Brownie's Marine Group, INC

Brownies Marine Group, Inc. announced the appointment of Mikkel Pitzner to its Board of Directors, effective July 16, 2026.

Brownies Marine Group, Inc. has acquired substantially all assets of Sunrise Paddleboards LLC through its subsidiary Live Blue, Inc., issuing 42 million shares of common stock.

Brownies Marine Group issued over 48 million common shares to its CEO and a director to settle $250,500 in accrued compensation, avoiding cash payments.

Brownies Marine Group, Inc. has again extended the maturity dates for two promissory notes totaling $430,000 owed to director Charles F. Hyatt until May 2026.

Brownies Marine Group, Inc. announced a revised compensation structure for CEO Robert Carmichael, effective November 1, 2025, including an increased base salary and new equity awards.

Brownies Marine Group, Inc. has secured six-month extensions on two promissory notes totaling $430,000 owed to board member Charles Hyatt, pushing maturity dates to November 2025.

Brownies Marine Group reported a 16.1% decrease in net revenues for Q1 2026 compared to Q1 2025, driven by lower sales in BTL and BLU3, though gross profit margin improved to 46.4%.

Brownies Marine Group reported a net income of $277,574 for the nine months ended September 30, 2025, a significant improvement from the prior year's loss, despite a slight revenue decrease.

Brownies Marine Group, Inc. reported a significant turnaround to net income and positive operating cash flow for the first half of 2025, despite ongoing concerns about its ability to continue as a going concern.

Brownies Marine Group reported a net income of $67,259 for the first six months of 2025, a significant turnaround from a loss in the prior year, despite a slight decrease in overall revenues.

Brownies Marine Group, Inc. reported a significantly reduced net loss of $54,468 for Q1 2025 compared to the prior year, despite a decrease in total net revenues, while acknowledging substantial doubt about its ability to continue as a going concern.

Brownies Marine Group saw a revenue increase and improved gross profit margin in the third quarter of 2024, but continues to face challenges related to internal controls and going concern.

Brownies Marine Group, Inc. filed its annual report for the fiscal year ended December 31, 2025, detailing a decrease in net revenues and continued efforts to manage expenses.

Brownies Marine Group, Inc. reported an 8.11% increase in total net revenues and a significant improvement in gross profit margin for the fiscal year ended December 31, 2024, despite incurring a net loss and facing substantial doubt about its ability to continue as a going concern.

Brownies Marine Group's 2023 annual report reveals a net loss and decreased revenue, raising concerns about the company's ability to continue as a going concern.