$BWMG Make sure you start getting your DD done on Brownies Marine tonight! I'm calling this at as a multi-digit RUNNER! They have a history of HUGE runs in April/May and their latest 10K looks phenomenal for a company that trades on the OTCQB and had recently gone thru tough times due to economic distress from the BP oil spill! Coming around with INCREASES 4 STRAIGHT QUARTERS!
Breakdown from 10K
Research and development costs for the year ended December 31, 2012 and 2011, were $47,797 and $46,474, respectively. R&D up by ~3%, means innovation!!!
For the years ended December 31, 2012 and 2011, $BWMG had net losses of $2,013,349 and $3,776,312, respectively. Net losses DECREASED by ~47%, that's incredible!!!
Net revenues for the year ended December 31, 2012, we had net revenues of $2,864,327 as compared to net revenues of $2,206,566 for the year ended December 31, 2011, an INCREASE of $657,761, or 29.81%. Net revenues UP by ~30%!!!
Cost of net revenues for the year ended December 31, 2012, we had cost of net revenues of $1,981,912 as compared with cost of net revenues of $1,704,566 for the years ended December 31, 2011, an INCREASE of $277,346, or 16.27%. Standard! Making more, costs more! 30% INCREASE in net revenue for 16% increase in cost of that revenue. I'll take that any day!!!
Gross profit for the year ended December 31, 2012, we had gross profit of $882,415 as compared to gross profit of $502,000 for the year ended December 31, 2011, an INCREASE of $380,415, or 75.78%. Uhhh nuff said!!! Wow!!!
Operating expenses for the year ended December 31, 2012, we had total operating expenses of $2,505,281 as compared to total operating expenses of $1,673,574 for the year ended December 31, 2011, an INCREASE of $831,707, or 49.70%. Pay to grow. Invest for future success!!! Consultants cost money but performance increases in turn!!!
Other expense, net for the year ended December 31, 2012, we had other expense, net of $352,252 as compared to other expense, net of $2,544,276 for the years ended December 31, 2011, a DECREASE of $2,192,024, or 86.16%. Other expenses DECREASED BY ~86%!!! $BWMG is going to make supporters very, very, very happy!
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