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OPHM revenue nearly doubled, but the GP margin fell from 59.6% to 48.0% due to a shift toward higher-volume, lower-margin products. Despite the margin decline, total profit increased as stronger sales volume more than compensated for the lower margins.
Revenue jump confirm steady business but that margin compression shows them fighting hard for market share. Net profit still up so the volume strategy working for now even if the margins taking a bit of a hit.
If they cannot stabilize those costs soon, that profit growth gonna look real shaky when the next quarter report comes out, but I got confidence in OHM
