earnings
confidence high
sentiment neutral
materiality 0.70
Brownie's Marine Q1 revenue surges 107.5% to $1.97M; net loss flat at $444K
Brownie's Marine Group, Inc
- Total net revenues $1.97M vs $950.7K in Q1-2021, a 107.5% increase.
- Blu3 unit revenue jumped 137.5% to $794.6K, driving overall growth.
- Net loss remained essentially flat at $444.1K vs $441.0K year-over-year.
- Adjusted net loss widened to $178.6K from $97.5K, reflecting front-loaded investment spend.
- Company acquired Gold Coast Scuba assets in May 2022, forming new subsidiary Live Blue.