earnings
confidence high
sentiment neutral
materiality 0.75
Tenon Medical Q1 revenue $71K (+373% YoY), net loss $2.4M; closes $16M IPO
Tenon Medical, Inc.
- Revenue $71,000, up 373% from $15,000 in Q1 2021, driven by 80% increase in surgical procedures.
- Net loss $2.4 million, compared to $201,000 loss in prior year; operating loss $2.1 million.
- Cash $4.7 million at March 31, 2022; closed $16 million IPO on April 29, 2022, listing on Nasdaq.
- Commercial launch of Catamaran SIJ Fusion System; hosted 9 physician workshop events.
- Stock began trading on Nasdaq Capital Market under ticker "TNON".