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Tenon Medical, Inc.

corporate_fare Company Profile

Tenon Medical, Inc.

TNON·NASDAQ·Industrial Applications And Services·CIK 0001560293

Tenon Medical, Inc. is a medical device company focused on improving care for patients with specific sacro-pelvic disorders. Incorporated in Delaware on June 19, 2012, the company was headquartered in San Ramon, California until June 2021, when it moved to Los Gatos, California. Tenon Medical currently provides two systems for treating a diseased sacroiliac joint (SI Joint). The Catamaran®™ SI Joint Fusion System, which received U.S. Food and Drug Administration (FDA) clearance in 2018, offers a less invasive approach to the SI Joint using a single, robust, titanium implant for common SI Joint disorders causing lower back pain. Since its national launch in October 2022, the company has concentrated on the US market and three commercial opportunities: primary SI Joint procedures, revision procedures for failed SI Joint implants, and SI Joint fusion as an adjunct to a spine fusion construct. In August 2025, Tenon Medical acquired substantially all assets of SiVantage, Inc. and SIMPL Medical, LLC, including The SImmetry +® SI Joint Fusion System. This system treats SI Joint disorders through a minimally invasive lateral access solution, incorporating orthopedic fusion principles such as joint decortication, bone graft placement, and rigid fixation to achieve biological fusion across the SI Joint.

Tenon Medical, Inc. (NASDAQ:TNON) is a publicly traded company in the Industrial Applications And Services sector. Wiseek has independently scored 47 items for TNON at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-10-22, rated 7/10. Across its 20 most recent items scored 7 or higher, the top rating is 9/10, with 6 rated 8 or above. Recent SEC coverage for TNON spans 8-K, 424B5, 424B3, S-3/A.

Recent high-impact activity:

  • Tenon Medical Pays 125,000 Warrants to Unlock ATM Increase
  • Tenon Medical Ups ATM Capacity to $7.18M, Discloses $2.81M Already Sold
  • Tenon Medical Launches SImmetry+ 3D Printed SI Joint Fusion Screw After $1.2M Alpha Revenue
  • Tenon Medical Secures $2.87M via Warrant Inducement, Issues 858K New Warrants
  • Tenon Medical Closes $2.87M Warrant Inducement, Issues 858K New Warrants

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
3.94M
Net Income
-12.56M
Diluted EPS
-1.70
Op. Cash Flow
-10.74M
Free Cash Flow
-11.02M
Gross Profit
2.36M
Operating Income
-12.79M
Cash & Equivalents
3.76M
Debt / Equity
0.00×
Net Margin
-318.4%
Shares Outstanding
10.85M sh
Source: 10-K · filed 2026-03-27 · accession 0001213900-26-035707

Short Interest & Short Volume

1.00 days to cover

FINRA reported short interest of 51,800 shares in TNON as of the October 15, 2026 settlement, a 14.8% decrease from the prior period — about 1.0 days to cover at its recent average daily volume. On October 30, 2026, 32.1% of TNON volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)51,800 shares as of October 15, 2026
Change vs prior period▼ 14.8%
Days to cover1.00 at avg daily volume of 895,424
Daily short volume (FINRA facilities)32.1% of 70,199 shares on October 30, 2026
5-day average short volume44.3%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

High risk

Filing-implied dilution signals for TNON, detected from its recent SEC filings · based on capital-structure filings through 2026-10-16.

2 recent capital raisesATM program4 shelf registrationsreverse split

ATM Capacity Raised to $7.18M · $2.81M Already Sold Under ATM

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$2.1 +2.30% today
52-week range · as of 2026-10-22 $2.1 – $45.5
Market cap
$5.51M
Volume
172.5K (0.1× avg)
3-mo avg 2.3M
Live data · 2026-11-01 12:33 UTC · Market closed

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feed TNON - Latest Insights

TNON
Oct 22, 2026, 5:02 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $2.23
Real-time Price: $2.10 info
Change: -$0.1364 (-6%) info
Market Cap: $5.512M info
TNON
Oct 16, 2026, 4:23 PM EDT
Filing Type: 424B5
Importance Score:
7
Price at Filing: $2.70
Real-time Price: $2.10 info
Change: -$0.6028 (-22%) info
Market Cap: $5.512M info
TNON
Sep 30, 2026, 8:30 AM EDT
Source: ACCESS Newswire
Importance Score:
7
Price at Filing: $2.76
Real-time Price: $2.10 info
Change: -$0.6628 (-24%) info
Market Cap: $5.512M info
TNON
Sep 16, 2026, 5:23 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $4.04
Real-time Price: $2.10 info
Change: -$1.94 (-48%) info
Market Cap: $5.512M info
TNON
Sep 14, 2026, 1:00 PM EDT
Source: PR Newswire
Importance Score:
7
Price at Filing: $5.66
Real-time Price: $2.10 info
Change: -$3.56 (-63%) info
Market Cap: $5.512M info
TNON
Sep 09, 2026, 8:45 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $4.21
Real-time Price: $2.10 info
Change: -$2.11 (-50%) info
Market Cap: $5.512M info
TNON
Sep 04, 2026, 5:38 PM EDT
Filing Type: 424B3
Importance Score:
7
Price at Filing: $3.53
Real-time Price: $2.10 info
Change: -$1.43 (-41%) info
Market Cap: $5.512M info
TNON
Sep 02, 2026, 4:43 PM EDT
Filing Type: S-3/A
Importance Score:
7
Price at Filing: $4.47
Real-time Price: $2.10 info
Change: -$2.37 (-53%) info
Market Cap: $5.512M info
TNON
Sep 01, 2026, 4:46 PM EDT
Filing Type: 4
Importance Score:
7
Price at Filing: $4.46
Real-time Price: $2.10 info
Change: -$2.36 (-53%) info
Market Cap: $5.512M info
TNON
Aug 31, 2026, 3:40 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $4.62
Real-time Price: $2.10 info
Change: -$2.52 (-55%) info
Market Cap: $5.512M info
TNON
Aug 28, 2026, 9:00 AM EDT
Source: PR Newswire
Importance Score:
7
Price at Filing: $5.72
Real-time Price: $2.10 info
Change: -$3.62 (-63%) info
Market Cap: $5.512M info
TNON
Aug 24, 2026, 1:23 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $6.49
Real-time Price: $2.10 info
Change: -$4.39 (-68%) info
Market Cap: $5.512M info
TNON
Aug 14, 2026, 8:57 PM EDT
Filing Type: S-3/A
Importance Score:
8
Price at Filing: $5.35
Real-time Price: $2.10 info
Change: -$3.25 (-61%) info
Market Cap: $5.512M info
TNON
Aug 13, 2026, 5:20 PM EDT
Filing Type: 10-Q
Importance Score:
9
Price at Filing: $5.76
Real-time Price: $2.10 info
Change: -$3.66 (-64%) info
Market Cap: $5.512M info
TNON
Aug 13, 2026, 4:25 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $5.75
Real-time Price: $2.10 info
Change: -$3.65 (-64%) info
Market Cap: $5.512M info
TNON
Aug 11, 2026, 6:17 PM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $6.00
Real-time Price: $2.10 info
Change: -$3.90 (-65%) info
Market Cap: $5.512M info
TNON
Aug 11, 2026, 5:30 PM EDT
Filing Type: S-3
Importance Score:
8
Price at Filing: $6.14
Real-time Price: $2.10 info
Change: -$4.04 (-66%) info
Market Cap: $5.512M info
TNON
Aug 10, 2026, 5:26 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $5.88
Real-time Price: $2.10 info
Change: Reverse Stock Split info
Market Cap: $5.512M info
TNON
Jul 24, 2026, 4:45 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $0.1898
Real-time Price: $2.10 info
Change: Reverse Stock Split info
Market Cap: $5.512M info
TNON
Jul 20, 2026, 8:23 AM EDT
Source: SEC EDGAR
Importance Score:
7
Price at Filing: $0.2082
Real-time Price: $2.10 info
Change: Reverse Stock Split info
Market Cap: $5.512M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets