a single weight SKU rather than the multiple weight SKU's that are currently required. We are excited to bring this product to market in the US and look forward to providing the consumer with a Bright Weight alternative."

"Bright Weights have been on the technological leading edge of weighting solutions for divers for more than 20 years. Innovation, quality and value for money make our products stand out above the rest. We are happy and confident to have partnered with Brownie's Marine Group in introducing our outstanding, multiple award winning products to the US market. They are an established "salt of the earth" company and we look forward to gaining exponential market share with their proactive approach. All divers need weights. Accordingly, we believe that our products will open many doors for Brownie's resulting in strong and sustainable growth for the group." stated Jannie Wessels, CEO of Bright Weights.

Bright Weights will be available on Brownie's website www.browniedive.com and other online marketplaces in coming weeks. Additionally, the company will provide direct delivery to all south Florida dive stores.

Patience... as quoted in Field of Dreams “ If you build it , they will come” Go BWMG !!

4th Quarter Fiscal Quarter Highlights

â? Net Revenues increased 26.7% to $0.93 million versus $0.73 million last year; â? Adjusted Net loss for Q4 2020 was trimmed by 34.3% as compared to the same quarter last year; and â? At the close of the fourth quarter, cash and cash equivalents totaled $345,200, and the Company had a working capital balance of $439,834.
Fiscal Year ended December 31, 2020 Highlights

â? Net Revenues increased 53.5% to $4.6 million versus $3.0 million last year â? Revenue from BLU3, launched in Q4, 2019, contributed $1.3 million for the twelve months ended December 31, 2020 or 594.2% of overall growth. The BLU Vent project accounted for 12.6% of consolidated revenues for the twelve-month period. â? Net Loss through FY 2020 was ($1.35) million versus ($1.42) million through FY 2020 â? Adjusted Net Income for the twelve months ending December 31, 2020 was $57,230 versus ($946,800) in the same period last year.
Select Financial Metrics: Fiscal 4th Quarter and Twelve Months Ended December 31, 2020 Comparisons

(in thousands) Q420 Q419 Change FYE20 FYE19 ChangeTotal Net Revenues $ 930.0 $ 734.1 26.69 % $ 4,556.0 $ 2,967.7 53.52 %Legacy SSA Products - Brownies Third Lung $ 529.6 $ 310.8 70.40 % $ 2,721.8 $ 2,073.3 31.28 %High Pressure Gas Systems - LW America's $ 137.2 $ 229.6 -40.24 % $ 489.6 $ 700.7 -30.13 %Ultra-Portable Tankless Dive Systems - Blu3 $ 263.2 $ 193.7 35.88 % $ 1,344.6 $ 193.7 594.17 %Operating Income (loss) $ (693.6 ) $ (319.9 ) 116.81 % $ (1,333.1 ) $ (1,283.7 ) 3.85 %Net Income (loss) $ (697.4 ) $ (322.0 ) 116.59 % $ (1,351.6 ) $ (1,421.7 ) -4.93 %Adjusted Net Income (loss) $ (314.3 ) $ (478.4 ) -34.31 % $ 57.2 $ (946.8 ) NMNM = not measurable/meaningful
"We are so proud of our team for what they have accomplished in this last year, persevering through disruptions in parts of the supply-chain as well as a challenging backdrop for consumer confidence. We have increased sales significantly, driven by our market-leading products. And, importantly, we have also taken steps to optimize the cost structure of the company, one which will enable the opportunity for stronger profitability going forward," said Robert M. Carmichael, President and Chairman of the Board. "We are looking to build on this momentum in 2021 and continue to deliver value to our customers, employees and shareholders."

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:

Brownie's Marine Group Announces 53.5% Increase in Revenues for Fiscal Year End 2020
Mentioned: BWMG
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, 2020.

Chris Constable, CEO of Brownie's Marine Group, Inc. stated, "Brownie's Marine Group had a break-out year in 2020 achieving an Adjusted Net Income profit, in addition to overall revenue increasing 53% year over year. The strong performance can be attributed in part to the team at BLU3, led by Blake Carmichael, who had a fantastic fourth quarter holiday season with a 35% Q4 revenue increase year over year. The BLU3 division continues to grow sales of our BLU3 Nemo product, which has strong momentum in 2021, and we are looking forward to the introduction of the BLU3 Nomad later this year during the third quarter. Additionally, Brownie's Third Lung division also made a significant leap forward growing Q4 sales by 70% year over year. We have worked to diversify and reduce seasonal impacts to revenue within our Brownie's Third Lung division and are very pleased with the contribution we are seeing from new geographic areas, such as Australia. We are also proud of our efforts to increase Direct to Consumer sales, which grew 59.9% in 2020, and can be attributed primarily to an increased focus on marketing through our social media channels."

Chris Constable added, "We have a strong outlook in 2021 for our platform businesses, in addition to a strategic mindset towards several acquisitions which could further accelerate our growth plans. We are excited for the year ahead and look forward to updating shareholders in the near term."

.07’s. !!

New 52wk high and most shares are locked up !! GO BWMG

14400

Slow and steady !!

New 52wk High !!

10000 left at .0499

Brownie’s Marine Group Announces Appearance of Nemo on Let’s Make a Deal

Pompano Beach, Florida, February 15th, 2021 — Brownies 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, announces today that the Nemo, it’s portable battery operated surface supplied air dive system, manufactured and sold by it’s wholly owned subsidiary, BLU3, Inc. appeared on 2 episodes of “Let’s Make a Deal”. Nemo was featured on episodes airing January 8, 2021 and February 4, 2021, and will be featured again on March 29, 2021.

Blake Carmichael, CEO of BLU3 states “We are proud of the progress that we have made with building the BLU3 brand with its first product, Nemo. Exposure with an outlet such as “Let’s make a Deal” will reach millions of households, and further solidify the BLU3 brand and it’s products in the marketplace. We look forward to increasing the BLU3 family of products with the introduction of our next gen product, Nomad, in 2021.”

“BLU3 continues the original vision of the company to change they way that people enjoy the diving experience.” Robert Carmichael, Chairman of BWMG continues “The products we offer through both Brownie’s Third Lung and now BLU3 with the Nemo and very shortly, the Nomad, represent a paradigm shift to our industry, virtually eliminating the necessity of tanks for shallow water dives up to 30 feet. The technology behind Nemo and Nomad is the culmination of nearly 5 years of engineering investment, that will bring significant value to the shareholders as these products roll out to the market.”

The Let’s Make a Deal Episodes can be seen on CBS All Access.

Wow, nice buy bman.

Yeah a much wanted and needed correction. Hold, next leg up for the Bit is $53k

Maybe MM’s playing games and need shares ? BWMG outlook is very positive.

Eco, same here been in BWMG for over 6 years and have not sold a single share. Getting very exciting here ... go BWMG

Level II is so thin.... there are so few shares available. With any real volume this will be .05-.10 in no time !!

Anyone hear if there was ever FDA approval or not on ventilators. Are we able or actually selling them at this time anyway ?

May be the last time for shares under .02. Go BWMG !!

Pompano Beach, Florida, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Brownies Marine Group, Inc. (OTC Pink: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high pressure air and industrial compressors in the marine industry, announces today that the Company's common stock has been up-listed and approved for quotation on the OTCQB Venture Marketplace effective October 12, 2020. The Company will continue to be quoted under the quotation symbol “BWMG”.

“Uplisting to the OTCQB is an important milestone for our Company,” stated ­­­­Robert Carmichael, President and CEO. “We are enthusiastic about the ability of our new listing to increase investor awareness, visibility, and trading liquidity of our common stock. We believe that the acceptance to the OTCQB is just the latest step in the Company’s growth and this status will assist us in continuing to grow our business, as well as enhance our shareholder value.”

The OTCQB is a venture market operated by the OTC Markets Group, Inc. and is designed for early-stage and developing companies located both in the United States and abroad. Considered an established public market by the SEC, the OTCQB provides current public information to investors that need to analyze, value, and trade securities. OTCQB eligible companies must be current in their reporting, and undergo an annual verification and management certification processes.

From 8K. On October 9, 2020 Brownie’s Marine Group, Inc. issued a press release announcing its common stock had been approved for quotation on the OTCQB Venture Marketplace. A copy of this press release is furnished as Exhibit 99.1 to this report.


OTCQX® – The top marketplace where many of the biggest and best OTC companies trade. ... OTCQB® - The middle marketplace is referred to as the Venture Stage Marketplace. Companies that trade on this marketplace file reports with the SEC or other U.S. regulator on a regular basis.

Very excited about potential results over the next few quarters.

Awesome. Maybe getting close to FDA answer ( one way or the other ).. maybe some news items on the way !!

From Facebook BLU3 site response from team to Jess “Jess Friedlander Hi Jess! Our next model, Nomad, will be rated for around 20-25 ft and will launch next year. “

Kinda bummed we have not heard anything on FDA approval. Been 3 months since the PR. If they are holding off on news ( quite period ) it would be nice to just get an answer yes or no from gov’t.

Latest from Facebook: https://www.facebook.com/109585525772470/posts/3384809901583333/