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TNON
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152 days

Tenon Medical Reports Fourth Quarter and Full Year 2024 Financial Results

1. TNON reports a 12% revenue increase to $3.3 million for 2024. 2. Upcoming launch of Catamaran SE in mid-2025 could drive future growth.

Earnings
-9.91%Current Return
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-0.31%S&P 500
$1.1103/20 04:07 PM EDTEvent Start
$103/21 10:24 PM EDTLatest Updated
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FAQ

Why Bullish?

The revenue growth and planned product launch suggest positive market sentiment. Companies with upcoming innovations often see stock appreciation, similar to past Biotech trends.

How important is it?

The article provides key financial figures and outlines future growth potential, impacting TNON’s valuation significantly.

Why Long Term?

The revenue growth indicates operational stability, but the Catamaran SE launch will take time to impact; historical launches have shown delayed revenue realization.

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MDTABTSNN
~ 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 Robust Patent Portfolio of Twelve U.S. and International Patents ~ ~ Introduced Catamaran SE Platform and Successfully Completed Initial Clinical Procedures ~ ~ National Commercial Launch of Catamaran SE in Mid-2025 ~ 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. Financial Results and Business Updates Fourth Quarter 2024 Results: Revenue of $0.8 million, in line with the fourth quarter of 2023.

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