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OssDsign AB (SE:OSSD)
:OSSD
Sweden Market
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OssDsign AB (OSSD) AI Stock Analysis

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SE:OSSD

OssDsign AB

(OSSD)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
kr4.00
▲(0.50% Upside)
Action:Reiterated
Date:08/09/26
The score is primarily held back by persistent operating losses and ongoing negative operating/free cash flow, alongside stalled recent revenue growth. Offsetting these risks are very strong gross margins and a conservatively levered balance sheet, while technicals remain weak versus longer-term moving averages and valuation is difficult to support due to negative earnings and no indicated dividend.
Positive Factors
Very high gross margins
Sustained ~95%+ gross margins indicate strong product economics and pricing power in the device business. This durable margin buffer means incremental revenue can flow to operating profit once fixed operating costs are controlled, improving long-term profitability potential.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow indicate the company is consuming cash to fund operations and growth. Over 2–6 months this reduces runway and forces reliance on external financing or equity, which can dilute shareholders or constrain investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Very high gross margins
Sustained ~95%+ gross margins indicate strong product economics and pricing power in the device business. This durable margin buffer means incremental revenue can flow to operating profit once fixed operating costs are controlled, improving long-term profitability potential.
Read all positive factors

OssDsign AB (OSSD) vs. iShares MSCI Sweden ETF (EWD)

OssDsign AB Business Overview & Revenue Model

OssDsign AB Financial Statement Overview

Summary
Mixed fundamentals: strong gross margins (~95%+) and a very strong, low-leverage balance sheet (debt-to-equity ~0.004) support resilience, but the company remains unprofitable (TTM EBIT margin ~-27%, net margin ~-28%) with revenue momentum recently slipping (TTM revenue down ~4.2%) and continued cash burn (TTM operating cash flow ~-53.0M; TTM free cash flow ~-61.9M).
Income Statement
42
Neutral
Balance Sheet
78
Positive
Cash Flow
33
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue172.54M180.16M133.94M112.16M56.98M31.73M
Gross Profit164.37M173.47M127.75M83.64M45.13M20.84M
EBITDA-47.30M-44.30M-45.31M-122.02M-89.41M-79.97M
Net Income-47.88M-50.99M-49.66M-130.49M-99.39M-93.92M
Balance Sheet
Total Assets377.50M397.87M307.42M356.39M339.50M343.99M
Cash, Cash Equivalents and Short-Term Investments170.48M191.35M100.86M165.94M124.65M151.37M
Total Debt1.16M1.37M1.97M3.15M13.60M14.13M
Total Liabilities78.64M87.84M93.36M105.26M91.39M81.26M
Stockholders Equity298.87M310.03M214.06M251.13M248.11M262.72M
Cash Flow
Free Cash Flow-67.92M-71.43M-63.04M-94.03M-89.36M-89.84M
Operating Cash Flow-53.03M-64.03M-62.38M-93.91M-89.23M-89.78M
Investing Cash Flow-12.11M-7.40M-657.00K-124.00K-129.00K-51.85M
Financing Cash Flow158.51M163.18M-2.46M135.40M61.84M243.43M

OssDsign AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
kr1.24B24.8414.08%0.26%-0.27%93.40%
59
Neutral
kr1.12B-102.41-2.58%28.39%-141.02%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
52
Neutral
kr583.48M-69.38-2.84%-13.72%52.47%
50
Neutral
kr581.70M-5.21-37.43%27.40%26.07%
47
Neutral
kr473.48M-9.4613.96%20.18%
45
Neutral
kr973.50M-27.42-3.99%-0.34%29.54%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:OSSD
OssDsign AB
4.14
-10.55
-71.83%
SE:PAX
Paxman AB
48.10
-28.30
-37.04%
SE:SEZI
Senzime AB
3.84
-2.97
-43.69%
SE:BACTI.B
Bactiguard Holding AB
15.80
-13.10
-45.33%
SE:CRAD.B
C-Rad AB Class B
35.60
1.70
5.03%
SE:SEDANA
Sedana Medical AB
10.68
-6.00
-35.97%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 09, 2026