Brownie's Marine Group Inc (BWMG)

[BWMG bull]

Here is some of my BWMG research:

To understand the excitement of Blu3 Nemo's potential one has to go back to the kickstarter campaigned launched in 2019. Hoping to raise $40,000, Blu3 managed to raise $138,000:

https://www.kickstarter.com/projects/diveblu3/nemo-by-blu3-the-worlds-smallest-dive-system/description

This product had a lot of momentum heading into 2020 but then Covid happened. Like every business, they were affected and this put a pause on the momentum behind Blu3 Nemo. However, in an ironic twist, Covid may have contributed to Blu3's popularity. Per the company's 10K filed in June:

...as a result of the COVID-19 pandemic, we have migrated our marketing focus to online marketing in an effort to maintain product visibility. Due to our sales and marketing efforts, the Company’s sales began to increase in the third quarter of 2020. The sales for the Third Quarter 2020 increased by 98.6% as compared to the Third Quarter 2019...

This was communicated in a press release back in November:

https://www.browniesmarinegroup.com/brownies-marine-group-announces-98-6-increase-in-net-revenues-3-3-net-profit-margin-for-fiscal-third-quarter-2020/

As the PR notes, "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 third quarter ended September 30th. How do we think sales of Blu3 Nemo have been doing since then? Well, take a look at these Amazon listings...

This one has 7 five-star reviews, all of which are "verified purchases" that occurred in Q4 or later:

https://www.amazon.com/BLU3-Nemo-Backpack-Spare-Battery/dp/B08HX43221/ref=pd_lpo_468_t_0/131-3542804-6118966?_encoding=UTF8&pd_rd_i=B08HX43221&pd_rd_r=a87d7e72-33e3-40aa-aa80-2c439333e0e7&pd_rd_w=ZwBeZ&pd_rd_wg=CkqxK&pf_rd_p=16b28406-aa34-451d-8a2e-b3930ada000c&pf_rd_r=3PPPHBTBZWG6J3M3403K&psc=1&refRID=3PPPHBTBZWG6J3M3403K#customerReviews


This one has 8 ratings, with an average rating of four stars. Four of the reviews were written in Q4 or later:

https://www.amazon.com/BLU3-Nemo-Alpha-Dive-Flag/dp/B085QN57RP/ref=pd_di_sccai_5?pd_rd_w=WNmTw&pf_rd_p=c9443270-b914-4430-a90b-72e3e7e784e0&pf_rd_r=PVHDV20PETKSWHDSA1JW&pd_rd_r=04f2c39e-be62-4fb2-9e97-00dd5c1aa032&pd_rd_wg=SW9w5&pd_rd_i=B085QMVSX6&th=1


Then there are the reviews that are posted on Blu3's shop page. Reviews have increased in the new year, with 6 coming in 2021, all of them five stars with excellent reviews on product on customer service:

https://www.diveblu3.com/product/nemo/#reviews


Turning to social media, the response on YouTube is extremely favorable. This diver with over 180,000 subscribers on his youtube channel plugged his Blu3 Nemo during a video he uploaded last month:

This diver, with more than 600,000 subscribers to his youtube channel reviewed the Blu3 Nemo a few months ago and gave it a rave review. Most importantly, check out all of the engagement in the comments and interested potential customers:

This is just a small snippet of the research I have done on BWMG. I believe they are going to announce blow out sales of Nemo3 and anticipate tremendous demand for their next gen, Nomad.

I will post additional research in the coming weeks. Feel free to sticky to this post as a DD resource for interested investors.