Business
Tenon Medical Reports Fourth Quarter and Full Year 2024 Financial Results
~ Full Year 2024 Revenue of $3.3 Million, a 12% Increase Compared to Prior Year ~ ~ Interim Analysis from MAINSAIL Study Reinforces Safety Profile, Effectiveness and Confirmation of Fusion ~ ~ Catamaran® SI Joint Fusion Technology Protected with ...
About this update from Tenon Medical, Inc.
[{"type":"text","content":"~ Full Year 2024 Revenue of $3.3 Million, a 12% Increase Compared to Prior Year ~","length":81,"tagName":"p"},{"type":"text","content":"~ Interim Analysis from MAINSAIL Study Reinforces Safety Profile, Effectiveness and Confirmation of Fusion ~","length":108,"tagName":"p"},{"type":"text","content":"~ Catamaran® SI Joint Fusion Technology Protected with Robust Patent Portfolio of Twelve U.S. and International Patents ~","length":129,"tagName":"p"},{"type":"text","content":"~ Introduced Catamaran SE Platform and Successfully Completed Initial Clinical Procedures ~","length":91,"tagName":"p"},{"type":"text","content":"~ National Commercial Launch of Catamaran SE in Mid-2025 ~","length":58,"tagName":"p"},{"type":"text","content":"LOS GATOS, CA / ACCESS Newswire / March 20, 2025 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon Medical" or the "Company"), a company transforming care for patients suffering from certain Sacroiliac Joint (SIJ) disorders, today reported financial results for the fourth quarter and year ended December 31, 2024.","length":328,"tagName":"p"},{"type":"text","content":"Financial Results and Business Updates","length":38,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fourth Quarter 2024 Results:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $0.8 million, in line with the fourth quarter of 2023.","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $353,000, as compared to $559,000 in the fourth quarter of 2023.","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin of 46%, as compared to 69% in the fourth quarter of 2023.","length":70,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":215,"olType":false}]},{"val":[{"type":"text","content":"Full Year 2024 Results:","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $3.3 million, a 12% increase compared to $2.9 million in 2023.","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $1.7 million, a 38% increase compared to $1.2 million in 2023.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin of 52%, a 10 percentage point improvement from 42% in 2023.","length":72,"tagName":"p"}]}],"tagName":"ul","bulletedList":...