BROWNIE’S MARINE GROUP, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5M | $8.2M | $7.6M | $8.6M | $6.2M | $4.6M | $3.0M | $2.5M |
| Cost of Revenue | $4.7M | $4.9M | $5.5M | $5.8M | $4.3M | $3.1M | $2.5M | $2.2M |
| Gross Profit | $2.8M | $3.3M | $2.1M | $2.8M | $1.9M | $1.5M | $448.4K | $315.6K |
| Gross Margin | 37.4% | 40.4% | 27.8% | 32.6% | 30.3% | 32.1% | 15.1% | 12.4% |
| Operating Expenses | ||||||||
| Research & Development | $3.6K | $10.0K | $13.9K | $18.4K | $75.4K | $115.2K | $67.2K | $113.9K |
| SG&A Expense | $3.0M | $3.4M | $3.3M | $4.6M | $3.7M | $2.7M | $1.7M | $1.2M |
| Operating Income | $-147.3K | $-146.7K | $-1.2M | $-1.9M | $-1.9M | $-1.3M | $-1.3M | $-1.0M |
| Operating Margin | -2.0% | -1.8% | -15.4% | -21.6% | -29.8% | -29.3% | -43.3% | -39.8% |
| Interest Expense | — | — | $78.7K | $42.5K | $21.5K | $18.6K | $7.1K | — |
| Pretax Income | $-87.8K | $-240.6K | $-1.2M | $-1.9M | $-1.6M | $-1.4M | $-1.4M | $-1.3M |
| Income Tax Expense | $17.3K | — | — | — | — | — | — | $2.5K |
| Net Income | $-105.1K | $-240.6K | $-1.2M | $-1.9M | $-1.6M | $-1.4M | $-1.4M | $-1.3M |
| Net Margin | -1.4% | -2.9% | -16.5% | -22.1% | -25.5% | -29.7% | -47.9% | -51.3% |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $-0.01 | $-0.01 |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $-0.01 | $-0.01 |
| Shares Outstanding (Basic) | 474.9M | 438.9M | 436.2M | 410.5M | 349.6M | 288.3M | 206.3M | 105.9M |
| Shares Outstanding (Diluted) | 474.9M | 438.9M | 436.2M | 410.5M | 349.6M | 288.3M | 206.3M | 105.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |