secwatch.observer — SEC 8-K summary
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Issuer:     Brownie's Marine Group, Inc (BWMG)
CIK:        0001166708
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001493152-23-009757
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166708/000149315223009757/0001493152-23-009757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166708/000149315223009757/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-009757

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