Oxe Marine: Q2’21, First comment - Redeye

Redeye is encouraged by solid gross margins and clearly lower Opex than we expected. EBITDA is still in the reds, but given the anticipated ramp-up in H2, break-even should soon be within reach. We are growing more optimistic on the case, but would like to see a bit more progress before making any major changes to our forecasts and valuation.

https://www.redeye.se/research/817677/oxe-marine-q221-first-comment?utm_source=finwire&utm_medium=RSS