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SENASTE
Redeye views the Q2 report as confirmation that OXE Marine is making good progress. Higher sales and a growing customer base, including more repeat orders. Gross margins are weak, but for obvious reasons, and will recover during the fall. The US merger and integration has been smooth, and management is very excited about the new opportunities that lie ahead. We are making some adjustments to our forecasts, but the net impact on our valuation is insignificant.
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