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TNONW
Upturn stock rating

Tenon Medical, Inc. Warrant (TNONW)

Upturn stock rating
$0.03
Last Close (24-hour delay)
upturn advisory
PASS
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  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

10/15/2025: TNONW (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -44.44%
Avg. Invested days 7
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/15/2025

Key Highlights

Company Size ETF
Market Capitalization 0 USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) -
Beta -
52 Weeks Range 0.01 - 0.09
Updated Date 02/26/2025
52 Weeks Range 0.01 - 0.09
Updated Date 02/26/2025
Dividends yield (FY) -
Basic EPS (TTM) -

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -
Return on Equity (TTM) -

Valuation

Trailing PE -
Forward PE -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating -
Shares Outstanding -
Shares Floating -
Percent Insiders -
Percent Institutions -

ai summary icon Upturn AI SWOT

Tenon Medical, Inc. Warrant

stock logo

Company Overview

overview logo History and Background

Tenon Medical, Inc. is a medical device company focused on transforming spine surgery by providing innovative solutions for the treatment of sacroiliac joint dysfunction. The warrants are derivatives of the underlying stock.

business area logo Core Business Areas

  • Sacroiliac Joint Fusion: Develops and markets the CATAMARANu2122 SI Joint Fusion System for minimally invasive treatment of sacroiliac joint dysfunction.

leadership logo Leadership and Structure

The company is led by its CEO and has a typical organizational structure for a medical device company, including departments for R&D, sales, marketing, and operations.

Top Products and Market Share

overview logo Key Offerings

  • CATAMARANu2122 SI Joint Fusion System: A minimally invasive surgical system designed to stabilize and fuse the sacroiliac joint. Market share data for specific SI joint fusion systems can vary, but the market is competitive. Competitors include SI-BONE (SIBN), Medtronic (MDT), and Globus Medical (GMED).

Market Dynamics

industry overview logo Industry Overview

The sacroiliac joint fusion market is growing due to an aging population and increasing awareness of SI joint dysfunction as a source of lower back pain. The market is competitive and subject to regulatory approvals and reimbursement policies.

Positioning

Tenon Medical aims to be a key player in the SI joint fusion market with its CATAMARAN system. Its competitive advantage may lie in the design and clinical outcomes of its system.

Total Addressable Market (TAM)

The TAM for SI joint fusion is estimated to be in the hundreds of millions of dollars annually. Tenon Medical is positioned to capture a portion of this market through its sales and marketing efforts.

Upturn SWOT Analysis

Strengths

  • Innovative CATAMARANu2122 SI Joint Fusion System
  • Focus on minimally invasive surgery
  • Potential for strong clinical outcomes

Weaknesses

  • Limited market share compared to larger competitors
  • Dependence on regulatory approvals and reimbursement
  • Requires significant capital for sales and marketing

Opportunities

  • Growing awareness of SI joint dysfunction
  • Increasing adoption of minimally invasive surgery
  • Potential for expansion into new markets

Threats

  • Competition from larger medical device companies
  • Changes in regulatory and reimbursement policies
  • Potential for product liability claims

Competitors and Market Share

competitor logo Key Competitors

  • SIBN
  • MDT
  • GMED

Competitive Landscape

Tenon Medical faces stiff competition from larger players with established market presence and broader product portfolios. The company needs to differentiate itself through innovation, clinical outcomes, and effective marketing.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is tied to Tenon Medical Inc.'s performance in the SI joint fusion market.

Future Projections: Future projections depend on market adoption of the CATAMARAN system and overall growth in the SI joint fusion market. Analyst estimates should be reviewed for the parent company.

Recent Initiatives: Recent initiatives include sales and marketing efforts, R&D for product improvements, and regulatory submissions.

Summary

Tenon Medical, with its associated warrants, is a small player in a growing but competitive market. Its CATAMARAN system offers promise, but it faces challenges from larger, more established companies. Success depends on achieving market share growth, navigating regulatory hurdles, and maintaining financial stability. The company needs to carefully manage its cash flow and invest strategically in sales and marketing to drive adoption of its technology and expand its footprint within the SI joint fusion market.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Market research reports
  • Analyst reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and due diligence.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Tenon Medical, Inc. Warrant

Exchange NASDAQ
Headquaters -
IPO Launch date 2023-06-15
CEO -
Sector Healthcare
Industry Medical Devices
Full time employees 22
Website
Full time employees 22
Website

Tenon Medical, Inc., a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sagittal planes of the ilium and sacrum, as well as stabilizes and transfixes the SI joints. Tenon Medical, Inc. was incorporated in 2012 and is headquartered in Los Gatos, California.