Tenon Medical, Inc.
Business
Tenon Medical, Inc. is a medical device company focused on treating sacroiliac joint disorders through minimally invasive surgical systems. The company offers The Catamaran System, which uses a single titanium implant for SI Joint fusion via an inferior-posterior approach, and The SImmetry+ System, acquired in August 2025, which employs a lateral access approach with decortication and bone grafting. Both systems target a large and underserved U.S. market for sacroiliac joint procedures. The company markets directly through independent distributors and sales representatives to spine and pelvic surgeons.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 4 | 3 | 3 | 691,000 | 160,000 | |
| Cost of sales | 2 | 2 | 2 | 1 | 55,000 | |
| Gross Profit | 2 | 2 | 1 | −641,000 | 105,000 | |
| General and administrative | 7 | 8 | 7 | 7 | 3 | |
| Sales and marketing | 6 | 5 | 7 | 8 | 2 | |
| Research and development | 2 | 3 | 3 | 3 | 2 | |
| Total Operating Expenses | 15 | 15 | 17 | 18 | 7 | |
| Loss from Operations | −13 | −14 | −16 | −19 | −6 | |
| Gain on investments | 236,000 | 183,000 | 167,000 | 180,000 | 2,000 | |
| Interest expense | — | −34,000 | −21,000 | — | — | |
| Other expense, net | — | −56,000 | — | −18,000 | — | |
| Total Other Income, net | 236,000 | 93,000 | 146,000 | −192,000 | −620,000 | |
| Net Loss | −13 | −14 | −16 | −19 | −7 | |
| Basic (in Dollars per share) | −1.7 | −11.26 | −68.64 | −23.62 | −7.81 | |
| Diluted (in Dollars per share) | −1.7 | −11.26 | −68.64 | −23.62 | −7.81 | |
| Basic (in Shares) | 7,384 | 1,214 | 227 | 801 | 903 | |
| Diluted (in Shares) | 7,384 | 1,214 | 227 | 801 | 903 | |
| Foreign currency translation adjustment | — | 46,000 | 38,000 | 7,000 | — | |
| Total Comprehensive Loss | −13 | −14 | −16 | −19 | −7 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 4 | 7 | 2 | 2 | 3 | |
| Accounts receivable, net | 2 | 863,000 | 518,000 | 228,000 | 76,000 | |
| Inventory | 1 | 606,000 | 554,000 | 415,000 | 188,000 | |
| Prepaid expenses and other current assets | 260,000 | 206,000 | 389,000 | — | — | |
| Total current assets | 7 | 8 | 4 | 9 | 8 | |
| Property and equipment, net | 918,000 | 752,000 | 961,000 | 793,000 | 101,000 | |
| Deposits | 51,000 | 51,000 | 51,000 | 51,000 | 41,000 | |
| Operating lease right-of-use asset | 131,000 | 399,000 | 646,000 | 873,000 | 1 | |
| Deferred offering costs | — | 431,000 | 798,000 | 25,000 | 374,000 | |
| Intangible assets, net (Notes 3 and 6) | 485,000 | — | — | — | — | |
| Goodwill (Note 3) | 2 | — | — | — | — | |
| TOTAL ASSETS | 11 | 10 | 6 | 11 | 9 | |
| Accounts payable | 845,000 | 369,000 | 433,000 | 550,000 | 478,000 | |
| Accrued expenses | 2 | 910,000 | 808,000 | 717,000 | 1 | |
| Current portion of accrued commissions | 590,000 | 303,000 | 470,000 | — | — | |
| Current portion of operating lease liability | 141,000 | 287,000 | 256,000 | 228,000 | 202,000 | |
| Total current liabilities | 3 | 2 | 3 | 3 | 15 | |
| Accrued commissions, net of current portion | 2 | 2 | 2 | 2 | — | |
| Operating lease liability, net of current portion | — | 141,000 | 428,000 | 683,000 | 911,000 | |
| Contingent consideration (Note 3) | 993,000 | — | — | — | — | |
| Total liabilities | 6 | 4 | 6 | 5 | 16 | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Common stock, $0.001 par value; 130,000,000 shares authorized at December 31, 2025 and 2024; 10,851,273 and 3,138,804 shares issued and outstanding at December 31, 2025 and 2024, respectively | 11,000 | 3,000 | — | 1,000 | 1,000 | |
| Additional paid-in capital | 83 | 71 | 56 | 46 | 113,000 | |
| Accumulated deficit | −81 | −69 | −55 | −39 | −21 | |
| Total stockholders equity | 5 | 6 | 778,000 | 6 | −21 | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 11 | 10 | 6 | 11 | 9 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation expense | 2 | 4 | 4 | 3 | 377,000 | |
| Depreciation and amortization | 262,000 | 408,000 | 199,000 | — | — | |
| Provision for losses on accounts receivable | 16,000 | 41,000 | — | — | — | |
| Amortization of operating right-of-use asset | 268,000 | 247,000 | 227,000 | 211,000 | 112,000 | |
| Accounts receivable | −851,000 | −386,000 | −290,000 | −152,000 | −61,000 | |
| Inventory | −387,000 | −52,000 | −139,000 | −227,000 | −145,000 | |
| Prepaid expenses and other assets | −35,000 | 183,000 | −301,000 | −57,000 | −130,000 | |
| Accounts payable | 486,000 | −64,000 | −117,000 | 72,000 | 444,000 | |
| Accrued expenses | 648,000 | −171,000 | −99,000 | 2 | 426,000 | |
| Operating lease liability | −287,000 | −256,000 | −227,000 | −202,000 | −82,000 | |
| Net cash used in operating activities | −11 | −10 | −12 | −12 | −4 | |
| Purchase of assets from SiVantage, Inc. | −750,000 | — | — | — | — | |
| Purchases of property and equipment | −273,000 | −186,000 | −361,000 | −847,000 | −102,000 | |
| Net cash used in investing activities | −1 | −186,000 | 6 | −3 | −5 | |
| Gross proceeds from issuance of common stock, prefunded warrants, and warrants | 4 | 5 | — | — | — | |
| Gross proceeds from exercise of warrants under inducement agreement | 3 | 5 | — | — | — | |
| Gross proceeds from issuance of common stock and warrants | 3 | — | — | — | — | |
| Gross proceeds from issuance of Series A convertible preferred stock | — | 3 | — | — | — | |
| Gross proceeds from issuance of Series B convertible preferred stock | — | 550,000 | — | — | — | |
| Gross proceeds from issuance of common stock | — | 2 | 495,000 | 14 | 0 | |
| Gross proceeds from exercise of warrants | — | 812,000 | 258,000 | — | — | |
| Offering costs | −928,000 | −1 | — | — | — | |
| Net cash provided by financing activities | 9 | 14 | 6 | 14 | 11 | |
| Effect of foreign currency translation on cash flow | — | 46,000 | 38,000 | 7,000 | −2,000 | |
| Net (Decrease) Increase in Cash and Cash Equivalents | −3 | 4 | 299,000 | −788,000 | 3 | |
| Warrant modification costs | 5 | 992,000 | — | — | — | |
| Preferred stock issued upon conversion of debt and accrued interest | — | 1 | — | 14 | — | |
| Reclassification of deferred offering costs to additional paid-in capital | 421,000 | 367,000 | — | — | — | |
| Common stock issued upon conversion of Series A preferred stock | 678,000 | — | — | — | — | |
| Common stock issued for purchase of assets from SiVantage, Inc. | 1 | — | — | — | — | |
| Contingent consideration for purchase of assets from SiVantage, Inc. | 1 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Tenon Medical, Inc.'s CIK number?
Tenon Medical, Inc.'s SEC CIK number is 0001560293 (1560293). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Tenon Medical, Inc.'s SEC filings?
All of Tenon Medical, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Tenon Medical, Inc. last report earnings?
Tenon Medical, Inc. (TNON) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-055085). This is Tenon Medical, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Tenon Medical, Inc.'s most recent earnings 8-K?
Tenon Medical, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001213900-26-055085. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Tenon Medical, Inc.'s latest earnings 8-K →
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