---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-009757"
form_type: "8-K"
ticker: "BWMG"
cik: "0001166708"
company_name: "Brownie's Marine Group, Inc"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T08:56:07.030268+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Brownie's Marine revenue up 37.7% to $8.58M; net loss widens to $1.89M

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-009757
- form_type: 8-K
- ticker: BWMG
- cik: 0001166708
- company_name: Brownie's Marine Group, Inc
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166708/000149315223009757/0001493152-23-009757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166708/000149315223009757/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-009757
- JSON: https://secwatch.observer/filing/0001493152-23-009757.json
- Plain text: https://secwatch.observer/filing/0001493152-23-009757.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.