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if anyone wants to know on shares sold: https://sec.report/otc/financial-report/282530
Very helpful BWMG Bull, thanks
BLU3 will begin taking pre-orders forNomad,its newest portable tankless dive system,on July 1, 2021.
https://www.sec.gov/Archives/edgar/data/1166708/000149315221015059/ex99-1.htm
Some may have missed in headline on iHub this news today. This is ahead of schedule.
For treasure divers 30foot Nomad will be BigDeal.
Thanks, yes that was a big portion of 2020 2q rev. Sorta counteracted the harm from Covid
BWMG any guess on on PrimeDay sales, any way to tell the total?
doubted it until saw it Walmart site,Thanks
https://lexagene.com/release/2021/miqlab-offers-rapid-plague-detection-for-bioterrorism-threats/ LexaGene’s MiQLab Offers Rapid Plague Detection for Bioterrorism Threats
First-of-its-Kind for Rapidly Detecting Category A Bioterrorism Agents
A brief interview with Dr. Regan regarding LexaGene’s value proposition for pandemic prevention can be viewed HERE.
Q2 with Primeday will be Big,MaybeWhyHired10More people, to build inventory for this. Sounds like sales explode on these deals from what Blake said.
Amazon’s marketing material indicates that stores on Amazon receive an average of 84% more visitors and brands that highlighted deals in their stores saw 646% higher store attributed sales than brands who did not advertise a special. We have our 20% off special ready to go, loaded the warehouses and are primed for the results.”
LXXGF back in favor quite the rally on two sales
wow big bid, thanks
Missed all the action,Is on Bid or Ask?
Saw like 70,000 in morn, then on phone with Clogger, look over at screen and 1 million shares roughly? Anyone see which side it was on?
Better action today, not just up, bid and ask both increased. Being they are trying to hire 10 more for Nemo assembly gotta thing some good news is coming on sales front.
Agree,10 more assemblers is more than think they have now. Indicates sales booming for Nemo.
Sold System PR. Am guessing it will break .60 today. This has been the missing ingredient for 3 months. What I find encouraging is they put out a loaner and Denver got addicted to it, so they bot it. And what was my hope, customers will replace over century old petri cultures with it. The Denver doc pointed out when then found is was just as accurate the other factors of speed and multiple tests at once caused them to convert.
The PR on LexaGene site has a superb video testimonial from the doctor that is embedded so go to this link https://lexagene.com/release/2021/miqlab-system-to-denver-animal-emergency/
Cheers
DiveNSail, fantastic article! They Say: "Surface-supplied air diving could be our best tool to bridge people from snorkeling to scuba diving."
Think that is true, but many will stop at SSA as it supplies all their needs. As someone that has done decades of "gold diving" river dredging never wanted to use SCUBA as so more harder, complicated, and expensive.
Thanks again for article, recommend it to all here.
Great to see pallet of Nemos,ChartLookingGoodToo
I missed close yesterday was surprised at volume. Today first time 2 green days in a row.
On Nomad no doubt will do well, but Nemo is the one for resorts as very hard even if you do things wrong to get in trouble at 10 feet. And it gets people in, then when they get itch to got deeper can buy a Nomad.
Cheers
The action is on good side, looks like accumulation. See tighter bid/asks and with more size.
Ecomlike,EveryoneThatBuys Nemo HasGalsLikeHer walk up to you,Spread the Rumor
Nice Close, MFI Buy Signal BWMG
MFI is MoneyFlowIndex My buy signal is if gioes to under 20 then goes over 20. Did it today.
Last time 3-18-2021 which then went .045 to .083 in eight days.
Cheers
Televet,IFUS came back all the way,was it shortsqueeze?
https://brightweights.com/ their website. Looks interesting.
Today: Item 1.02 Termination of a Material Definitive Agreement.
As previously reported in the Current Report on Form 8-K filed by Brownie’s Marine Group, Inc. (the “Company”) with the U.S. Securities and Exchange Commission on May 13, 2020, on May 12, 2020, the Company entered into a promissory note evidencing an unsecured loan (the “PPP Loan”) in the amount of $159,600 made to the Company through South Atlantic Bank (the “Lender”), under the Paycheck Protection Program (the “PPP”). The PPP was established under the Coronavirus Aid, Relief, and Economic Security Act and is administered by the U.S. Small Business Administration (“SBA”).
On May 18, 2021, the Company received a notification from the Lender that the SBA approved the Company’s PPP Loan forgiveness application for the entire PPP Loan balance of $159,600 and that the remaining PPP Loan balance is zero.
104,400 views since feb 15, 2020 you posted
BWMG Bull good info,And backloaded bet,maybe $35,000 last month and $50,000 in May for Amazon? Q1 is naturally very weak, Q2 good and Q3 fantastic.
Nice recovery today,and into teeth OfStkMkt crash,impressive
BWMG Bull, lets say 340 were sold, that produced $335,000. Ok how many can be sold? Why not 2,000 a Q, outside of production being able to keep up.
Say 6 times more. That is $2 million a Q or $8 million a year and rest of the company is growing fast too, so what $16-20 million a year?
Then want happens if Cabela's or other big box starts selling it? The total number of people that would buy one is truly huge, they just do not know about them yet, BUT that changes as with hundreds of them out there now, people will see them. Just some thoughts.
Guess one of those "Sell the News" things. Am surprised, Nemo growing like a weed and it will do even better this summer.
Dick, yes stock compensation the key on that. Adjusted is much better recall from reading yesterday.
Not many products and companies with this type of growth. If they can get to profit in2Q would do wonders for stock.
Best ever Q1 ever,bizzare reaction? But then again mkt has barely opened.
Brownie’s Third Lung division continues to show offseason improvement with year over year growth during the first quarter of 58%. BLU3 continues to grow as well, increasing 134% during that same period. The company has recently focused on reaching the consumer directly, and those efforts have yielded a 162% increase in direct-to-consumer sales with Brownie’s Third Lung, as well as a 154% increase in direct-to-consumer revenues for BLU3, across both Amazon.com and the BLU3 website for first quarter 2021 as compared to the same quarter in 2020. We are also seeing improvements in Dealer revenue with a 25% increase for Brownie’s Third Lung and a 127% increase for BLU3.”
$BWMG-Brownie’s Marine Group Announces 49.8% Increase in Revenues for Q1-2021 vs. Q1-2020
GLOBENEWSWIRE 1:15 PM ET 5/17/2021
Symbol Last Price Change
BWMG 0.0573up +0.0023 (+4.181818%)
QUOTES AS OF 03:56:30 PM ET 05/17/2021
Pompano Beach, FL, May 17, 2021 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. , 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 first quarter and three months ending March 31, 2021.
Chris Constable, CEO of Brownie’s Marine Group, Inc. stated, “Brownie’s Marine Group continued its strong performance in the first quarter with revenue increasing 49.8% year over year. Our company and subsidiaries are well positioned as we head into the summer months. Historically, because of the seasonality of our business, we have a tendency to lose money in Q4 and Q1 and have a much stronger financial performance in Q2 and Q3. As our revenues increase, we believe we can be much stronger in the seasonally less robust quarters, as evidenced by our much stronger Q1 this year versus last. The team has executed well at expanding our reach across our distribution channels, as well as seeking out new markets for our products. Brownie’s Third Lung division continues to show offseason improvement with year over year growth during the first quarter of 58%. BLU3 continues to grow as well, increasing 134% during that same period. The company has recently focused on reaching the consumer directly, and those efforts have yielded a 162% increase in direct-to-consumer sales with Brownie’s Third Lung, as well as a 154% increase in direct-to-consumer revenues for BLU3, across both Amazon.com and the BLU3 website for first quarter 2021 as compared to the same quarter in 2020. We are also seeing improvements in Dealer revenue with a 25% increase for Brownie’s Third Lung and a 127% increase for BLU3.”
1st Fiscal Quarter and YTD Highlights
Net Revenues increased 49.8% to $0.95 million versus $0.63 million last year;
Adjusted Net loss for Q1-2021 was reduced by 50.7% as compared to the same quarter last year; and
At the close of the first quarter, cash and cash equivalents totaled $343,900, and the Company had a working capital surplus of $733,700.
Very good report, and I guessed within $50k the sales
Full report here: https://www.globenewswire.com/news-release/2021/05/17/2231106/0/en/Brownie-s-Marine-Group-Announces-49-8-Increase-in-Revenues-for-Q1-2021-vs-Q1-2020.html
Spread it around, good news
Good job Brownies!
I have over a 10 bagger in BWMG but 2021 looks like will have explosive sales growth, it can really take off now.
$10 million this year? Seems reasonable.
About $4.5 last year. Last year the rest of the year was 7-8 times bigger than 1st Q but that was with Covid raging, think $10 million and 100%+ growth is doable.
Q2always better but this year=OnSteriods,cause of Covid restrictions going way and Nemo. And Third Lung is doing great, seems management has got everything except L&W purring.
Ultra-Portable Tankless Dive Systems–Blu3 $335,000+124% growth
Brownie’s Marine Group Announces 49.8% Increase in Revenues for Q1-2021 vs. Q1-2020
GLOBENEWSWIRE 1:15 PM ET 5/17/2021
Symbol Last Price Change
BWMG 0.0573up +0.0023 (+4.181818%)
QUOTES AS OF 03:56:30 PM ET 05/17/2021
Pompano Beach, FL, May 17, 2021 (GLOBE NEWSWIRE) -- Brownie’s Marine Group, Inc. , 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 first quarter and three months ending March 31, 2021.
Chris Constable, CEO of Brownie’s Marine Group, Inc. stated, “Brownie’s Marine Group continued its strong performance in the first quarter with revenue increasing 49.8% year over year. Our company and subsidiaries are well positioned as we head into the summer months. Historically, because of the seasonality of our business, we have a tendency to lose money in Q4 and Q1 and have a much stronger financial performance in Q2 and Q3. As our revenues increase, we believe we can be much stronger in the seasonally less robust quarters, as evidenced by our much stronger Q1 this year versus last. The team has executed well at expanding our reach across our distribution channels, as well as seeking out new markets for our products. Brownie’s Third Lung division continues to show offseason improvement with year over year growth during the first quarter of 58%. BLU3 continues to grow as well, increasing 134% during that same period. The company has recently focused on reaching the consumer directly, and those efforts have yielded a 162% increase in direct-to-consumer sales with Brownie’s Third Lung, as well as a 154% increase in direct-to-consumer revenues for BLU3, across both Amazon.com and the BLU3 website for first quarter 2021 as compared to the same quarter in 2020. We are also seeing improvements in Dealer revenue with a 25% increase for Brownie’s Third Lung and a 127% increase for BLU3.”
1st Fiscal Quarter and YTD Highlights
Net Revenues increased 49.8% to $0.95 million versus $0.63 million last year;
Adjusted Net loss for Q1-2021 was reduced by 50.7% as compared to the same quarter last year; and
At the close of the first quarter, cash and cash equivalents totaled $343,900, and the Company had a working capital surplus of $733,700.
Very good report, and I guessed within $50k the sales
Full report here: https://www.globenewswire.com/news-release/2021/05/17/2231106/0/en/Brownie-s-Marine-Group-Announces-49-8-Increase-in-Revenues-for-Q1-2021-vs-Q1-2020.html
Spread it around, good news
Good job Brownies!
Double checked with accountant,it is due today, so guess later in day.
Cheers
Maybe after the close?
Thanks Eli!
See no extension, so guess today Q out?
In 2002, the SEC decided to make information available to the public in a more timely manner. The new rules tightened these 45- and 90-day requirements to 35 and 60 days, respectively.
The faster filing deadlines are required only of the public companies that have a public float of at least $75 million and have been subject to the Securities Exchange Act of 1934 for at least 12 months. The public float is the value of all shares that are in the hands of outside investors.
You are right Bman, since they have not asked for an extension looks like Monday. 45 days as less than $75 million float.