OXE Marine Q4 2022: Surprisingly weak - Redeye

Redeye was hoping for a much stronger Q4, and so did OXE Marine too. Q4 numbers are way below expectations across the board. Sales were weaker and a couple of non-recurring cost items resulted in lower gross margins and a major operating loss for the quarter. Although Q4 was probably somewhat of an air pocket, it does raise some concern to us. On a positive note OXE Marine has made a couple of interesting new product launches lately. Moreover, management seems to address the current challenges in a constructive manner. Still, we will most likely lower our near-term forecasts.

Länk till analysen i sin helhet: https://www.redeye.se/research/884787/oxe-marine-q4-2022-surprisingly-weak?utm_source=finwire&utm_medium=RSS