The real companies on OTC are often quiet sleepers, because they are never pumped and dumped. $BWMG is one of them.
Folks check out my $BWMG post with the news just out today, and join us on the weekend warriors room I helped start in 2014, that is back and alive. lets fill folks in there this weekend Nemo and BWMG. And dive in there?
Pompano Beach, Florida, Jan. 21, 2022 (GLOBE NEWSWIRE) -- 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.
The company expects Q4-2021 total revenue of approximately $1.900 million, up 104.3% compared with $0.930 million in Q4-2021.
The company expects FY-2021 total core revenue of approximately $6.122 million, up 52.5% compared with $4.016 million in core revenue for FY-2020. (FY-2020 core revenue is calculated with the removal of a one-time sale of the BLU3 ventilator program to the U.S. Military for $570,060 during FY-2020).
“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.”
About Brownie’s Marine Group
Brownie’s Marine Group, Inc., owns and operates a portfolio of companies with a 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: Brownie’s Third Lung; BLU3, Inc.; and LW Americas. The Company is headquartered in Pompano Beach, Florida.
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