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OssDsign Q1: Steep acceleration of sales - Redeye

Redeye sees another quarter in which OssDsign rolls out Catalyst full steam ahead. Sales were in line with our relatively optimistic forecast, with a stronger gross margin than anticipated. Our thesis of the company being a solid high-growth play is strengthened by the report. We reiterate our base case and note a hefty discount to its peers’ multiples.

Redeye sees another quarter in which OssDsign rolls out Catalyst full steam ahead. Sales were in line with our relatively optimistic forecast, with a stronger gross margin than anticipated. Our thesis of the company being a solid high-growth play is strengthened by the report. We reiterate our base case and note a hefty discount to its peers’ multiples.
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