secwatch.observer — SEC 8-K summary
======================================

Issuer:     Brownie's Marine Group, Inc (BWMG)
CIK:        0001166708
Form:       8-K
Filed at:   2022-08-22T23:59:59+00:00
Accession:  0001493152-22-023669
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brownie's Marine Q2 revenue up 40.2% to $2.40M; net loss widens to $329k
------------------------------------------------------------------------

- H1 revenue $4.37M (+64.3% YoY); BLU3 revenue $1.68M (+94.5%).
- Q2 net loss $328.7k vs $89.8k in prior year; adjusted net income $89.5k (+109.1%).
- Acquired Gold Coast Scuba assets; launched Live Blue subsidiary for guided tours/retail.
- Supply chain issues caused back-orders for BLU3 in June.
- Operating loss $(319)k vs $(248)k; depreciation/amortization $173k vs $65k.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222023669/0001493152-22-023669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222023669/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-023669

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