Brownie's Marine Group Inc. (PK:BWMG)
Business Focus: Sporting & Outdoor Goods
| Sector: Consumer Cyclicals | Industry: Recreational Products |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3001 NW 25th Ave Ste 1 POMPANO BEACH FL 33069-1028 |
| Tel: | N/A |
| Website: | https://www.browniesmarinegroup.com |
| IR: | See website |
| Key People | ||
| Robert M. Carmichael Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer | Blake Carmichael Chief Executive Officer and President of BLU3 | |
| Business Overview |
| Brownie's Marine Group, Inc. designs, tests and manufactures recreational hookah diving, tankless dive systems, rescue air systems and yacht-based self-contained underwater breathing apparatus air compressor (SCUBA) and nitrox generation fill systems. Its subsidiaries are focused on various sub-sectors of its industry, including Brownie's Third Lung in Surface Supplied Air (SSA), BLU3, Inc. in Ultra-Portable Tankless Dive Systems, LW Americas in High Pressure Gas Systems, Submersible Systems, Inc. (SSI) in Redundant Air Tank Systems and Live Blue, Inc. Its segments include Legacy SSA Products, which sells recreational multi-diver surface supplied air diving systems; High Pressure Gas Systems sells high pressure air and industrial gas compressor packages; Ultra Portable Tankless Dive Systems sells electric surface supply air diving systems and electric shallow dive system; Redundant Air Tank Systems manufactures and distributes of pressure tanks, and air systems, and Guided Tour Retail. |
| Financial Overview |
| For the nine months ended 30 September 2023, Brownie's Marine Group Inc. revenues decreased 17% to $6M. Net loss decreased 42% to $616K. Revenues reflect Ultra Portable Tankles Dive Systems segment decrease of 42% to $1.5M, Legacy SSA Products segment decrease of 12% to $2M, High Pressure Gas Systems segment decrease of 27% to $652K. Lower net loss reflects Legacy SSA Products segment loss decrease of 95% to $45K. |
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