OssDsign AB (publ)

OSSD.ST

Medical - Devices · Healthcare

Exchange

Stockholm Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Winston Score History

The full picture

OssDsign is a Swedish medical device company that makes custom implants used to repair bones in the skull and spine. Its main products are cranial and spinal fusion implants made from a calcium phosphate material designed to bond with the patient's own bone over time. The company sells primarily to hospitals and surgeons, with a focus on reconstructive and neurosurgery procedures.

OssDsign earns revenue by selling these implants directly to hospitals, mainly in Europe and North America. The 95% gross margin reflects the high value of specialized surgical implants, but the company is still operating at a loss as it invests in sales expansion and clinical adoption. Its key competitive advantage is the proprietary biomaterial technology, which mimics natural bone and may reduce complications compared to traditional titanium implants. The main risk is that OssDsign is a small company competing against much larger medical device makers, and it needs to significantly grow its surgeon base and procedure volumes to reach profitability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-17.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+33.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

34.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~2 years

kr 171M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

kr 171M cash & investments at current burn rate

Revenue declining

OssDsign AB (publ)'s revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

91.6%

Premium pricing power — 91.6% gross margin

Profit after running costs

Operating Margin

-35.9%

Losing money on operations — -35.9%

Return on the money invested

ROCE

-16.4%

Weak — -16.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+14.0%

Fast-growing sales (+14.0% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-39.4%

Burning cash (-39.4%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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