OXE Marine Q3’21: First impression
Research Note
2021-10-29
12:33
Redeye is encouraged to see that OXE Marine is making good progress in the third quarter. Despite some constraints in the supply of components announced earlier, sales are increasing Q/Q. Gross margins are stable and Opex lower than we expected. The ramp up continues and Q4 will probably see significant improvements in the P&L. Maybe even positive cash flow, which is one of OXE Marine’s financial targets.
Henrik Alveskog
Disclosures and disclaimers