Wed, Jul 2, 9:15 PM (12 days ago)
**Brownie's Marine Group, Inc. (BWMG) - Q1 2025 Summary** **Financial Health & Performance:** - **Revenue:** $1,529,203K (down from $1,607,522K in Q1 2024) - **Gross Profit:** $504,030K (down from $587,435K in Q1 2024) - **Operating Expenses:** $549,268K (down from $903,199K in Q1 2024) - **Net Loss:** $54,468K (improved from $335,716K loss in Q1 2024) - **Cash Flow:** Net cash used in operations was $115,729K (improved from $466,364K in Q1 2024) **Key Metrics & Trends:** - **Liquidity:** Cash decreased to $341,038K from $417,678K in Q4 2024. - **Debt:** Total liabilities decreased to $4,052,269K from $4,186,956K in Q4 2024. - **Shareholders' Equity:** Decreased to $1,531,331K from $1,579,960K in Q4 2024. **Uncertainties & Future Operations:** - Going concern uncertainties due to continued losses and cash burn. - Dependence on related party transactions and convertible notes. - Potential restructuring of convertible notes and debt obligations. **Impact on Future Operations:** - Focus on cost control and improving operational efficiency. - Continued dependence on related party support and debt restructuring. - Need to generate sustainable revenue growth to improve financial health. **Summary:** BWMG showed improved net loss and cash flow but still faces significant challenges, including liquidity concerns, debt obligations, and going concern uncertainties. The company must focus on revenue growth and cost management to ensure long-term sustainability.