secwatch.observer — SEC 8-K summary
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Issuer:     Brownie's Marine Group, Inc (BWMG)
CIK:        0001166708
Form:       8-K
Filed at:   2022-05-31T23:59:59+00:00
Accession:  0001493152-22-015479
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brownie's Marine Q1 revenue surges 107.5% to $1.97M; net loss flat at $444K
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222015479/0001493152-22-015479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222015479/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-015479

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