Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +15.4% EPS YoY: +150.0% Move: 0.00%

Brownies Marine Group Inc

BWMG

$0.00410 0.00%

Exchange OTC Sector Consumer Cyclical Industry Leisure

Q2 2024

Published: Aug 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for BWMG

Reported

Report Date

Aug 30, 2024

Quarter Q2 2024

Revenue

2.39M

YoY: +15.4%

EPS

0.00

YoY: +150.0%

Market Move

0.00%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $2.39M up 15.4% year-over-year
EPS of $0.00 increased by 150% from previous year
Gross margin of 38.9%
Net income of 79.84K
""The resurgence in leisure activities post-pandemic has greatly boosted our sales figures. We are seeing a strong trend of consumers returning to recreational boating and diving."" - CEO

BWMG

Brownies Marine Group Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Apr 5, 2026

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Executive Summary

In Q2 2024, Brownies Marine Group Inc (BWMG) reported revenue of $2.39 million, an impressive 15.35% increase year-over-year and a striking 48.65% growth quarter-over-quarter. The company achieved a gross profit of approximately $930,721, indicating a solid gross profit margin of 38.9%. Notably, net income surged to $79,835, marking a significant 142.05% increase compared to the same quarter last year. This financial performance reflects not only a recovery from previous downturns but also management's focus on enhancing operational efficiencies and expanding product offerings in the leisure sector, capitalizing on increased consumer demand for recreational products.

Key Performance Indicators

Revenue

Increasing

2.39M

QoQ: 48.65% | YoY: 15.35%

Gross Profit

Increasing

930.72K

38.95% margin

QoQ: 58.44% | YoY: 48.82%

Operating Income

Increasing

100.97K

QoQ: 131.98% | YoY: 159.44%

Net Income

Increasing

79.84K

QoQ: 123.78% | YoY: 142.05%

EPS

Increasing

0.00

QoQ: 125.00% | YoY: 150.00%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Metrics Analysis
- Revenue: $2,389,626
- YoY Growth: 15.35%
- QoQ Growth: 48.65%
- Gross Profit: $930,721 (Gross Margin: 38.9%)
- YoY Growth: 48.82%
- QoQ Growth: 58.44%
- Operating Income: $100,971 (Operating Margin: 4.2%)
- YoY Growth: 159.44%
- QoQ Growth: 131.98%
- Net Income: $79,835 (Net Margin: 3.4%)
- YoY Growth: 142.05%
- QoQ Growth: 123.78%
- EPS: $0.000200 (YoY Growth: 150%)

The significant improvements in revenue and profitability metrics can be attributed to the company's strategic focus on its core segments and operational optimization, leading to better cost management and increased sales across its product lines.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.39M	15.35%	48.65%
Gross Profit	930.72K	48.82%	58.44%
Operating Income	100.97K	159.44%	131.98%
Net Income	79.84K	142.05%	123.78%
EPS	0.00	150.00%	125.00%

Key Financial Ratios

Gross Profit Margin

Fair

38.90%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Weak

4.23%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Fair

3.34%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.48%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

5.83%

Return on equity is acceptable but below top-tier companies

Current Ratio

Adequate

1.04

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.32

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

0.25x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.06x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	YoY Growth	Report
Q1 2025	1.53	-4.9%	View
Q4 2024	1.70	+7.3%	View
Q3 2024	2.47	+8.2%	View
Q2 2024	2.39	+15.4%	View
Q1 2024	1.61	-1.9%	View

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Q1 2025 Report

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Brownies Marine Group Inc (BWMG) Q4 2024 Financial Results Analysis...

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Q3 2024 Report

Brownies Marine Group Inc (BWMG) Q3 2024 Financial Results: Strong Growth Amid Market Dynamics...

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Q1 2024 Report

Brownies Marine Group Inc (BWMG) Q1 2024 Financial Results: Navigating Challenges in a Competitive Leisure Market...

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Brownies Marine Group Inc (BWMG) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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Q2 2024 Reports in Consumer Cyclical Sector

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