secwatch.observer — SEC 8-K summary
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Issuer:     Brownie's Marine Group, Inc (BWMG)
CIK:        0001166708
Form:       8-K
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0001493152-22-010713
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222010713/0001493152-22-010713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222010713/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-010713

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer