earnings
confidence high
sentiment negative
materiality 0.60
Brownie's Marine Q3 YTD revenue up 38% to $4.22M; net loss widens to $1.07M
Brownie's Marine Group, Inc
2021-Q3 EPS reported
$0.00
revenue$4,222,401
- YTD revenue $4.22M (+38.4% YoY); core (ex-Ventilator) up 38.9% to $4.22M.
- Operating loss YTD $(1.23M) vs $(0.70M) prior year; net loss $(1.07M) vs $(0.71M).
- Adjusted net loss (non-GAAP) $(110,689) vs adjusted net income $371,491 in 2020.
- Completed acquisition of Submersible Systems; BLU3 Nomad pre-launch at capacity.
- Cash $860,800; working capital surplus $1.74M; supply chain constraints cited.