Redeye is happy to see OXE Marine beating our forecasts across the board. Sales grew by 35% Y/Y and gross margins improved to 37%. EBITDA almost reached break even for the first time ever. So obviously good execution. The visibility beyond Q3 is rather low as no new large contracts have been announced since the USD6.6m US Government order in January. Hence, we will probably not raise our top-line forecasts at this point, despite the upbeat Q2 report.
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