Tenon Medical Inc (TNON) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic ... [Yahoo! Finance]
Tenon Medical, Inc. (TNON)
Company Research
Source: Yahoo! Finance
Tenon Medical Inc ( NASDAQ:TNON ) reported an 18% year-over-year increase in revenue for the first nine months of 2024, driven by a 5% rise in surgical procedures using the catamaran system. Gross margin improved significantly by 2,200 basis points to 54% for the first nine months of 2024 compared to the same period last year. The company strengthened its balance sheet with an investment from a healthcare-focused institutional investor, resulting in net proceeds of approximately $9.6 million. Tenon Medical Inc ( NASDAQ:TNON ) has made considerable commercialization and technical advances, including the development of a second-generation, smaller version of the catamaran implant. The company received three new patents related to its enhanced catamaran prosthesis, strengthening its competitive position in the industry. Revenue declined by 6% in the third quarter of 2024 compared to the same quarter in 2023, primarily due to unexpected reimbursement preauthorization headwinds.
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TNON
News
- Tenon Medical, Inc. (NASDAQ: TNON) had its price target lowered by analysts at Maxim Group from $22.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- Tenon Medical Reports Third Quarter 2024 Financial ResultsAccesswire
- Tenon Medical Announces Initial Clinical Cases Successfully Completed with Company’s New Catamaran(R) SE SI Joint Fusion SystemAccesswire
- Tenon Medical, Inc. Announces Timing of Third Quarter 2024 Financial Results Accesswire
- Tenon Medical(R) Regains Full Compliance with Nasdaq Continued Listing RequirementsAccesswire
TNON
Analyst Actions
- 11/15/24 - Maxim Group
TNON
Sec Filings
- 11/14/24 - Form 10-Q
- 11/12/24 - Form 424B3
- 11/12/24 - Form EFFECT
- TNON's page on the SEC website