Tenon Medical, Inc.

Tenon Medical, Inc.

TNON
Tenon Medical, Inc.US flagNASDAQ
0.20
USD
-0.01
- -
1.45MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.31
1.14
6.9
12.91
2.7
0.53
0.51
Basic EPS, GAAP
-4.17
-50.18
-188.93
-68.71
-11.26
-1.7
-1.37
Free Cash Flow per Basic Share
-1.19
-31.28
-128.56
-55.32
-8.29
-1.49
-1.28
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-31.93
-146.48
-394.42
-242.88
-56.63
-11.01
-9.38
Tangible Book Value per Share
-19.28
-146.32
62.44
3.43
1.83
-0.13
-0.45
Basic Weighted Avg Shares
- -
- -
- -
- -
1
7
9
Sales/Revenue/Turnover
- -
- -
1
3
3
4
5
Operating Margin (%)
-1,223.85
-4,038.12
-2,709.84
-537.12
-420.08
-324.34
-269.63
Depreciation Expense
- -
- -
- -
- -
1
1
1
Net Income, GAAP
-1
-7
-19
-16
-14
-13
-12
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-1,335.41
-4,405
-2,737.63
-532.14
-417.24
-318.36
-270.09
Working Capital
-1
-8
7
1
6
4
- -
LT Debt
- -
1
1
- -
- -
- -
1
Total Equity
-3
-21
6
1
6
5
2
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
4
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
1
Preferred Equity and Hybrid Capital
3
3
3
Shares Outstanding
9
11
11
Market Capitalization
8
6
7

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
7
7
8
Cash, Cash Equivalents & STI
3
4
5
Accounts Receivable, Net
1
2
2
Inventories
1
1
1
Total Current Liabilities
3
3
7
Payables & Accruals
2
2
2
ST Debt
- -
- -
4
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
218.53%
-15.59%
Free Cash Flow
- -
541.11%
9.48%
Net Income, GAAP
- -
246.95%
-8.17%
Sales/Revenue/Turnover
- -
190.6%
20.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
1
1
1
3
2025
1
1
1
1
4
2026
1
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-10.02
-8.16
-3.63
- -
-11.26
2025
-1.01
-0.36
-0.4
- -
-1.7
2026
-0.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Steven Foster
Full Time Employees
26
Sector
Healthcare
Industry
Medical - Devices
Address
104 Cooper Court Los Gatos CA United States of America 95032
IPO Date
Apr 27, 2022
Business
Tenon Medical, Inc. is a medical device company specializing in sacroiliac (SI) joint fusion solutions primarily aimed at patients suffering from sacro-pelvic disorders and chronic SI joint pain. Founded in 2012 and headquartered in Los Gatos, California, Tenon Medical manufactures and sells the Catamaran SI Joint Fusion System, a minimally invasive surgical implant system that uses a single robust titanium implant for stabilizing the SI joint. The company's product portfolio has expanded to include the SImmetry+ SI Joint Fusion System, a next-generation, minimally invasive lateral-access system featuring 3D-printed titanium implants designed for joint decortication, bone graft delivery, and fixation to achieve biological fusion across the SI joint. Tenon targets multiple commercial opportunities including primary SI joint procedures, revision surgeries for failed implants, and SI joint fusion adjuncts for spinal fusion surgeries. In the last two years, Tenon Medical has undergone significant strategic transformations. The company completed a $2.85 million at-the-market PIPE financing in November 2025 to support working capital and growth initiatives. In 2025, Tenon acquired CyVantage, which transformed it into a multi-product leader in SI joint fusion, diversifying its revenue streams and expanding its market reach by integrating the Symmetry product line and launching the new Symmetry+ system in late 2025. This multi-platform, multi-approach strategy strengthens Tenon's competitive position in the expanding SI joint fusion market. The company has also focused on reducing operating expenses by 29% year-over-year while maintaining strong financial health with $7.8 million in cash and no outstanding debt as of mid-2025. The SImmetry+ system has gained FDA 510(k) clearance and is undergoing a controlled early access rollout with select surgeons, reinforcing Tenon's commitment to innovative, clinically supported sacro-pelvic surgical solutions. Tenon Medical operates primarily in the medical device industry within the spine and orthopedic segments, catering to hospitals, surgical centers, and spine specialists across the United States and expanding internationally. The company is driven by clinical evidence-based product development and aims to provide durable, reliable fusion outcomes with its implant systems tailored to patient anatomy and pathology. Tenon's integrated product offerings now include Catamaran and SImmetry platforms, which provide surgeons with multiple options for SI joint stabilization in primary, revision, and adjunctive spinal fusion procedures, positioning Tenon as a growing force in the sacro-pelvic fusion market. This growth is underpinned by a highly experienced management team and a commercial infrastructure capable of supporting broad market adoption and new product launches.

Company News

APIChatGPT
  • Tenon Medical, Inc. Announces Regained Compliance with Nasdaq Stockholders' Equity Requirement

  • Tenon Medical(R) Announces FDA 510(k) Clearance for Catamaran(R) SI Joint Fusion System

  • WallachBeth Capital Announces Closing of Tenon Medical, Inc. $4.2 Million Public Offering

  • Tenon Medical, Inc. Announces Closing of $4.2 Million Public Offering

  • WallachBeth Capital Announces Pricing of Tenon Medical, Inc. $4.2 Million Public Offering

  • Tenon Medical, Inc. Announces Pricing of $4.2 Million Public Offering

  • Tenon(R) Medical Reports First Quarter 2026 Financial Results

  • Tenon Medical, Inc. Sets Date for First Quarter 2026 Earnings

  • Tenon Medical, Inc. (TNON) Q4 2025 Earnings Call Transcript

  • Tenon(R) Medical Reports Fourth Quarter and Full Year 2025 Financial Results

  • WallachBeth Capital Announces Closing of Tenon Medical, Inc Private Placement of Senior Original Issue Discount Convertible Notes Offering for Gross Proceeds of $4.3 Million

  • Tenon Medical Announces Closing of Private Placement of Senior Convertible Notes Offering for Gross Proceeds of $ 4.3 Million

  • Tenon(R) Medical Strengthens Intellectual Property Portfolio with Strategic Patent Expansion

  • Reviewing Positron (OTCMKTS:POSC) and Tenon Medical (NASDAQ:TNON)

  • Tenon Medical, Inc. Sets Date for Fourth Quarter and Full Year 2025 Earnings, Reaffirms Expected Revenues

  • Financial Comparison: Tenon Medical (NASDAQ:TNON) & Waters (NYSE:WAT)

  • Beta Bionics (NASDAQ:BBNX) Trading Down 9.2% on Analyst Downgrade

  • Tenon Medical (NASDAQ:TNON) Trading Down 1.7% – Time to Sell?

  • Financial Comparison: Beta Bionics (NASDAQ:BBNX) and Tenon Medical (NASDAQ:TNON)

  • Tenon Medical Announces Successful Completion of Initial Cases with New SImmetry(R)+ SI Joint Fusion System