Tenon Medical Inc

TENON Medical, Inc. is a medical device company, which is designed to optimize sacroiliac joint fixation / fusion surgery and corresponding outcomes. The firm is preparing a national launch of this system to address the greatly underserved market opportunity that exists in this space. The company was founded on June 19, 2012 and is headquartered in Los Gatos, CA.

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Tenon Medical, Inc. is a medical device company, which engages in the development of a minimally invasive approach to the sacroiliac joint (SI joint) using a single titanium implant for treatment of the most common types of SI Joint disorders. The company was founded by Richard Ferrari and Richard Ginn on June 19, 2012 and is headquartered in Los Gatos, CA.

Experienced Medical Devices Industry Executive Joins Tenon's Board of Directors LOS GATOS, CA / ACCESSWIRE / March 28, 2024 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced that Kristine Jacques has been appointed as an independent member of the Company's Board of Directors on March 25, 2024, effective immediately. Following this appointment, Tenon Medical's Board of Directors consists of seven members, including four independent directors.

Tenon(R) Medical Appoints Kristine Jacques to its Board of Directors

Preliminary SI Joint Fusion Results Based on Independent Radiologist Review Indicate Robust Fusion at 12-Months Post-Procedure Initial Patient Results Demonstrate Marked Improvements in Pain Scores and Disability, Along with High Patient Satisfaction Ratings LOS GATOS, CA / ACCESSWIRE / March 26, 2024 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced significant progress in the post-market study utilizing the Company's Catamaran® SI Joint Fusion System. The study is a prospective, multi-center, single-arm post market study evaluating the clinical outcomes of patients with sacroiliac joint disruptions or degenerative sacroiliitis treated with the Catamaran SI Joint Fusion System.

Tenon(R) Medical Announces Positive Fusion Results in First Patients Reaching 12-Month Follow Up in an IRB Approved, Multi-Centered, Post-Market Study Utilizing the Catamaran(R) SI Joint Fusion System

Tenon Medical, Inc (TNON) Q4 2023 Earnings Call Transcript

Fourth Quarter 2023 Revenue Increased 192% Year-Over-Year Full Year 2023 Revenue Increased 324% Year-Over-Year Surgical Procedures Increased 179% Year-Over-Year in the Fourth Quarter and 312% for the Full Year 2023 Achieved Three Consecutive Quarters of Positive Gross Profit Margin in 2023 Catamaran® SI Joint Fusion System Included in a Series of Immersive Physician Webinar Training Programs Attended by Sixty Healthcare Providers in Q4 LOS GATOS, CA / ACCESSWIRE / March 12, 2024 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon Medical" or the "Company"), a company transforming care for patients suffering with certain sacroiliac joint (SI Joint) disorders, today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter & Full Year 2023 and Subsequent Highlights Revenue of $808,000 in the fourth quarter of 2023, a 192% increase over the prior year quarter.

Tenon Medical Reports Fourth Quarter and Full Year 2023 Financial Results

LOS GATOS, CA / ACCESSWIRE / February 27, 2024 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacroiliac joint (SI Joint) disorders, today announced plans to release financial results for the fourth quarter and full year 2023 ended December 31, 2023 after market close on Tuesday, March 12, 2024. The Company will also hold a conference call the same day at 4:30 p.m.

Tenon Medical, Inc. Announces Timing of Fourth Quarter and Full Year 2023 Financial Results

Received Notice of Allowance from the USPTO on February 15, 2024 LOS GATOS, CA / ACCESSWIRE / February 22, 2024 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced that on February 15, 2024, the United States Patent and Trademark Office ("USPTO") issued a Notice of Allowance for U.S. Patent Application Serial Number 18/107,536 for Tenon's Catamaran® SI Joint implant for stabilizing a dysfunctional sacroiliac (SI) joint. A U.S. patent based on U.S. Patent Application Serial Number 18/107,536 should thus issue within the next ninety (90) days.

Tenon Medical, Inc. Announces Issuance of Notice of Allowance of Patent Application Which Further Enhances Important Claims for its Sacroiliac Joint Implant

Raises Approximately $2.6 Million in Gross Proceeds Retires $1.25 Million in Secured Debt This corrects and replaces the headline in the release that was disseminated earlier today. LOS GATOS, CA / ACCESSWIRE / February 21, 2024 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced the closing of a private placement of 172,239 shares of the Company's Series A Preferred Stock (the "Preferred Stock") and 258,374 warrants to purchase the Company's common stock at an exercise price of $1.27 per share at a combined offering price of $15.125 per share of Preferred Stock, for total gross proceeds of approximately $2.6 million.

CORRECTION: Tenon Medical, Inc. Issues Approximately $3.85 Million in Series A Preferred Stock

~ Raises Approximately $2.6 Million in Gross Proceeds ~ ~ Retires $1.25 Million in Secured Debt ~ LOS GATOS, CA / ACCESSWIRE / February 21, 2024 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced the closing of a private placement of 172,239 shares of the Company's Series A Preferred Stock (the "Preferred Stock") and 258,374 warrants to purchase the Company's common stock at an exercise price of $1.27 per share at a combined offering price of $15.125 per share of Preferred Stock, for total gross proceeds of approximately $2.6 million. The Company will utilize the proceeds for growth investments, working capital and general corporate purposes.

Tenon Medical, Inc. Raises Approximately $2.6 Million in Series A Preferred Stock

Meeting adjourned to Tuesday, January 30, 2024, at 1:30pm Pacific Time LOS GATOS, CA / ACCESSWIRE / January 8, 2024 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced that the January 8, 2024 Special Meeting of Stockholders was adjourned to January 30, 2024 at 1:30pm Pacific Time to provide additional time to obtain stockholders' votes on Proposal 2, approval of an amendment of the Certificate of Incorporation. For additional information, please refer to the proxy statement previously filed by the Company with the Securities and Exchange Commission ("SEC") on November 22, 2023.

Tenon Medical, Inc. Announces Second Adjournment of Special Meeting of Stockholders

Meeting adjourned to Monday, January 8, 2024 at 1:30pm Pacific Time LOS GATOS, CA / ACCESSWIRE / December 22, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced that the December 21, 2023 Special Meeting of Stockholders was adjourned to January 8, 2024 at 1:30pm Pacific Time to provide additional time to obtain stockholders' votes on Proposal 2, approval of an amendment of the Certificate of Incorporation. For additional information, please refer to the proxy statement previously filed by the Company with the Securities and Exchange Commission ("SEC") on November 22, 2023.

Tenon Medical, Inc. Announces Adjournment of Special Meeting of Stockholders

~ Training Programs Led by Dr. Matthew Davies from Duluth, MN and Included Simulated Catamaran Procedure ~ ~ Reached Approximately 60 Health Care Providers Between the Two Catamaran Training Sessions ~ LOS GATOS, CA / ACCESSWIRE / December 20, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced participation in two recent immersive physician webinar training programs featuring the Company's Catamaran SI Joint Fusion System. Dr. Matthew Davies, from Orthopedic Associates of Duluth in MN led the training programs discussing his clinical experience with the system in over 50 Catamaran procedures as well as providing a demonstration of the simple inferior-posterior implantation technique of this unique transfixing SI joint implant.

Tenon Medical Announces Participation in Two Key Immersive Webinar Physician Training Programs Featuring the Company's Catamaran(R) SI Joint Fusion System

~ Provides Additional Liquidity to Augment Commercialization of Tenon's SI Joint Fusion Devices ~ LOS GATOS, CA / ACCESSWIRE / November 21, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced that it issued $1.25 million in Secured Notes due November 21, 2024 (the "Notes") and warrants to purchase 45,000 shares of the Company's common stock (the "Warrants"), in a private placement led by veteran early stage medical technology and health tech investor Steve Hochberg, Partner of Ascent Special Ventures ("Ascent"). The Notes accrue interest at 10% per annum and are prepayable at any time by the Company.

Tenon Medical Announces Closing of $1.25 Million Secured Note Financing

~ Revenue Increased 354% Year-Over-Year to $944,000 ~ ~ Gross Profit Margin of 57% an Increase of 31 Basis Points Sequentially ~ ~ Surgical Procedures Increased 329% in the Third Quarter ~ ~ Concluded the Quarter with the Surgical Launch of the JIB Instrument Kit for the Catamaran® SI Joint Fusion System ~ LOS GATOS, CA / ACCESSWIRE / November 14, 2023 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon Medical" or the "Company"), a company transforming care for patients suffering with certain sacroiliac disorders, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 and Subsequent Highlights Revenue of $944,000, a 354% increase over the prior year quarter, and up 27% on a sequential basis compared to Q2 2023.

Tenon Medical Reports Third Quarter 2023 Financial Results

~ No Observations, No Objectionable Conditions and No Form 483 Issued ~ LOS GATOS, CA / ACCESSWIRE / November 3, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, announced today, the US Food and Drug Administration (FDA) concluded a full Quality System Inspection Technique (QSIT) Level 2 Inspection at Tenon Medical. The QSIT inspection, used to assess a medical device manufacturer's compliance with the Quality System Requirements (QSR) and related regulations, guides the FDA investigators in performing an efficient and effective inspection, focusing on all key elements of a firm's Quality Management System.

Tenon Medical Passes FDA Level 2 Inspection

LOS GATOS, CA / ACCESSWIRE / November 2, 2023 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacroiliac joint (SI Joint) disorders, today announced plans to release financial results for the third quarter 2023 ended September 30, 2023 after market close on Tuesday, November 14, 2023. The Company will also hold a conference call the same day at 4:30 p.m.

Tenon Medical, Inc. Announces Timing of Third Quarter 2023 Financial Results

LOS GATOS, CA / ACCESSWIRE / November 1, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced, a 1:10 reverse stock split of the Company's issued and outstanding common stock. The reverse stock split will become effective at 12:01, Eastern Time, on November 2, 2023, prior to the commencement of trading on the Nasdaq Capital Market.

Tenon Medical Announces 1:10 Reverse Split

Mark H. Stouffer, MD and team from Zion Surgery Center successfully perform multiple Catamaran cases with JIB Instrument Kit in St George, UT The JIB Kit is a next generation instrument set utilized to implant the Company's Catamaran Fixation Device during a SI Joint fusion procedure LOS GATOS, CA / ACCESSWIRE / September 13, 2023 / Tenon Medical®, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint (SI Joint) disorders, today announced the expanded use of the Company's new JIB instrument kit to targeted physicians and centers as the introductory launch progresses. Utilizing the new JIB kit, Mark H.

Tenon Medical(R) Announces Expanded Physician Use of New JIB Instrument Kit for Company's Catamaran(R) SI Joint Fusion System

LOS GATOS, CA / ACCESSWIRE / September 12, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced that it has withdrawn its proposed public offering of shares of its common stock. Steven Foster, Chief Executive Officer of Tenon, commented "In the interest of achieving the best value for our stockholders, we made the decision to withdraw our recently announced public offering of common stock.

Tenon Medical Announces Withdrawal of Public Offering of Common Stock

Tenon Medical (NASDAQ: TNON ) stock is falling on Monday after the surgical implant company announced a proposed public offering for its shares. Tenon Medical announced the proposed public stock offering for TNON shares after markets closed on Friday.

Why Is Tenon Medical (TNON) Stock Down 30% Today?

Tenon Medical Announces Proposed Public Offering of Common Stock LOS GATOS, CA / ACCESSWIRE / September 8, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced that it has commenced a public offering of shares of its common stock (the "Offering"). All of the shares of common stock are being offered by Tenon.

Tenon Medical Announces Proposed Public Offering of Common Stock

Surgical Procedures Increase 469% Revenue Increased 450% Year-Over-Year to $743,000 Achieved Positive Gross Profit LOS GATOS, CA / ACCESSWIRE / August 8, 2023 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon Medical" or the "Company"), a company that has developed transformative care for patients suffering with certain sacroiliac disorders, today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Revenue of $743,000, a 450% increase over the prior year quarter, and up 72% on a sequential basis compared to Q1 2023.

Tenon Medical Reports Second Quarter 2023 Financial Results

LOS GATOS, CA / ACCESSWIRE / July 25, 2023 / Tenon Medical, Inc. (NASDAQ:TNON) ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacroiliac disorders, today announced plans to release financial results for the second quarter 2023 ended June 30, 2023 after market close on Tuesday, August 8, 2023. The Company will also hold a conference call the same day at 4:30 p.m.

Tenon Medical, Inc. Announces Timing of Second Quarter 2023 Financial Results

LOS GATOS, CA / ACCESSWIRE / June 16, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced the closing of its public offering of 10,000,000 units, with each unit consisting of one share of common stock and two warrants, each warrant to purchase one share of common stock. Each unit was sold at a public offering price of $0.56.

Tenon Medical Announces Closing of $5.6 Million Public Offering

LOS GATOS, CA / ACCESSWIRE / June 14, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company") (NASDAQ:TNON), a company transforming care for patients suffering with certain sacroiliac joint disorders,today announced the pricing of its public offering of 10,000,000 units, with each unit consisting of one share of common stock and two warrants, each warrant to purchase one share of common stock. Each unit is being sold at a public offering price of $0.56.

Tenon Medical Announces Pricing of $5.6 Million Public Offering

Tenon Medical, Inc. to Participate in the Virtual Benchmark Healthcare House Call Conference on May 23, 2023 LOS GATOS, CA / ACCESSWIRE / May 17, 2023 / Tenon Medical, Inc. ("Tenon" or the "Company"), a company transforming care for patients suffering with certain sacroiliac disorders, today announced the Company will participate in The Benchmark Company Healthcare House Call Virtual 1x1 Investor Conference on Tuesday, May 23, 2023. Steven Foster, Tenon Chief Executive Officer and President, and Steven Van Dick, Tenon Chief Financial Officer, will attend and will be available for virtual one-on-one and small group meetings.

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