Tenon Medical, Inc.

TNON - Financial Snapshot

Healthcare sector | Medical Devices industry

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Metrics for TNON

Price $0.8
Shares Outstanding 11.11M
All-Time Low $0.64
52-Week Low $0.64

Balance Statement Metrics

Net Cash / Share $0
cashValuePerShare = (Cash + Short Term Investments - Total Liabilities) / Shares Outstanding
⇒ cashValuePerShare = ((3,442,000 - 5,568,000) / 11,106,444) = -0.1914
Net Current Assets / Share $0.09
netCurrentAssetsPerShare = (Current Assets - Total Liabilities) / Shares Outstanding
⇒ netCurrentAssetsPerShare = ((6,545,000 - 5,568,000) / 11,106,444) = 0.088
Net Tangible Assets / Share $0.17
netTangibleAssetsPerShare = (Total Assets - Intangibles - Total Liabilities) / Shares Outstanding
⇒ netTangibleAssetsPerShare = ((10,366,000 - 2,907,000 - 5,568,000) / 11,106,444) = 0.17
Shares Outstanding Ave Change (Annual) 181.67%
Shares Δ YoY 865.67%
Avg CA Burn (Annual %) 24.85% (as of 2-20-2026)
Avg CA Burn (Quarterly %) -7.98% (as of 2-20-2026)

Earning Metrics

Max Earning Power / Share $-2.74
maxEarningPowerPerShare = (EBITDA / EP_MULTIPLIER) / Shares Outstanding
⇒ maxEarningPowerPerShare = ((-3,194,000 / 0.105) / 11,106,444) = -2.7389
Adjusted Earning Power $-2.86
adjustedEarningPower = (Net Income / EP_MULTIPLIER) / Shares Outstanding
⇒ adjustedEarningPower = ((-3,339,000 / 0.105) / 11,106,444) = -2.8632
Non-Cash Charges to Market Cap 1.63%
nonCashChargeToMKTCAP = Non-Cash Charges / Market Capitalization
Avg EBITDA (5Y) 0 (as of 2-20-2026)
Avg EBITDA (5Q) 0 (as of 2-20-2026)
Avg Net Income (5Y) -13.8M (as of 2-20-2026)
Avg Net Income (5Q) -3.2M (as of 2-20-2026)
Data as of: Price 03-20-26 16:00 ET, Balance Sheet 2025-09-30, Income Statement 2025-09-30, Cash Flow 2025-09-30

Indicators

Dividend indicators Value Date
Current Dividend Streak No 2-20-2026
Consecutive Years Paid No 2-20-2026
Pays Dividend No 2-20-2026
Income indicators Value Date
EBITDA Positive No 2-20-2026
Net Income Positive No 2-20-2026
Current Dividend Streak No 2-20-2026

Metric History Explorer

Pick a metric to view its history table and chart.

Tangible Book Value Per Share History

Formula: Tangible Book Value / shares from balance statements. Includes 5 quarterly + 4 annual.

Chart plots one TBV / Share point per report date (duplicate same-date annual/quarterly rows are merged).

Report Date Period TBV / Share Tangible Book Value Shares Used
2025-09-30 Quarterly $-0.14 -1.2M ($-1,183,000) 8.6M (8,605,508)
2025-06-30 Quarterly $0.39 3M ($2,961,000) 7.6M (7,592,217)
2025-03-31 Quarterly $0.74 5.6M ($5,624,000) 7.6M (7,589,965)
2024-12-31 Quarterly $0.71 2.2M ($2,219,000) 3.1M (3,138,804)
2024-12-31 Annual $0.71 2.2M ($2,219,000) 3.1M (3,138,804)
2024-09-30 Quarterly $1.42 4.4M ($4,439,000) 3.1M (3,136,013)
2023-12-31 Annual $2.39 778K ($778,000) 325K (325,038)
2022-12-31 Annual $44.51 6.3M ($6,252,000) 140.5K (140,460)
2021-12-31 Annual $-146.32 -20.6M ($-20,552,000) 140.5K (140,460)

Dividend Payments

Historical cash dividends per share from Yahoo ex-dividend dates.

Date Dividend / Share
No dividend payment history available yet

Shares Outstanding Changes

Date Shares Outstanding Delta
2025-12-11 11,106,444 +282,800
2025-11-26 10,823,644 +2,217,904
2025-11-20 8,605,740 +2,748
2025-09-29 8,602,992 -276,228
2025-08-22 8,879,220 +987,000
2025-08-15 7,892,220 +302,250

Short Interest Changes

Latest short-interest change: 270,017 shares (2.44% of float) | Days to cover: 0.11

Date Short Interest Delta Δ %
2026-03-12 270,017 shares -564,861 -67.66%
2026-02-27 834,878 shares +755,277 +948.83%
2026-02-11 79,601 shares +29,856 +60.02%

Interesting Volume Days

Volume/ratio use shares outstanding as of the event date (frozen).

Date Volume Shares Outstanding Volume / Shares Price
2026-02-09 45,054,960 11,106,444 405.67% $0.82

Tenon Medical, Inc., a medical device company, engages in the development of implant for the treatment of severe lower back pain in the United States. The company offers Catamaran SI-Joint Fusion System, an invasive approach to the sacroiliac joint (SI Joint) using a titanium implant for treatment of the most common types of SI Joint disorders that cause lower back pain. It also provides Catamaran Fixation Device which passes through both the axial and sagittal planes of the ilium and sacrum, transfixing the SI Joint along its longitudinal axis. Tenon Medical, Inc. was incorporated in 2012 and is headquartered in Los Gatos, California.