OXE Marine Q4 2024: First impression - Redeye

Redeye was hoping for slightly higher Q4 numbers, but quarterly variations are not unusual. Parts & Accessories posted lower sales in Q4, which had some negative impact on gross profits. Following last year’s refinancing of debt and capital injection OXE Marine now has a solid balance sheet. Also, thanks to the record size order from the US Government in January (USD6.6m) it has a healthy order backlog going into 2025.

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