earnings
confidence high
sentiment positive
materiality 0.65
Brownie's Marine Q2 revenue up 29.7% to $1.71M; adjusted net income positive
Brownie's Marine Group, Inc
2022-Q2 EPS reported
$0.00
revenue$2,663,687
- Total net revenue $1.71M, +29.7% YoY; core revenue ex-ventilator up 98.6%.
- Adjusted net income $167,570 vs. loss of $85,800 in Q2 2020.
- Brownie's Third Lung revenue $977K (+56%); LW Americas $207.6K (+176%); BLU3 ex-vent $528.4K (+228%).
- New product Nomad by BLU3 pre-sale booked initial production runs through October, launch in Q3 2021.
- CEO cites acquisition pipeline with several strategic targets under review.