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Tenon Medical (TNON) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 26, 2025

Tenon Medical (TNON) reported revenue of $770K for the fourth quarter 2024 (Q4 2024), -5% from a year earlier and -13% from the quarter before. Operating margin was -412.1%, net loss $3.1M (400.9% of revenue).

Revenue$770K
Year over year-5%
Quarter over quarter-13%
Operating margin-412.1%
Net earnings−$3.1M

Tenon Medical, Q4 2024: revenue $770K (-5% year over year), operating margin -412.1%, net loss $3.1M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$770K-13%-5%
Operating profit−$3.2M——
Net earnings−$3.1M——
Operating cash flow−$2.8M——

What changed

Revenue was $770K in Q4 2024, down 5% year over year and down 13% from the previous quarter.

Gross margin was 45.8%, down 23.3 points from a year earlier. Operating costs exceeded revenue by $3.2M, an operating margin of -412.1%. Operating expenses fell 5% while revenue fell 5%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $3.1M, narrower than the previous quarter's $3.2M loss.

Operating cash flow was −$2.8M. Non-cash charges added back $117K of depreciation and $883K of share-based compensation. Working capital and other items used $690K. Capital expenditures of −$37K exceeded it, leaving free cash flow of −$2.7M.

Questions

What was Tenon Medical's revenue in the fourth quarter 2024?

Tenon Medical (TNON) reported revenue of $770K for the fourth quarter 2024 (Q4 2024), -5% from a year earlier and -13% from the quarter before.

Was Tenon Medical profitable in the fourth quarter 2024?

Operating loss was $3.2M (-412.1% of revenue) and net loss $3.1M.

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Source: Tenon Medical 10-K on SEC EDGAR.