No it can't even hold the 0.2's
O.K., so was a PRE-mkt. flip.
Found it on this thread! I got lucky and got out of this scam early with a 130% gain. It's all BS with most of these micro cap NASDAQ
TNON: WHERE did you dig-up my Pre-Columbian post here??!!!
Admiral Subs, Orion Fleet Commander!! (SORRY for my belated replies here, but off today behind family matters; but MONSTER THANKS!! Will still toss bucks at some of your picks today, when they lock-in for launch or set-back.)
It’s all based on perceptions
The new way to pump a POS. Go for it, bro!
enon Medical Announces Withdrawal of Public Offering of Common Stock
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a company transforming care for patients suffering with certain sacroiliac joint disorders, today announced that it has withdrawn its proposed public offering of shares of its common stock.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. We have a fiduciary responsibility to all our stakeholders and believe the value of our Company would not have been properly reflected in the proposed offering of our common stock."
About Tenon Medical, Inc.
Tenon Medical, Inc., a medical device company formed in 2012, has developed The Catamaran® SI Joint Fusion System that offers a novel, less invasive approach to the SI joint using a single, robust titanium implant. The system features the Catamaran® Fixation Device which passes through both the axial and sagittal planes of the ilium and sacrum, stabilizing and transfixing the SI Joint along its longitudinal axis. The angle and trajectory of the Catamaran surgical approach is also designed to provide a pathway away from critical neural and vascular structures and into the strongest cortical bone. Since the national launch of the Catamaran SI Joint Fusion System in October 2022 Tenon is focused on three commercial opportunities with its System in the SI Joint market which includes: 1) Primary SI Joint procedures, 2) Revision procedures of failed SI Joint implants and 3) SI Joint fusion adjunct to a spine fusion construct. For more information, please visit https://www.tenonmed.com/.
The Tenon Medical logo, Tenon Medical and Catamaran are registered trademarks of Tenon Medical, Inc.
On the conference call about this. Tenon Medical Reports Second Quarter 2023 Financial Results
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.
469% increase in the number of surgical procedures in which The Catamaran System was used compared to the prior year quarter.
Company achieved positive gross profit of 26%.
43 physicians completed a Catamaran workshop compared to 34 for Q1 2023.
Closed a $5.6 million public offering to be used for sales and marketing activities and general corporate purposes, including working capital.
"Our second quarter of 2023 was highlighted by triple digit revenue growth of 450% year over year, and 72% sequentially, as we continued to ramp adoption of The Catamaran System," said Steve Foster, CEO and President of Tenon Medical. "Following our significant revenue acceleration, gross profit turned positive in the quarter at $194,000, or 26% of revenue, marking a milestone for the Company.
"To reach our sales goals, we continued to execute our go-to-market strategy during the second quarter, hosting 43 physicians in Catamaran workshops to learn more about the effectiveness and ease of use of our product, as well as why the inferior-posterior approach is the optimized approach to the anatomy. This distinct implant system addresses a significant unmet market opportunity and is designed to produce broad and demonstrable advantages over market competitors. With an increase of 469% in the second quarter 2023 in the number of surgical procedures, we expect this number to continue to grow rapidly as our sales team broadens our aggressive marketing and promotion of the Catamaran System.
"Looking ahead, our recent $5.6 million capital raise, positions Tenon to accelerate our momentum in the second half of 2023. We are focused on sales and outreach through education and workshop events. We continue to reinforce our commitment to validating and differentiating patient outcomes and radiographic assessment with ongoing post market clinical studies. We expect to expand the application of our distinct product offering to address SI Revision, Adjunct to Multi-Level Fusion and SI procedures utilizing navigation software and imaging. This expansion will commence with select sites in September utilizing our next generation instrument set. This refinement promises improved graft handling, smaller access profile and enhanced access stabilization. We look forward to additional updates in the months to come as we build our sales infrastructure and execute on our growth objectives," concluded Foster.
Second Quarter 2023 Financial Results
Revenue was $743,000 in the second quarter of 2023, an increase of 450%, compared to $135,000 in the comparable year ago period. Revenue for the six months ended June 30, 2023, was $1.2 million, an increase of 471%, compared to $206,000 in six months ended June 30, 2022. The increase in revenue for the three and six months ended June 30, 2023, as compared to the same periods in 2022 was primarily due to increases of 469% and 476%, respectively, in the number of surgical procedures in which The Catamaran System was used.
Gross profit in the three months ended June 30, 2023, was $194,000, or 26% of revenues, compared to a gross loss of $136,000, or (101)% of revenues, in the comparable year ago quarter. For the six months ended June 30, 2023 gross profit was $147,000, or 13% of revenues, compared to a gross loss of $340,000, or (165)% of revenue, for the six months ended June 30, 2022. Gross margin percentage improved due to higher revenue associated with the increase in the number of surgical procedures.
Operating losses totaled $4.3 million for the second quarter of 2023, compared to a loss of $5.5 million in the second quarter 2022. The decrease in operating expenses were a result of the arbitration settlement and other consulting expenses in Q2 2022 offset by an increase in stock-based compensation, increases in sales and marketing and general expenses. For the six months ended June 30, 2023, operating losses totaled $9.2 million compared to $7.5 million in the prior year period. The increase in operating expenses were a result of an increase in stock-based compensation, increases in sales and marketing and general expenses as the Company builds its sales function and infrastructure to support future growth.
Net loss was $4.3 million for the second quarter of 2023, compared to a loss of $5.5 million in the same period of 2022. For the six months ended June 30, 2023, Net loss was $9.1 million compared to $7.8 million in the previous year period. The Company expects to incur additional losses in the future.
As of June 30, 2023, cash and cash equivalents and short-term investments totaled $6.3 million, as compared to $8.6 million as of December 31, 2022. As of June 30, 2023, the Company had no outstanding debt.
Q2 2023 Earnings Conference Call
Management will host an investor conference call at 4:30 p.m. ET (1:30 PT) today, Tuesday, August 8, 2023, to discuss Tenon's second quarter 2023 financial results, provide corporate update, and conclude with a Q&A with covering analysts. To participate, please use the following information:
Date: Tuesday, August 8, 2023
Time: 4:30 p.m. Eastern time
International Dial-in: 1-213-992-4624
Webcast: TNON Conference Call
Please dial in at least 10 minutes before the start of the call to ensure timely participation.
An audio playback of the call will be available through August 22, 2023, on Tenon's Investor Relations website at https://ir.tenonmed.com or via telephone replay by dialing 1-844-512-2921(USA) or 1-412-317-6671 (International). The access code will be 11152989.
About Tenon Medical, Inc.
Tenon Medical, Inc., a medical device company formed in 2012, has developed The Catamaran™ SI Joint Fusion System that offers a novel, less invasive approach to the SI joint using a single, robust titanium implant. The system features the Catamaran™ Fixation Device which passes through both the axial and sagittal planes of the ilium and sacrum, stabilizing and transfixing the SI joint along its longitudinal axis. The angle and trajectory of the Catamaran surgical approach is also designed to provide a pathway away from critical neural and vascular structures and into the strongest cortical bone. Tenon is underway with a national launch of this system to address the greatly underserved market opportunity that exists in this space. For more information, please visit www.tenonmed.com.
The Tenon Medical logo and Tenon Medical, are registered trademarks of Tenon Medical, Inc. Catamaran is a trademark of Tenon Medical, Inc.
This press release contains "forward-looking statements," which are statements related to events, results, activities or developments that Tenon expects, believes or anticipates will or may occur in the future. Forward-looking often contain words such as "intends," "estimates," "anticipates," "hopes," "projects," "plans," "expects," "seek," "believes," "see," "should," "will," "would," "target," and similar expressions and the negative versions thereof. Such statements are based
"As of July 10, 2023, the Company believes it is in compliance with the Minimum Equity Requirement as a result of the Public Offering."
The FEDS will ruin all our fun and profits and besides, they are busy with BIG FISH and not SMALL POTATOE stocks. If they ever do come in they will turn us into Baaaa Baaaa sheep.
TNON: I concur behind ALL of your points there, Capt. S-L!! I missed THIS one, behind its news hitting real late in the day --- but, as noted, I DID see that late PR before the Close today. And INDEED, the Feds. should step-in and RE-NAME "Wall Street" for what it REALLY is --- one monster gambling CASINO.
Up 127% on fluff. I already dumped in after-market. trading.are you aware that there is no longer a real stock market anymore? POS Companies explode in price while the real good earners do NOTHING! It's called the global casino where anything can explode for little or no reason. This is where the $$$$$ is on shit stocks. Makes no difference what sector or what they do.
TNON: I had read that too. So, yet ANOTHER form of FLUFF "news" sends a stock price SOARING. (A.) First PR that your Firm has filed to DUMP more shares on the Markets; (B.) then simply RETRACT that PR!!! LOVE-IT!! Whatever WORKS!!!
Good and you thk you
An old ipo friend pumping this morning
TNON $$$ KEEP ON HUGE WATCH...UP BIG AFTER HOURS, ABOVE 50 DAY AVERAGE..BLUE SKIES MOVE TOMORROW..
Tenon Medical, Inc. Announces Upcoming Virtual Conference Participation
Print item:Tenon Medical, Inc. Announces Upcoming Virtual Conference Participation View PDF item:Tenon Medical, Inc. Announces Upcoming Virtual Conference Participation
LOS GATOS, CA / ACCESSWIRE / May 25, 2022 / Tenon Medical, Inc. ("Tenon" or the "Company"), a medical device company that has developed a proprietary, U.S. Food and Drug Administration ("FDA") cleared surgical implant system for sacroiliac joint ("SI Joint") fixation/fusion surgery, today announced the Company will participate in The Benchmark Company Healthcare House Call Virtual 1x1 Investor Conference on Thursday, June 2, 2022.
Richard Ferrari, Founder and Executive Chairman, Steve Foster, CEO and President, and Steven Van Dick, CFO, will attend and will be available for virtual one-on-one and small group meetings.
For more information on the conference, please contact your conference representative. Meeting requests may also be emailed to email@example.com.
About Tenon Medical, Inc.
Tenon Medical, Inc., a medical device company formed in 2012, has developed a proprietary, FDA cleared surgical implant system, which is designed to optimize SI-Joint fixation / fusion surgery and corresponding outcomes. Tenon is preparing a national launch of this system to address the greatly underserved market opportunity that exists in this space.
MZ North America
$TNON: IPOs at $5.... now at $26.20 !!!!!!!!!!!!
This is whats gonna happen to $TMNA when it uplists in MAY