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Unless specifically set forth to the contrary, when used in this report references to the Company, we, our, us, and similar terms refers to Brownie s Marine Group, Inc., a Florida corporation, and its wholly owned subsidiaries, Trebor Industries, Inc., a Florida corporation ( Trebor ) doing business as Brownie s Third Lung, Brownie s High Pressure Compressor Services, Inc. a Florida corporation…
The business is unprofitable at the operating level (-1.96% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.0% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$171K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$8M
▼ -8.0% YoY
Net Income (TTM)
$442K
▲ +56.3% YoY
Op. Margin
-1.81%
▼ -0.2pp YoY
ROIC
-3.41%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$632K
▲ +41.9% YoY
Op. Cash Flow (TTM)
$632K
▲ +41.8% YoY
Net Debt
$425K
Cash & Equiv.
$850K
5Y CAGR: +10.5%
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