Brownie's Marine Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 16, 2021 at 09:00 am EDT
Share
Brownie's Marine Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2021. For the quarter, total net revenue increased 29.7% to $1.71 million vs. $1.32 million last year. Operating loss was $257,500 against $407,700 a year ago. Net loss was $89,800 against $414,000 a year ago.
Total net revenue increased 36.2% for the six months as it compares to the same period in the prior year.
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.
BROWNIE'S MARINE GROUP, INC. 