OXE Marine Q3’21: First impression

Research Note



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

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