---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-010713"
form_type: "8-K"
ticker: "BWMG"
cik: "0001166708"
company_name: "Brownie's Marine Group, Inc"
filed_at: "2022-04-22T23:59:59+00:00"
generated_at: "2026-06-26T05:16:55.263960+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Brownie's Marine reports FY2021 revenue up 56.4% to $6.24M; adjusted net loss narrows to $195K

## Summary
- Total revenue $6.24M for FY2021, up 56.4% from $3.98M in FY2020 (excluding one-time ventilator sale).
- Adjusted net loss improved to $195K from $404.6K loss; GAAP net loss was $1.59M vs $1.35M.
- Q4 revenue surged 115.6% to $2.0M; BLU3 subsidiary revenue up 294% y/y to $1.04M.
- Acquired Submersible Systems in Sep 2021; launched Nomad dive system and new Live Blue subsidiary.
- CEO cited supply chain headwinds but expects pricing adjustments and investment in people to benefit next year.

## SEC filing metadata
- accession: 0001493152-22-010713
- form_type: 8-K
- ticker: BWMG
- cik: 0001166708
- company_name: Brownie's Marine Group, Inc
- filed_at: 2022-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166708/000149315222010713/0001493152-22-010713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166708/000149315222010713/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-010713
- JSON: https://secwatch.observer/filing/0001493152-22-010713.json
- Plain text: https://secwatch.observer/filing/0001493152-22-010713.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.