earnings
confidence high
sentiment negative
materiality 0.65
Brownie's Marine revenue up 37.7% to $8.58M; net loss widens to $1.89M
Brownie's Marine Group, Inc
- Total revenue $8.58M for FY2022 vs $6.23M in FY2021, a 37.7% increase.
- Net loss of $1.89M vs $1.59M in FY2021; adjusted net loss $448K vs $307K.
- BLU3 recall and recession talk hindered growth; recall expenses tapering off.
- Submersible Systems contributed first full year revenue of $1.59M.
- LW Americas revenue up 81.5% to $1.12M; BLU3 revenue up 36.2% to $3.05M.