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Tenon Medical, Inc. (TNON)
:TNON
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-3.77Last Year’s EPS
3.76Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 11, 2022
|% Change Since: -45.76%
|Next Earnings Date:Jun 07, 2022
Earnings Call Sentiment|Neutral
The earnings call highlighted significant year-over-year growth, improved gross margins, and strong financial positioning due to successful investments. The introduction of the new Catamaran SE and positive clinical data further underscore potential for future growth. However, the company faced a revenue decline in Q3 due to reimbursement challenges and continues to operate at a loss. Overall, the sentiment is cautiously optimistic with strong growth potential overshadowed by short-term challenges.Company Guidance
During the third quarter earnings call for Tenon Medical, several key metrics were discussed. The company reported a 6% decline in revenue for the quarter compared to the prior year, amounting to $887,000, while revenue for the first nine months of 2024 increased by 18% year-over-year to $2.5 million. Gross margin improved significantly to 54% for the first nine months, up from 32% in the same period the previous year. Despite a restructuring of sales operations that led to a decrease in operating expenses, the net loss for the quarter was $3.2 million, slightly improved from a $3.3 million loss in the third quarter of 2023. The company also highlighted the receipt of approximately $9.6 million in net proceeds from investments during the quarter, which will be used to expand their sales force and advance product development. Looking ahead, Tenon Medical anticipates continued revenue growth and market share gains, bolstered by their recent clinical data and upcoming product launches.Year-over-Year Revenue Growth
Revenue increased by 18% year-over-year, driven by a 5% rise in surgical procedures utilizing the Catamaran System.
Gross Margin Improvement
Gross margin improved by 2,200 basis points, reaching 54% for the first nine months of 2024 compared to 32% in the same period of the previous year.
Successful Investment and Financial Position
Received an investment from a healthcare-focused institutional investor, along with additional equity financings, resulting in net proceeds of approximately $9.6 million, fortifying the balance sheet.
Launch of Catamaran SE
Initiated prelaunch clinical work of the new Catamaran SE, with positive feedback from physicians and a planned full commercial launch in early 2025.
Positive Clinical Data
Interim analysis showed statistically significant reduction in SI joint pain and disability, with high patient satisfaction and a robust safety profile.
New Patents Issued
Received three new patents related to the Catamaran prosthesis, strengthening the competitive position.
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TNON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TNON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $3.30 | $2.81 | -14.85% |
| Aug 13, 2024 | $4.68 | $3.72 | -20.51% |
| May 14, 2024 | $7.84 | $6.96 | -11.22% |
| Mar 12, 2024 | $11.60 | $8.96 | -22.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tenon Medical, Inc. (TNON) report earnings?
Tenon Medical, Inc. (TNON) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Tenon Medical, Inc. (TNON) earnings time?
Tenon Medical, Inc. (TNON) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TNON EPS forecast?
TNON EPS forecast for the fiscal quarter 2024 (Q4) is -3.77.
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