Tenon Medical Inc
TNONHealthcare·Medical Devices·USA·Nano·NASD·Nov 11 • 3:59 PM ET
1.75+0.00 (0.29%)
2026-11-12 02:30 CET
Market cap
4.68 USD m
Revenue, TTM
5.31 USD m
Net income, TTM
-13.70 USD m
Free cash flow, TTM
-12.82 USD m
EPS diluted, TTM
-47.46
P/E
-
Price
TNON against its 20, 50 and 200-day averages2050200beatmissearnings
96.2% under the 52-week high of 45.50 on 12 Nov 2025. 52-week low 1.57 on 6 Nov 2026. Last 15 sessions, 57.9% high to low
Volume 0.01× normal · the line is the 50-bar volume average
Profile
TNON52-week range, 0% of the way up
1.5745.50
Tenon Medical, Inc. is a medical device company, which engages in the development of a minimally invasive approach to the sacroiliac joint (SI joint) using a single titanium implant for treatment of the most common types of SI Joint disorders. The company was founded by Richard Ferrari and Richard Ginn on June 19, 2012 and is headquartered in Los Gatos, CA.
| Employees | 26 |
|---|---|
| IPO | Apr 27, 2022 |
| Beta | 1.43 |
| ATR, 14d | 0.30 |
| Rel volume | 0.01 |
| Short float | 3.85% |
| Insider own | 8.38% |
| Inst own | 0.61% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 4.69M |
| Enterprise Value | 12.23M |
| Income | -13.70M |
| Sales | 5.31M |
| Book/sh | -14.57 |
| Cash/sh | 0.62 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 26 |
| IPO | Apr 27, 2022 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 0.88 |
| P/B | - |
| P/C | 2.79 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 2.30 |
| Quick Ratio | 0.48 |
| Current Ratio | 0.58 |
| Debt/Eq | - |
| LT Debt/Eq | - |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -47.46 |
|---|---|
| EPS next Y | -4.87 |
| EPS next Q | -4.22 |
| EPS this Y | 64.29% |
| EPS next Y | 77.08% |
| EPS next 5Y | 71.34% |
| EPS past 3/5Y | 79.20% 16.41% |
| Sales past 3/5Y | 78.71% 145.95% |
| EPS Y/Y TTM | 77.34% |
| Sales Y/Y TTM | 80.25% |
| EPS Q/Q | 3.29% |
| Sales Q/Q | 126.77% |
| Earnings | Nov 12 AMC |
| EPS/Sales Surpr. | -47.02% -16.95% |
Ownership
| Insider Own | 8.38% |
|---|---|
| Insider Trans | -2.87% |
| Inst Own | 0.61% |
| Inst Trans | 0.50% |
| ROA | -130.22% |
| ROE | -551.19% |
| ROIC | - |
| Gross Margin | 66.81% |
| Oper. Margin | -228.03% |
| Profit Margin | -257.85% |
| SMA20 | -18.19% |
| SMA50 | -43.66% |
| SMA200 | -88.97% |
| Trades | - |
Technical
| Shs Outstand | 2.69M |
|---|---|
| Shs Float | 2.46M |
| Short Float | 3.85% |
| Short Ratio | 0.01 |
| Short Interest | 0.09M |
| 52W High | 45.50 -96.16% |
| 52W Low | 1.57 11.15% |
| Volatility | 10.49% 8.57% |
| ATR (14) | 0.30 |
| RSI (14) | 32.16 |
| Beta | 1.43 |
| Rel Volume | 0.01 |
| Avg Volume | 6.34M |
| Volume | 67,387 |
Performance
| Perf Week | -8.64% |
|---|---|
| Perf Month | -39.62% |
| Perf Quarter | -70.72% |
| Perf Half Y | -93.08% |
| Perf YTD | -94.76% |
| Perf Year | -95.85% |
| Perf 3Y | -99.74% |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 10.50 |
| Prev Close | 1.74 |
| Price | 1.75 |
| Change % | 0.29% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| SIBN | SI-BONE Inc | 1.13B |
| XTNT | Xtant Medical Holdings Inc | 38.99M |
| SINT | SINTX Technologies Inc | 12.25M |
| ATEC | Alphatec Holdings Inc | 1.14B |
| OFIX | Orthofix Medical Inc | 292.66M |
| NMTC | NeuroOne Medical Technologies Corp | 7.31M |
| SI | Shoulder Innovations Inc | 458.62M |
| TMCI | Treace Medical Concepts Inc | 331.73M |
| GMED | Globus Medical Inc | 9.99B |
| CARL | Carlsmed Inc | 507.83M |
Insider trading
latest 14 of 31| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| HRT FINANCIAL LP | 10% Owner | Sep 10 '26 | Buy | 3.63 | 67,925 | 246,297 | 15,839 | Sep 11 02:13 PM |
| HRT FINANCIAL LP | 10% Owner | Sep 09 '26 | Buy | 3.40 | 39,508 | 134,327 | 18,182 | Sep 11 02:13 PM |
| HRT FINANCIAL LP | 10% Owner | Sep 08 '26 | Buy | 3.34 | 707 | 2,361 | 2,653 | Sep 11 02:13 PM |
| HRT FINANCIAL LP | 10% Owner | Sep 10 '26 | Sale | 5.56 | 65,582 | 364,636 | 15,839 | Sep 11 02:13 PM |
| HRT FINANCIAL LP | 10% Owner | Sep 09 '26 | Sale | 2.88 | 60,343 | 174,009 | 18,182 | Sep 11 02:13 PM |
| Williamson Kevin | Chief Financial Officer | Sep 08 '26 | Option Exercise | 0.00 | 30 | 0 | 2,591 | Sep 10 04:01 PM |
| HRT FINANCIAL LP | 10% Owner | Sep 03 '26 | Buy | 3.98 | 1,658 | 6,599 | 3,452 | Sep 08 01:27 PM |
| HRT FINANCIAL LP | 10% Owner | Sep 04 '26 | Sale | 3.70 | 1,506 | 5,572 | 1,946 | Sep 08 01:27 PM |
| HRT FINANCIAL LP | 10% Owner | Sep 01 '26 | Buy | 4.57 | 1,790 | 8,180 | 2,244 | Sep 03 04:58 PM |
| HRT FINANCIAL LP | 10% Owner | Sep 02 '26 | Sale | 4.53 | 450 | 2,038 | 1,794 | Sep 03 04:58 PM |
| HRT FINANCIAL LP | 10% Owner | Aug 28 '26 | Buy | 5.58 | 18,357 | 102,458 | 1,730 | Sep 01 04:46 PM |
| HRT FINANCIAL LP | 10% Owner | Aug 28 '26 | Sale | 7.32 | 7,023 | 51,388 | 1,730 | Sep 01 04:46 PM |
| HRT FINANCIAL LP | 10% Owner | Aug 31 '26 | Sale | 4.66 | 1,276 | 5,946 | 454 | Sep 01 04:46 PM |
| HRT FINANCIAL LP | 10% Owner | Aug 27 '26 | Sale | 4.96 | 419 | 2,078 | 9,604 | Aug 31 03:12 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
News
latest 14 of 198- Tenon Medical, Inc. Sets Date for Third Quarter 2026 Earnings (ACCESSWIRE)
- Tenon Medical(R) Announces Completion of Initial Alpha Cases of the New Quickstep(TM) Decorticator for the Next-Generation SImmetry(R)+ SI Joint Fusion System (ACCESSWIRE) +5.61%
- Tenon Medical(R) Adds Eight New Patents Issued by the United States Patent and Trademark Office Through Q3 2026 (ACCESSWIRE)
- Tenon(R) Medical Announces Full Commercial Launch of the SImmetry(R)+ SI Joint Fusion 3D Printed Lateral Screw Following Successful Alpha Launch (ACCESSWIRE) +49.82%
- WallachBeth Capital Announces Closing of Tenon Medical Warrant Inducement Offering for Aggregate Gross Proceeds of Approximately $2,872,338 (PR Newswire) -6.24%
- Tenon Medical Announces Closing of Warrant Inducement Offering for Aggregate Gross Proceeds of Approximately $2,872,338 (ACCESSWIRE)
- WallachBeth Capital Announces Tenon Medical Warrant Inducement for Gross Proceeds of Approximately $2,872,338 (PR Newswire) +11.89%
- Tenon Medical Announces Warrant Inducement for Aggregate Gross Proceeds of Approximately $2,872,338 (ACCESSWIRE)
- Tenon Medical Announces Early Repayment of Its Convertible Notes (ACCESSWIRE) -27.38%
- WallachBeth Capital Announces Closing of Tenon Medical (PR Newswire) -9.40%
- Tenon Medical Announces Closing of $3M Private Placement Offering (ACCESSWIRE)
- WallachBeth Capital Announces Tenon Medical Pricing of $3M Private Placement Offering (PR Newswire)
- Tenon Medical Announces Pricing of $3M Private Placement Offering (ACCESSWIRE)
- Tenon Medical Regains Compliance with Nasdaq Minimum Bid Price Requirement (ACCESSWIRE) -7.61%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-12 | - | -4.225 | - | - | 1.55 | 2 |
| 2026Q2 | 2026-08-13 | -12.350 | -8.400 | -12.350 | 1.28 | 1.54 | 2 |
| 2026Q1 | 2026-05-12 | -10.850 | -10.675 | -10.797 | 1.38 | 1.30 | 2 |
| 2025Q4 | 2026-03-19 | -10.150 | -12.600 | -10.150 | 1.50 | 1.38 | 2 |
| 2025Q3 | 2025-11-13 | -14.000 | -12.950 | -14.166 | 1.17 | 1.12 | 2 |
| 2025Q2 | 2025-08-13 | -12.600 | -16.450 | -12.767 | 0.56 | 0.91 | 2 |
| 2025Q1 | 2025-05-13 | -35.350 | -34.650 | -35.185 | 0.73 | 0.78 | 2 |
| 2024Q4 | 2025-03-20 | 368.55 | -131.95 | -34.423 | 0.80 | 0.90 | 1 |
| 2024Q3 | 2024-11-13 | -127.05 | -215.6 | -127.07 | 0.89 | 1.26 | 1 |
| 2024Q2 | 2024-08-13 | -285.6 | -303.8 | -285.75 | 0.90 | 0.95 | 2 |
| 2024Q1 | 2024-05-14 | -350 | -375.2 | -350.96 | 0.72 | 0.78 | 2 |
| 2023Q4 | 2024-03-12 | 131.6 | -386.4 | -337.47 | 0.81 | 0.99 | 2 |
| 2023Q3 | 2023-11-14 | -408.8 | -784 | -4,099 | 0.94 | 1.07 | 2 |
| 2023Q2 | 2023-08-08 | -924 | -1,064 | -919.32 | 0.74 | 0.93 | 1 |
| 2023Q1 | 2023-05-09 | -1,204 | -1,036 | -1,203 | 0.43 | 0.46 | 1 |
| 2022Q4 | 2023-03-09 | -1,960 | -2,268 | -1,970 | 0.28 | 0.42 | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2022FY | -6,608 | -7,084 | -6,614 | 0.69 | 0.83 |
| 2023FY | -2,405 | -2,723 | -2,405 | 2.93 | 3.05 |
| 2024FY | -394.1 | -753.55 | -394.2 | 3.28 | 3.41 |
| 2025FY | -59.500 | -63.525 | -59.500 | 3.94 | 3.84 |
| 2026FY | - | -21.250 | - | - | 6.02 |
| 2027FY | - | -4.870 | - | - | 8.87 |
| 2028FY | - | -1.400 | - | - | 18.11 |
| 2029FY | - | -0.600 | - | - | 26.21 |
| 2030FY | - | 0.600 | - | - | 37.73 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-10-28 | 2 | 0 | 1 | 1.55 | 1.43 | 1.68 |
| 2026Q3 | S | 2026-10-23 | 2 | 0 | 2 | 1.55 | 1.43 | 1.68 |
| 2026Q3 | S | 2026-08-21 | 1 | 0 | 1 | 1.43 | 1.43 | 1.43 |
| 2026Q3 | S | 2026-08-14 | 2 | 0 | 1 | 1.65 | 1.43 | 1.87 |
| 2026Q3 | S | 2026-08-13 | 2 | 0 | 0 | 1.73 | 1.60 | 1.87 |
| 2026Q3 | S | 2026-07-27 | 2 | 0 | 0 | 1.73 | 1.60 | 1.87 |
| 2026Q3 | S | 2026-06-03 | 2 | 1 | 0 | 1.73 | 1.60 | 1.87 |
| 2026Q3 | S | 2026-05-13 | 2 | 1 | 1 | 1.73 | 1.60 | 1.87 |
| 2026Q3 | S | 2026-03-20 | 2 | 0 | 1 | 1.67 | 1.47 | 1.87 |
| 2026Q3 | S | 2026-01-28 | 2 | 0 | 0 | 1.73 | 1.47 | 1.98 |
| 2026Q3 | S | 2025-11-14 | 2 | 1 | 0 | 1.73 | 1.47 | 1.98 |
| 2026Q3 | S | 2025-11-11 | 1 | 0 | 0 | 1.19 | 1.19 | 1.19 |
| 2026Q3 | S | 2025-11-10 | 1 | 0 | 0 | 1.19 | 1.19 | 1.19 |
| 2026Q3 | S | 2025-11-09 | 1 | 0 | 0 | 1.19 | 1.19 | 1.19 |
Estimate history
| EPS, annual | -126.98 | -145.824 | -1756.328 | -6614.328 | -2405.007 | -394.197 | -59.515 | -47.4597 | |
|---|---|---|---|---|---|---|---|---|---|
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |
| EPS, quarterly | -285.751 | -127.07 | -34.423 | -35.185 | -12.767 | -14.166 | -10.15 | -10.797 | -12.347 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 0.054 | 0.044 | 0.16 | 0.691 | 2.928 | 3.277 | 3.944 | 5.31 | |
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |
| Sales, quarterly | 0.901 | 0.887 | 0.77 | 0.726 | 0.564 | 1.173 | 1.481 | 1.379 | 1.279 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 0.004 | 0.004 | 0.004 | 0.004 | 0.009 | 0.09 | 0.31 | 0.331 | |
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |
| Shares, quarterly | 0.014 | 0.09 | 0.09 | 0.217 | 0.217 | 0.246 | 0.31 | 0.323 | 0.331 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5.31 | 3.94 | 3.28 | 2.93 | 0.69 | 0.16 | 0.04 | 0.05 |
| Cost of Goods Sold Incl. D&A | 1.76 | 1.59 | 1.57 | 2.11 | 1.62 | 0.17 | 0.02 | 0.02 |
| Gross Profit | 3.55 | 2.36 | 1.71 | 0.81 | -0.93 | -0.01 | 0.03 | 0.04 |
| Selling, General and Administrative Excl. Other | 15.66 | 14.37 | 15.48 | 16.54 | 17.80 | 6.45 | 0.56 | 0.57 |
| Research and Development | 2.38 | 2.15 | 2.60 | 3.16 | 2.83 | 1.72 | 0.22 | 0.37 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -12.11 | -12.01 | -13.77 | -15.73 | -18.73 | -6.46 | -0.54 | -0.53 |
| Interest Expense | 1.03 | 0.00 | 0.03 | 0.02 | 0.35 | 0.62 | 0.17 | 0.05 |
| Unusual Expense | 0.78 | 0.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -13.70 | -12.56 | -13.67 | -15.58 | -18.92 | -7.08 | -0.71 | -0.59 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -13.70 | -12.56 | -13.67 | -15.58 | -18.92 | -7.08 | -0.71 | -0.59 |
| Net Income From Continuing Operations | -13.70 | -12.56 | -13.67 | -15.58 | -18.92 | -7.05 | -0.59 | -0.51 |
| Net Income | -13.70 | -12.56 | -13.67 | -15.58 | -18.92 | -7.05 | -0.59 | -0.51 |
| EPS (Recurring) | -40.10 | -56.93 | -394.20 | -2,405.01 | -6,614.34 | -1,756.33 | -145.82 | -126.98 |
| EPS (Basic, Before Extraordinaries) | -47.46 | -59.52 | -394.20 | -2,405.01 | -6,614.33 | -1,756.33 | -145.82 | -126.98 |
| EPS (Diluted) | -47.46 | -59.52 | -394.20 | -2,405.01 | -6,614.33 | -1,756.33 | -145.82 | -126.98 |
| EBITDA | -11.52 | -11.48 | -13.11 | -15.30 | -18.44 | -6.35 | -0.54 | -0.53 |
| Non-Operating Income (Expense) | 0.22 | 0.24 | 0.13 | 0.17 | 0.16 | 0.00 | -0.00 | -3E-05 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 1.15 | 1.69 | 3.85 | 4.14 | 2.90 | 0.38 | 0.02 | 0.03 |
| Price To Sales Ratio | 0.71 | 1.78 | 0.70 | 0.98 | 18.31 | - | - | - |
| Gross Margin | 66.81 | 59.79 | 52.21 | 27.83 | -134.59 | -5.60 | 58.34 | 65.96 |
| Operating Margin | -228.03 | -304.59 | -420.08 | -537.12 | -2,709.84 | -4,043.01 | -1,223.85 | -994.49 |
| Net Margin | -257.85 | -318.36 | -417.24 | -532.14 | -2,737.63 | -4,410.76 | -1,335.41 | -950.00 |
| Shares Outstanding | 0.33 | 0.31 | 0.09 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Market Capitalization | 4.68 | 4.68 | 5.90 | 0.39 | 17.75 | 17.75 | - | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1.28 | 1.38 | 1.48 | 1.17 | 0.56 | 0.73 | 0.77 | 0.89 |
| Cost of Goods Sold Incl. D&A | 0.47 | 0.43 | 0.46 | 0.40 | 0.32 | 0.40 | 0.42 | 0.63 |
| Gross Profit | 0.81 | 0.94 | 1.02 | 0.77 | 0.24 | 0.32 | 0.35 | 0.25 |
| Selling, General and Administrative Excl. Other | 4.17 | 4.22 | 3.10 | 4.17 | 3.10 | 4.00 | 3.53 | 3.47 |
| Research and Development | 0.77 | 0.66 | 0.53 | 0.43 | 0.50 | 0.69 | 0.57 | 0.66 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -3.35 | -3.28 | -2.09 | -3.39 | -2.86 | -3.68 | -3.17 | -3.21 |
| Interest Expense | 0.85 | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 0.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -4.05 | -3.48 | -2.83 | -3.34 | -2.77 | -3.62 | -3.09 | -3.18 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -4.05 | -3.48 | -2.83 | -3.34 | -2.77 | -3.62 | -3.09 | -3.18 |
| Net Income From Continuing Operations | -4.05 | -3.48 | -2.83 | -3.34 | -2.77 | -3.62 | -3.09 | -3.18 |
| Net Income | -4.05 | -3.48 | -2.83 | -3.34 | -2.77 | -3.62 | -3.09 | -3.18 |
| EPS (Recurring) | -12.35 | -10.80 | -8.20 | -14.17 | -12.77 | -35.18 | -34.42 | -127.07 |
| EPS (Basic, Before Extraordinaries) | -12.35 | -10.80 | -10.15 | -14.17 | -12.77 | -35.18 | -34.42 | -127.07 |
| EPS (Diluted) | -12.35 | -10.80 | -10.15 | -14.17 | -12.77 | -35.18 | -34.42 | -127.07 |
| EBITDA | -3.23 | -3.13 | -1.92 | -3.25 | -2.74 | -3.57 | -2.99 | -3.05 |
| Non-Operating Income (Expense) | 0.16 | -0.02 | 0.03 | 0.05 | 0.09 | 0.06 | 0.09 | 0.03 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.41 | 0.33 | 0.34 | 0.06 | 0.42 | 0.87 | 0.88 | 0.91 |
| Price To Sales Ratio | 0.71 | 1.78 | 2.36 | 3.01 | 2.52 | 2.31 | 1.80 | 1.12 |
| Gross Margin | 63.64 | 68.53 | 68.67 | 65.90 | 43.44 | 44.49 | 45.84 | 28.64 |
| Operating Margin | -262.24 | -237.85 | -140.92 | -289.17 | -506.56 | -506.47 | -412.08 | -362.46 |
| Net Margin | -316.65 | -252.07 | -191.22 | -284.65 | -490.96 | -498.07 | -400.91 | -358.96 |
| Shares Outstanding | 0.33 | 0.32 | 0.31 | 0.25 | 0.22 | 0.22 | 0.09 | 0.09 |
| Market Capitalization | 4.68 | 8.20 | 10.32 | 10.15 | 7.42 | 16.01 | 5.90 | 13.30 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 3.76 | 6.54 | 2.43 | 8.57 | 7.32 | 0.25 | 0.15 |
| Short Term Receivables | 1.70 | 0.86 | 0.53 | 0.24 | 0.09 | 0.01 | 0.05 |
| Inventories | 1.05 | 0.61 | 0.55 | 0.41 | 0.19 | 0.04 | 0.06 |
| Other Current Assets | 0.26 | 0.21 | 0.38 | 0.12 | 0.07 | 0.00 | 0.00 |
| Total Current Assets | 6.77 | 8.21 | 3.89 | 9.35 | 7.67 | 0.30 | 0.27 |
| Net Property, Plant & Equipment | 1.05 | 1.15 | 1.61 | 1.67 | 1.18 | 0.00 | 0.00 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 2.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.05 | 0.48 | 0.85 | 0.08 | 0.42 | 0.09 | 0.00 |
| Total Assets | 10.76 | 9.84 | 6.34 | 11.09 | 9.27 | 0.39 | 0.27 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.14 | 0.29 | 1.43 | 0.23 | 13.06 | 0.19 | 0.73 |
| Accounts Payable | 0.84 | 0.37 | 0.43 | 0.55 | 0.48 | 0.59 | 0.45 |
| Other Current Liabilities | 2.23 | 1.21 | 1.28 | 1.75 | 1.73 | 0.72 | 0.51 |
| Total Current Liabilities | 3.21 | 1.87 | 3.14 | 2.53 | 15.27 | 1.49 | 1.69 |
| Long Term Debt | 0.00 | 0.14 | 0.43 | 0.68 | 0.91 | 0.32 | 0.19 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 2.51 | 1.86 | 2.00 | 1.62 | 0.00 | 0.01 | 0.00 |
| Total Liabilities | 5.72 | 3.87 | 5.57 | 4.84 | 16.19 | 1.83 | 1.88 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 3.07 | 3.75 | 0.00 | 0.00 | 13.64 | 1.27 | 1.27 |
| Common Equity | 1.97 | 2.22 | 0.78 | 6.25 | -20.55 | -4.42 | -3.88 |
| Total Shareholders Equity | 5.04 | 5.97 | 0.78 | 6.25 | -6.91 | -3.14 | -2.61 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.71 | 0.99 |
| Total Equity | 5.04 | 5.97 | 0.78 | 6.25 | -6.91 | -1.44 | -1.61 |
| Total Liabilities & Stockholders Equity | 10.76 | 9.84 | 6.34 | 11.09 | 9.27 | 0.39 | 0.27 |
| Book Value Per Share | 6.34 | 24.74 | 83.77 | 1,557.88 | -5,121.25 | -1,100.30 | -966.94 |
| Tangible Book Value Per Share | -2.99 | 24.74 | 83.77 | 1,557.88 | -5,121.25 | -1,100.30 | -966.94 |
| Full-Time Employees | 26 | 27 | 21 | 22 | 9 | - | - |
| Price to Book Ratio | -0.12 | 2.66 | 0.16 | 1.37 | 1.37 | - | - |
| Return on Assets | -121.89 | -168.93 | -178.74 | -185.82 | -145.89 | -177.50 | - |
| Return on Equity | -228.06 | -405.19 | -443.27 | - | - | - | - |
| Return on Invested Capital | -249.13 | -223.71 | -1,291.96 | -272.78 | - | - | - |
| Quick Ratio | 1.78 | 4.07 | 1.06 | 3.53 | 0.49 | 0.17 | 0.12 |
| Current Ratio | 2.11 | 4.39 | 1.24 | 3.69 | 0.50 | 0.20 | 0.16 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY |
|---|---|---|---|---|---|---|---|---|
| Net Income | -13.70 | -12.56 | -13.67 | -15.58 | -18.92 | -7.08 | -0.71 | -0.59 |
| Depreciation | 0.59 | 0.53 | 0.66 | 0.43 | 0.29 | 0.11 | - | - |
| Other Funds (Non Cash) | 2.11 | 1.71 | 3.89 | 4.14 | 4.88 | 2.22 | 0.18 | 0.08 |
| Funds from Operations | -11.00 | -10.32 | -9.13 | -11.01 | -13.75 | -4.74 | -0.52 | -0.50 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.77 | -0.43 | -0.75 | -1.17 | 1.72 | 0.45 | 0.35 | 0.27 |
| Cash from Operating Activities | -11.77 | -10.74 | -9.88 | -12.18 | -12.03 | -4.29 | -0.17 | -0.24 |
| Capital Expenditures | -1.06 | -1.02 | -0.19 | -0.36 | -0.85 | -0.10 | 0.00 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 6.50 | -2.04 | -4.40 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | -0.49 | -10.12 | -4.40 | - | - |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 7.00 | 8.08 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -1.06 | -1.02 | -0.19 | 6.14 | -2.88 | -4.50 | 0.00 | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 1.92 | 8.99 | 15.22 | 5.56 | 14.11 | -0.29 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 1.92 | 8.99 | 15.22 | 5.56 | 14.11 | -0.29 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | -0.93 | -0.93 | 10.57 | 0.49 | 14.11 | -0.29 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 4.30 | 0.00 | 0.00 | 1.25 | 0.00 | 11.76 | 0.28 | 0.32 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 1.25 | 0.00 | 11.76 | 0.28 | 0.32 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 1.25 | 0.00 | 12.00 | 0.28 | 0.32 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.24 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.43 | 0.00 | -1.10 | -0.51 | 0.00 | 0.00 | -0.02 | 0.00 |
| Other Financing Activities Uses | 0.43 | 0.00 | -1.10 | -0.51 | 0.00 | 0.00 | -0.02 | 0.00 |
| Cash from Financing Activities | 6.66 | 8.99 | 14.12 | 6.30 | 14.11 | 11.47 | 0.25 | 0.32 |
| Exchange Rate Effect | - | 0.00 | 0.05 | 0.04 | 0.01 | -0.00 | 0.01 | 0.00 |
| Net Change in Cash | -6.17 | -2.78 | 4.11 | 0.30 | -0.79 | 2.67 | 0.09 | 0.09 |
| Free Cash Flow | -12.82 | -11.77 | -10.06 | -12.54 | -12.87 | -4.39 | -0.17 | -0.24 |
| Preferred Dividends (Cash Flow) | - | - | - | 0.00 | 0.00 | - | - | - |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 1.68 | 4.61 | 3.76 | 3.44 | 7.85 | 10.31 |
| Short Term Receivables | 1.95 | 1.97 | 1.70 | 1.31 | 0.77 | 0.89 |
| Inventories | 0.78 | 0.81 | 1.05 | 1.36 | 0.69 | 0.61 |
| Other Current Assets | 0.40 | 0.24 | 0.26 | 0.43 | 0.58 | 0.19 |
| Total Current Assets | 4.81 | 7.62 | 6.77 | 6.54 | 9.88 | 11.99 |
| Net Property, Plant & Equipment | 2.20 | 2.29 | 1.05 | 0.86 | 1.11 | 1.03 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 2.86 | 2.88 | 2.89 | 2.91 | 0.00 | 0.00 |
| Other Assets | 0.05 | 0.05 | 0.05 | 0.05 | 0.12 | 0.37 |
| Total Assets | 9.92 | 12.84 | 10.76 | 10.37 | 11.11 | 13.39 |
| Short Term Debt Incl. Current Port. of LT Debt | 5.02 | 4.30 | 0.14 | 0.22 | 0.29 | 0.29 |
| Accounts Payable | 0.63 | 0.65 | 0.84 | 0.62 | 0.89 | 0.50 |
| Other Current Liabilities | 2.65 | 2.46 | 2.23 | 2.20 | 1.38 | 1.40 |
| Total Current Liabilities | 8.30 | 7.41 | 3.21 | 3.04 | 2.56 | 2.19 |
| Long Term Debt | 1.13 | 1.19 | 0.00 | 0.00 | 0.00 | 0.07 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 2.23 | 2.35 | 2.51 | 2.53 | 1.84 | 1.76 |
| Total Liabilities | 11.66 | 10.94 | 5.72 | 5.57 | 4.40 | 4.02 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 3.07 | 3.07 | 3.07 | 3.07 | 3.75 | 3.75 |
| Common Equity | -4.82 | -1.18 | 1.97 | 1.72 | 2.96 | 5.62 |
| Total Shareholders Equity | -1.74 | 1.90 | 5.04 | 4.80 | 6.71 | 9.38 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | -1.74 | 1.90 | 5.04 | 4.80 | 6.71 | 9.38 |
| Total Liabilities & Stockholders Equity | 9.92 | 12.84 | 10.76 | 10.37 | 11.11 | 13.39 |
| Book Value Per Share | -14.57 | -3.65 | 6.34 | 7.01 | 13.65 | 25.93 |
| Tangible Book Value Per Share | -23.22 | -12.57 | -2.99 | -4.81 | 13.65 | 25.93 |
| Full-Time Employees | - | - | 26 | - | - | - |
| Price to Book Ratio | -0.12 | -6.95 | 5.25 | 5.89 | 2.51 | 2.85 |
| Return on Assets | -130.22 | -94.66 | -121.89 | -109.47 | -147.85 | -128.08 |
| Return on Equity | -551.19 | -220.32 | -228.06 | -197.26 | -335.48 | -210.97 |
| Return on Invested Capital | - | -112.82 | -56.19 | -69.59 | -41.25 | -38.30 |
| Quick Ratio | 0.48 | 0.92 | 1.78 | 1.70 | 3.59 | 5.19 |
| Current Ratio | 0.58 | 1.03 | 2.11 | 2.15 | 3.86 | 5.46 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | -4.05 | -3.48 | -2.83 | -3.34 | -2.77 | -3.62 |
| Depreciation | 0.13 | 0.15 | 0.16 | 0.14 | 0.11 | 0.11 |
| Other Funds (Non Cash) | 1.13 | 0.56 | 0.36 | 0.06 | 0.42 | 0.87 |
| Funds from Operations | -2.80 | -2.76 | -2.31 | -3.14 | -2.24 | -2.64 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 0.04 | -0.20 | 0.08 | -0.69 | 0.02 | 0.15 |
| Cash from Operating Activities | -2.76 | -2.96 | -2.22 | -3.82 | -2.21 | -2.48 |
| Capital Expenditures | -0.17 | -0.06 | -0.94 | 0.11 | -0.19 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.75 | -0.75 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -0.17 | -0.06 | -0.19 | -0.64 | -0.19 | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | - | - | - | 0.00 | - | - |
| Change in Capital Stock | 0.00 | 0.00 | 1.92 | 0.00 | 0.00 | 7.07 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 1.92 | 0.00 | 0.00 | 7.07 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | -0.93 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 4.30 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | -0.43 | 0.81 | 0.06 | -0.06 | -0.81 |
| Other Financing Activities Uses | 0.00 | -0.43 | 0.81 | 0.06 | -0.06 | -0.81 |
| Cash from Financing Activities | 0.00 | 3.87 | 2.73 | 0.06 | -0.06 | 6.26 |
| Exchange Rate Effect | - | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Change in Cash | -2.93 | 0.85 | 0.31 | -4.40 | -2.46 | 3.78 |
| Free Cash Flow | -2.93 | -3.02 | -3.17 | -3.71 | -2.41 | -2.48 |
Revenue breakdown
| Surgical & Medical Instruments & Apparatus | 2024: 3.28M 2025: 3.94M |
|---|---|
| United States | 2024: 3.28M 2025: 3.94M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 3.85% | 0.1M | 2.5M | 6.34M |
| 2026-10-15 | 2.11% | 0.1M | 2.5M | 6.32M |
| 2026-09-30 | 6.75% | 0.1M | 0.9M | 6.30M |
| 2026-09-15 | 59.92% | 0.5M | 0.9M | 5.59M |
| 2026-08-31 | 15.31% | 0.1M | 0.9M | 1.34M |
| 2026-08-14 | 1.46% | 0.0M | 0.6M | 219.49K |
| 2026-07-31 | 1.73% | 0.0M | 0.4M | 201.72K |
| 2026-07-15 | 3.73% | 0.0M | 0.4M | 203.01K |
| 2026-06-30 | 27.24% | 0.1M | 0.2M | 160.88K |
| 2026-06-15 | 2.56% | 0.0M | 0.3M | 3.35K |
| 2026-05-29 | 1.53% | 0.0M | 0.3M | 3.43K |
| 2026-05-15 | 1.81% | 0.0M | 0.3M | 3.96K |
| 2026-04-30 | 1.92% | 0.0M | 0.3M | 29.26K |
| 2026-04-15 | 2.33% | 0.0M | 0.3M | 29.85K |
| 2026-03-31 | 2.45% | 0.0M | 0.3M | 29.60K |
| 2026-03-13 | 1.93% | 0.0M | 0.3M | 28.63K |
| 2026-02-27 | 2.73% | 0.0M | 0.3M | 28.04K |
| 2026-02-13 | 8.44% | 0.0M | 0.3M | 27.87K |
| 2026-01-30 | 0.80% | 0.0M | 0.3M | 2.74K |
| 2026-01-15 | 0.50% | 0.0M | 0.3M | 10.90K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-10-22 | 8-K | Current report | 2026-10-16 | SEC |
| 2026-10-16 | 424B5 | SEC | ||
| 2026-10-09 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-10-09 | 424B3 | SEC | ||
| 2026-10-09 | 3 | Initial statement of beneficial ownership of securities | 2026-10-01 | SEC |
| 2026-10-05 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC | |
| 2026-09-21 | D | Notice of sales of securities on Form D (Regulation D) | SEC | |
| 2026-09-16 | 8-K | Current report | 2026-09-11 | SEC |
| 2026-09-11 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-09-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-08 | SEC |
| 2026-09-09 | 8-K | Current report | 2026-09-09 | SEC |
| 2026-09-08 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-09-08 | 424B3 | SEC | ||
| 2026-09-04 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-09-04 | D | Notice of sales of securities on Form D (Regulation D) | SEC | |
| 2026-09-03 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-09-02 | S-3/A | SEC | ||
| 2026-09-01 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-08-31 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-08-31 | 3 | Initial statement of beneficial ownership of securities | 2026-08-26 | SEC |
| 2026-08-31 | 8-K | Current report | 2026-08-27 | SEC |
| 2026-08-26 | 8-K/A | 2026-03-11 | SEC | |
| 2026-08-24 | 8-K | Current report | 2026-08-24 | SEC |
| 2026-08-18 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-08-17 | S-3/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G | SEC | ||
| 2026-08-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-13 | 8-K | Current report | 2026-08-13 | SEC |
| 2026-08-13 | DEL AM | Separately filed delaying amendment under Securities Act Rule 473 to delay effectiveness of a 1933 Act registration statement | SEC | |
| 2026-08-11 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 397.76K | 5 | 546.26K | 4 |
| 2026-08 | 102.46K | 1 | 59.41K | 3 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| Warberg Asset Management LLC | 3.63% |
| ARMISTICE CAPITAL, LLC | 1.45% |
| HRT FINANCIAL LP | 0.71% |
| GEODE CAPITAL MANAGEMENT, LLC | 0.68% |
| VANGUARD CAPITAL MANAGEMENT LLC | 0.61% |
| SBI Securities Co., Ltd. | 0.43% |
| VANGUARD FIDUCIARY TRUST CO | 0.38% |
| NORTHERN TRUST CORP | 0.26% |
| Spectrum Asset Management, Inc. (NB/CA) | 0.09% |
| CITIGROUP INC | 0.01% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD EXTENDED MARKET INDEX FUND | 0.61% |
| Fidelity Extended Market Index Fund | 0.22% |
| Fidelity Series Total Market Index Fund | 0.05% |
| Fidelity Nasdaq Composite Index Fund | 0.01% |
| Blackstone Alternative Multi-Strategy Fund | 0.00% |
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