OXE Marine AB (publ) – Q1 2020 preliminary results and business update
In view of the general uncertainty about the economic effects of COVID-19, OXE Marine AB (publ) (the “Company”) today issues its preliminary results for Q1 2020 with a general update of the business situation. The Company has achieved significant improvements across the board during Q1 2020 to the comparable period with clear progress to meeting its financial target for 2020. Cash burn rate to be reduced further going forward with serial production of the OXE300 to commence in July 2020.The Company’s preliminary results for Q1 2020 (compared to Q1 2019, unless otherwise stated) is as