Brownie's Marine Group Announces First Quarter 2026 Financial Results

(TheNewswire)

May 28, 2026 – TheNewswire -  Brownie’s Marine Group, Inc.(OTCID: BWMG), a marine technology innovator focused on tanklessdiving systems, mini scuba tanks, high-pressure scuba compressors,underwater scooters, and electric watersports technologies, todayannounced its financial results for the first quarter ended March 31,2026.

First Quarter FinancialHighlights

• Revenues for the three months ended March 31, 2026, were $2.1 million,an increase of 38% compared to $1.5 million in the same period of2025. 

• Gross profit was $982 thousand, compared to $504 thousand in the sameperiod in 2025. 

• Net profit was $493 thousand, as compared to a net loss of $54thousand in the same period of 2025. 

Robert Carmichael, CEO of Brownie's Marine Group, stated: “Thefirst quarter of 2026 marks a significant improvement in our financialand operating results as part of our business plan to increaserevenues, generate positive cash flow, and attain profitabilitysimultaneously. Our results reinforce that we are delivering growththrough industry-leading innovation and our rapidly expandingbusinesses and product lines. We believe we are well positioned todeliver growth through new and expanding customer relationships."

“Our success during the first quarter was a result of our strategyand planning which we began back in 2025 that included moving into anew and larger facility in Davie, Florida. The expansion of the Brownie’s Sea LiON battery-powered tankless divesystem with the new lower-priced Sea LiON Sport model contributed tothe quarter. At BLU3, the new Nomad 3X Battery showed strong sales in its firstfull quarter available on the market as an upgrade option for new andexisting Nomad owners. We also recently announced the addition ofAwake electric surfboards into our expanding electric watersportsportfolio, which is still in its early stages, but has shown itself tobe very promising as we focus on building our sales channels on a moreglobal basis,” concluded Mr. Carmichael.

Figure 1. Sea LiON Battery-Powered Tankless DiveSystem

Brownie’s Sea LiON battery-powered tankless dive system withfloating surface unit and diver safety flag for portableunderwaterdiving applications.

About Brownie's MarineGroup

Brownie’s Marine Group is a marine technology company headquarteredin Davie, Florida, focused on innovative products that expand accessto underwater and surface-water environments. Through brands includingBrownie’sThird Lung®, BLU3®, LW Americas, Submersible Systems Inc. (Spare Air®), and SeaNXTAmericas, the company develops and distributes battery-poweredtankless diving systems, portable emergency mini scuba tanks for scubaand helicopter safety applications, high-pressure scuba tankcompressors, underwater scooters, surface supplied air systems, andmarine mobility technologies. Learn more at browniesmarinegroup.com

Forward-Looking Statements

This news release may contain forward-looking statements within themeaning of Section 27a of the Securities Act of 1933 (as amended) andsection 21e of the Securities and Exchange Act of 1934 (as amended).Those statements include the intent, belief or current expectations ofthe Company and its management team. Forward-looking statements areprojections of events, revenues, income, future economics, research,development, reformulation, product performance or management'splans and objectives for future operations. Some or all the events orresults anticipated by these forward-looking statements may not occur.Prospective investors are cautioned that any such forward-lookingstatements are not guarantees of future performance and involve risksand uncertainties, and that actual results may differ materially fromthose projected in the forward-looking statements because of variousfactors. Accomplishing the strategy described herein is significantlydependent upon numerous factors, many that are not inmanagement's control.

Investor Contact
Andrew Barwicki
andrew@barwicki.com
516-662-9461

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