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Visual22 Oct 2025
Epiroc's cash spent on M&A
Tenon Medical (TNON) investor relations material
Tenon Medical Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary13 Aug, 2025
Executive summary
Completed strategic acquisitions (SciVantage/SiVantage, SImmetry, SIMPL), expanding product portfolio, IP, and commercial capabilities in sacropelvic fixation and SI joint technology.
Advanced Catamaran platform with FDA clearance for expanded indications and prepared for Catamaran SE commercial launch.
Operating expenses decreased 29% year-over-year, but losses from operations remain significant.
Net loss for Q2 2025 was $2.8M ($0.36/share), improved from $3.8M ($8.16/share) year-over-year.
Catamaran adoption increases in complex spine procedures, with ongoing clinical validation and training initiatives.
Financial highlights
Q2 2025 revenue was $564,000 (down 37% year-over-year); six-month revenue was $1.3M (down 20%).
Gross profit for Q2 was $245,000 (43% margin), down from $470,000 (52%) year-over-year.
Operating expenses for Q2 2025 were $3.1M, down 29% year-over-year.
Net loss for Q2 2025 was $2.8M, improved from $3.8M in Q2 2024.
Ended Q2 with $7.8M in cash and no debt.
Outlook and guidance
Integration of acquisitions and Catamaran SE launch expected to drive revenue growth and market expansion in H2 2025.
Alpha surgeries for Symmetry Plus anticipated in Q4, with full launch early next year.
Management expects continued operating losses and negative cash flows; additional capital will be sought.
How will SiVantage acquisition impact scale?
When will Symmetry Plus launch occur?
Detail the Symmetry product reimbursement.
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Next Tenon Medical earnings date
Q3 202512 Nov, 2025
Next Tenon Medical earnings date
Q3 202512 Nov, 2025
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Frequently asked questions
Tenon Medical Inc. is a medical device company focused on the development and provision of surgical implant systems designed to treat severe lower back pain in the United States and Puerto Rico. The company's flagship product, the CATAMARAN SI-Joint Fusion System, is engineered to fuse sacroiliac joints (SI-Joints) to address SI-Joint dysfunction, a common cause of severe lower back pain. This system features a fixation device that traverses the axial and sagittal planes of the ilium and sacrum, thereby stabilizing and transfixing the SI joints for improved patient outcomes. Founded in 2012, Tenon Medical has established itself in the healthcare sector, specifically within the medical devices industry, by innovating solutions aimed at improving the quality of life for patients suffering from back pain due to SI-Joint dysfunction. The company is headquartered in Los Gatos, California, and its shares are listed on the Nasdaq.
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