OSSDNasdaq StockholmMedical DevicesIFRS · SEK

OssDsign

OssDsign is a Swedish medical technology company focused on products used in spine surgery and orthobiology. The group operates through OssDsign AB and its subsidiaries in the U.S., the U.K. and Scotland, with sales activities conducted through OssDsign USA Inc.

Revenue133.9bn SEK
+99,900.0 %y/y
Operating profit (EBIT)-46.8m SEK
+8.7 %y/y
EBIT margin-0.0%
+38.2 ppy/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-50050100150bn SEK2020: 0.02 bn SEK2020: EBIT -0.08 bn SEK20202021: 0.03 bn SEK2021: EBIT -0.09 bn SEK20212022: 0.06 bn SEK2022: EBIT -0.09 bn SEK20222023: 0.11 bn SEK2023: EBIT -0.11 bn SEK20232024: 0.13 bn SEK2024: EBIT -0.05 bn SEK20242025: 133.9 bn SEK2025: EBIT -0.05 bn SEK2025133.9-0.05
RevenueOperating profit (EBIT)

Business

Share of revenue
Spine orthobiology70 %

Bone graft and fusion products used in spinal procedures.

Cranial implants20 %

Patient-specific cranial implant solutions for neurosurgical reconstruction.

Clinical and commercial support10 %

Clinical evidence generation, education and market support around products.

Customers

OssDsign sells primarily to hospitals, surgeons and healthcare systems that perform spine and cranial procedures. Its products are used in clinical settings where surgeons value evidence-backed implants and bone graft materials that support complex reconstructive and fusion cases.

Hospitals and healthcare systems

Buy products for surgical departments that treat spine and cranial reconstruction cases.

Spine surgeons

Use OssDsign Catalyst in fusion procedures where clinical evidence and handling matter.

Neurosurgeons

Use Cranial PSI for patient-specific cranial reconstruction cases.

Orthobiology distributors and channel partners

Support market access and product placement in selected geographies.

Strategy

OssDsign’s strategy centers on building clinical evidence around OssDsign Catalyst and using that evidence to expand adoption with surgeons and hospitals. The company is also focused on scaling its U.S. commercial platform and broadening its product range to support long-term growth and eventual operating profitability.

Clinical evidence generationShort term

Published outcomes help differentiate the products in a crowded medtech market.

U.S. commercial expansionMedium term

The U.S. is the core revenue market and the main platform for scaling adoption.

Product portfolio expansionMedium term

A broader offering can increase procedure coverage and customer relevance.

Geography

OssDsign is headquartered in Uppsala, Sweden, but its commercial footprint is centered in the United States. The reports show U.S. net sales as the only disclosed geographic revenue market, and the company also maintains subsidiaries in England, Scotland and Maryland to support operations and sales.

Risks

OssDsign faces typical medtech risks tied to regulation, product liability, intellectual property and clinical adoption. It also has financial exposure to foreign exchange, future financing needs and the concentration of sales in the U.S., which can amplify the impact of commercial or regulatory setbacks.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Regulatory and licensing risk1Future financing risk2Product liability risk3Intellectual property risk4Foreign exchange risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Regulatory and licensing riskImpact: HighLikelihood: Medium

    Medical devices must meet government and industry requirements before sale and use.

    Exposure: Product development and commercialization

  2. Future financing riskImpact: HighLikelihood: Medium

    Growth and product development can require external capital before cash generation.

    Exposure: Corporate funding and expansion plans

  3. Product liability riskImpact: HighLikelihood: Low

    Implantable products can create claims if outcomes or safety are challenged.

    Exposure: Clinical use and post-market surveillance

  4. Intellectual property riskImpact: MediumLikelihood: Medium

    The company depends on patents and know-how to protect its products.

    Exposure: Catalyst and cranial implant portfolio

  5. Foreign exchange riskImpact: MediumLikelihood: Medium

    Operations and sales span SEK, USD and other currencies.

    Exposure: U.S. sales and group reporting

Accounting

Judgemental items
Capitalized development costs

Development spending is partly recognized as intangible assets, affecting EBITDA and asset balances.

Impact: Reported operating expenses and intangible assets

Impairment testing of intangibles

Recoverable value depends on future cash flow and discount-rate assumptions.

Impact: Potential write-downs of goodwill or development assets

Revenue timing and intra-group sales

Parent-company sales timing can differ from external group sales because inventory is held in the U.S.

Impact: Quarterly comparability and revenue recognition timing

Foreign exchange translation

USD/SEK movements affect reported sales and margins in SEK.

Impact: Reported revenue, gross margin and operating result

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

OssDsign (XSTO) – Medical Devices | Financial Analysis – Clarifo