---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017209"
form_type: "8-K"
ticker: "BWMG"
cik: "0001166708"
company_name: "Brownie's Marine Group, Inc"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:40:33.566096+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Brownie's Marine Q1 revenue down 17% YoY; net loss narrows but adjusted loss widens

## Summary
- Total net revenues $1.64M, down 17% YoY; net loss $327.9k vs $444.1k loss in Q1-2022.
- Blu3 tankless dive systems revenue fell 40% to $476.9k due to recall repairs and shipping delays.
- Submersible Systems revenue up 22% to $393k on HEED3 model momentum; Brownie's Third Lung down 22%.
- Operating expenses reduced 34.3% YoY; adjusted net loss $193k vs $86.5k loss in prior year.
- CEO expects improved Q2 with full product line available for summer season after 2-year hiatus.

## SEC filing metadata
- accession: 0001493152-23-017209
- form_type: 8-K
- ticker: BWMG
- cik: 0001166708
- company_name: Brownie's Marine Group, Inc
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1166708/000149315223017209/0001493152-23-017209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1166708/000149315223017209/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017209
- JSON: https://secwatch.observer/filing/0001493152-23-017209.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017209.txt

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