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Company

Brownie's Marine Group, Inc

Ticker
BWMG
Sector
Industry
Report date
September 10, 2026
Valye AI Score

93

Very high visibility
Recent developments
Recent developments summary

Recent news coverage includes general market and sector news but no company-specific updates. The company filed an amended 10-Q on September 10, 2026, providing updated financial data.

Recent developments:
  • The company filed an amended 10-Q on September 10, 2026, reporting revenue of approximately $2.38 million and net income of $218,658 for the quarter ended June 30, 2026, with a current ratio of 1.54 [S2].
  • No recent company-specific news was identified; recent news items relate to broader market and sector developments [N1][N2][N3][N4][N5][N6][N7][N8].
Overview

Brownie's Marine Group, Inc. is a Florida-based marine technology company with five wholly owned subsidiaries: Brownie's Third Lung, BLU3, LW Americas, Submersible Systems, Inc., and Live Blue, Inc. The company designs, manufactures, and distributes a range of products including surface-supplied air systems, battery-powered portable diving systems, high-pressure compressors, miniature and emergency breathing devices, and consumer training and experiential programs. It serves diverse markets including recreational and professional divers, safety and industrial sectors, and government-related customers. The company is actively transitioning its product lines from legacy gasoline-powered systems to battery-powered, software-driven technologies. It leverages shared engineering, intellectual property, manufacturing, distribution, and training infrastructure across subsidiaries to drive operational efficiencies. The company markets products domestically and internationally through wholesale and direct-to-consumer channels, including online sales and Amazon partnerships. It participates in industry trade shows and maintains a portfolio of patents and trademarks. The business experiences seasonal demand variations and is expanding internationally to mitigate seasonality. Financially, the company reported revenues of $2.38 million and net income of $218,658 for the quarter ended June 30, 2026, with a current ratio of 1.54. However, it has a history of losses and an accumulated deficit, with auditors expressing substantial doubt about its going concern status [S1][S2].

Executive summary

Brownie's Marine Group, Inc. is a marine technology company operating five subsidiaries focused on portable air, underwater breathing, safety, and marine technologies serving recreational, professional, safety, industrial, and government-adjacent markets. The company is transitioning from gasoline-powered to battery-powered, software-enabled diving systems. Its product lines include surface-supplied air systems, portable tankless dive systems, high-pressure compressors, emergency breathing devices, and consumer training programs. Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice. As of June 30, 2026, the company reported revenue of approximately $2.38 million, net income of $218,658, and a current ratio of 1.54. The company has a history of losses and auditors have expressed substantial doubt about its ability to continue as a going concern [S1][S2].

Scenarios for BWMG

Bull case model:

Brownie's Marine Group is positioned in growing niche markets including recreational diving, yachting, and high-pressure compressor systems, with product innovation focused on battery-powered, software-enabled technologies. The company's strategic transition from gasoline-powered to electric systems aligns with broader industry trends toward sustainability and technological advancement. Its diversified subsidiaries and product lines provide multiple revenue streams, including direct-to-consumer sales and wholesale distribution. The company's intellectual property portfolio and exclusive distribution rights support competitive positioning. Expansion into international markets and consumer experiential programs may enhance market reach and adoption. Financially, recent quarterly results show positive net income and a current ratio above 1, indicating some liquidity [S1][S2].

Bear case model:

The company has a history of operating losses and an accumulated deficit exceeding $18 million, with auditors expressing substantial doubt about its ability to continue as a going concern. Revenues decreased and gross profit margins declined in recent periods, indicating potential challenges in scaling profitable operations. The business is subject to seasonality, which may impact cash flow and operational stability. Competition includes established players and low-cost manufacturers, which may pressure pricing and market share. The company relies on multiple suppliers for key components, with some materials requiring longer lead times. The relatively small scale and limited financial disclosure outside SEC filings may limit visibility for investors. The company is a smaller reporting entity and provides limited risk disclosures in recent filings [S1][S2].

Moat:

Brownie's Marine Group's competitive advantages include its proprietary patented technologies such as the Sea Lion® surface-supplied air system and software-driven breathing control technology in its BLU3 portable dive systems. The company benefits from a diversified product portfolio across multiple marine and safety-related markets, leveraging shared engineering and manufacturing infrastructure across its subsidiaries. Its exclusive distribution agreements, such as for L&W Compressors in the Americas and the SeaNXT Elite sea scooter in the USA, provide market access advantages. The company's integrated consumer-facing training and experiential programs via Live Blue support product adoption and customer engagement, enhancing brand loyalty. Additionally, the company maintains a broad intellectual property portfolio with multiple patents and trademarks protecting its innovations. These factors collectively contribute to differentiation in a moderately competitive environment with established and emerging competitors [S1].

Risks overview
Risks summary
The primary risk is the company's financial viability given its history of losses and auditor's substantial doubt about its going concern status.
Risks details:

• Going Concern Risk: Auditors have expressed substantial doubt about the company's ability to continue as a going concern due to recurring losses and accumulated deficit [S1].
• Financial Performance: The company has a history of losses, declining revenues, and reduced gross profit margins, which may impact its ability to sustain operations and invest in growth [S1].
• Market Competition: The company operates in a moderately competitive environment with established and low-cost competitors, which may affect pricing and market share [S1].
• Supply Chain: Dependence on multiple suppliers with varying lead times may pose risks of inventory shortages or delays [S1].
• Seasonality: Seasonal demand variations in the US market may affect revenue stability and cash flow [S1].

FINAL FORECAST FOR BWMG

Final take one line
Brownie's Marine Group, Inc. is a marine technology company with detailed SEC disclosures, operating multiple subsidiaries focused on diving and marine safety technologies, with a history of losses and auditor concerns about going concern status.
Final take 12 to 24 month view

Business trends: Transition to battery-powered, software-enabled diving systems; expansion into recreational, professional, and government-adjacent markets; leveraging intellectual property and distribution networks.
Execution milestones: Continued product innovation and launches (e.g., Nomad 3X Battery), expansion of distribution channels including direct-to-consumer sales, and scaling of consumer experiential programs.
Key risks: Financial viability concerns due to historical losses and accumulated deficit; competitive pressures; supply chain dependencies; seasonality impacting revenue stability; and auditor's substantial doubt about going concern.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

93
LLM visibility overview
LLM Visibility known facts
  • Brownie's Marine Group, Inc. is a Florida corporation with five wholly owned subsidiaries focused on portable air, underwater breathing, safety, and marine technologies [S1].
  • The company serves recreational, professional, safety, industrial, and government-adjacent markets [S1].
  • Operations include surface-supplied air systems, battery-powered diving systems, miniature and emergency breathing devices, high-pressure compressor distribution and service, and consumer-facing training and experiential programs [S1].
  • The company is transitioning from gasoline-powered systems to battery-powered, software-enabled, electrically driven technologies [S1].
  • Subsidiaries include Brownie's Third Lung (surface-supplied air systems), BLU3 (portable battery-powered underwater breathing systems), LW Americas (distributor and service provider for L&W Compressors), Submersible Systems, Inc. (miniature and emergency breathing devices), and Live Blue, Inc. (consumer-facing training and experiential programs) [S1].
  • Brownie's Third Lung's flagship product is the patented Sea Lion®, a floating air delivery platform for multiple divers, transitioning to battery-powered versions [S1].
  • BLU3's Nomad 3X Battery launched in Q3 2025 triples run time compared to standard batteries and BLU3 is the exclusive USA distributor of the SeaNXT Elite sea scooter [S1].
  • LW Americas distributes high-pressure compressor systems for diving, fire and emergency services, industrial manufacturing, oil and gas, defense, aviation support, and specialized air applications across the Americas [S1].
  • Submersible Systems, Inc. produces Spare Air®, HEED®, and SWBA® products for redundant air supply and emergency escape [S1].
  • Live Blue supports end-user education, demonstrations, and try-before-you-buy programs to facilitate product adoption and training [S1].
  • The company targets the diving and snorkeling market, estimated at $2.2 billion in 2025 with a 4.0% CAGR through 2035, driven by recreational diving and training programs [S1].
  • The company has entered the tourist market with a guided tour program via Live Blue as an incubator for a scalable franchise model [S1].
  • The yachting industry is a target market for the company's BIAS systems, with the global yacht market valued at $311.32 billion in 2025 [S1].
  • The North American high-pressure compressor market was valued at $6.73 billion in 2025, with the company distributing L&W compressors through YachtPro and BIAS systems [S1].
  • The company owns or licenses multiple trademarks and patents related to its products and technologies, including patents expiring between 2033 and 2041 [S1].
  • The company has a patent license agreement with Setaysha Technical Solutions, LLC, involving royalties based on annual net revenues and minimum yearly royalties, with payments continuing through 2025 [S1].
  • Marketing efforts include in-house graphic design, print literature, public relations, advertising, trade show participation, and online sales through company and customer websites [S1].
  • The company sells predominantly wholesale to retail dive stores, marine stores, boat dealers, builders, and US and international militaries, with increasing direct-to-consumer sales via websites and Amazon [S1].
  • Principal raw materials include machined parts, hoses, regulators, compressors, engines, valves, fittings, sewn goods, and plastics, sourced from multiple vendors to avoid supply disruptions [S1].
  • The company operates in a moderately competitive environment with competitors such as Airline by JSink, Aqua Lung America, Coltri America, Bauer Compressors, and low-cost Chinese manufacturers [S1].
  • As of March 31, 2026, the company had 36 full-time and 2 part-time employees [S1].
  • The business is seasonal in the US, with peak seasons varying by product line; the company is expanding internationally to offset seasonality [S1].
  • Financial snapshot as of June 30, 2026: revenue of $2,377,891, net income of $218,658, basic and diluted EPS of $0.00043, current assets of $4,005,466, current liabilities of $2,606,279, cash and equivalents of $238,754, current ratio of 1.54, and cash ratio of 0.09 [S2].
  • The company has a history of losses with net losses of $105,149 in 2025 and an accumulated deficit of $18,031,358 as of December 31, 2025; revenues decreased 7.99% in 2025 compared to 2024, and gross profit margin decreased from 40.4% to 37.4% [S1].
  • Auditors have expressed substantial doubt about the company's ability to continue as a going concern due to losses and cash usage [S1].
  • The company is a smaller reporting company and is not required to provide detailed risk factor disclosures in the latest 10-Q/A [S2].
  • Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice [S2].
Sources
Sources - Context summary

Generated 2026-09-10

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-04-10 | 10-K
  • S2 | 2026-09-10 | 10-Q/A
Sources - News headlines
  • N1 | 2026-09-10 | www.nasdaq.com | Limoneira (LMNR) Q3 2026 Earnings Call Transcript | https://www.nasdaq.com/articles/limoneira-lmnr-q3-2026-earnings-call-transcript
  • N2 | 2026-09-10 | www.nasdaq.com | Better Short-Term Corporate Bond ETF: Vanguard's VCSH vs. the iShares IGSB | https://www.nasdaq.com/articles/better-short-term-corporate-bond-etf-vanguards-vcsh-vs-ishares-igsb
  • N3 | 2026-09-10 | www.nasdaq.com | Ghana’s Proposal to Raise Farmer Pay Supports Cocoa Prices | https://www.nasdaq.com/articles/ghanas-proposal-raise-farmer-pay-supports-cocoa-prices
  • N4 | 2026-09-10 | www.nasdaq.com | Stocks Slump as Crude Prices Soar and Bond Yields Surge | https://www.nasdaq.com/articles/stocks-slump-crude-prices-soar-and-bond-yields-surge
  • N5 | 2026-09-10 | www.nasdaq.com | Stocks Fall as Crude Prices Soar and Bond Yields Climb | https://www.nasdaq.com/articles/stocks-fall-crude-prices-soar-and-bond-yields-climb
  • N6 | 2026-09-10 | www.nasdaq.com | Nvidia's CEO Called the Dip Months Ago. Here Is How the Trade Played Out. | https://www.nasdaq.com/articles/nvidias-ceo-called-dip-months-ago-here-how-trade-played-out
  • N7 | 2026-09-10 | www.nasdaq.com | Edison International's Ex-Dividend Reminder - 9/14/26 | https://www.nasdaq.com/articles/edison-internationals-ex-dividend-reminder-9-14-26
  • N8 | 2026-08-26 | www.nasdaq.com | Dick’s Sporting Goods’ Core Business Grows 4.9%, but Foot Locker Losses and Weak Guidance Send Shares Tumbling | https://www.nasdaq.com/articles/dicks-sporting-goods-core-business-grows-49-foot-locker-losses-and-weak-guidance-send
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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