Brownie's Marine Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 03:21 pm EST
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Brownie's Marine Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 2.81 million compared to USD 1.56 million a year ago. Revenue was USD 2.81 million compared to USD 1.56 million a year ago. Net loss was USD 0.284189 million compared to USD 0.540679 million a year ago.
For the nine months, sales was USD 7.19 million compared to USD 4.22 million a year ago. Revenue was USD 7.19 million compared to USD 4.22 million a year ago. Net loss was USD 1.06 million compared to USD 1.07 million a year ago.
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. 