OSP osprey medical inc

Oh dear. So sad that this company is still not making traction...

  1. 909 Posts.
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    Oh dear. So sad that this company is still not making traction with a worthwhile product after so many years.
    And to actually show the sales figures in the quarterly is even sadder, as they view it as a highlight - the average sales rep (who must cost circa $100k each) is selling an average of 10 units each per week, with each unit selling for circa $350. So each rep is bringing in gross annual revenue of around $15k pa for their salary. Unfortunately this has not changed in the past 5 years. I have never understood why they persisted with this model for so long, and still do.

 
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Currently unlisted public company.

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