How did TNON's revenue and expenses shift in Q4 2024 compared to previous quarters?
5/8/2025 04:22pm
**Tenon Medical Inc (TNON) experienced a decline in revenue and a shift in expenses in Q4 2024 compared to previous quarters.**
1. **Revenue Shift**:
- TNON's total revenue for Q4 2024 was $770,000.
- In the previous quarter (Q3 2024), no revenue data is available.
- However, the MRQ for Q4 2024 was also $770,000, indicating a consistent revenue figure between the two quarters.
- Year-over-year comparison for the first nine months of 2024 showed an 18% increase in revenue, driven by a 5% rise in surgical procedures.
- Despite the slight decrease in quarterly revenue (4.7%) from the previous year, the annual revenue growth achieved 12% year-over-year, reaching $3.3 million.
2. **Expense Shift**:
- No data is available for expenses in Q4 2024.
- However, Q3 2024 earnings call highlights mention operating expenses remained high, totaling $3.6 million.
- From the previous year, there was a slight decrease in operating expenses, which were $17 million.
- Gross margin improved significantly by 2,200 basis points to 54% for the first nine months of 2024 compared to the same period last year.
- The company reported a net loss of $3.2 million for Q3 2024, indicating ongoing financial challenges.
In conclusion, TNON's revenue remained stable in Q4 2024 compared to the previous quarter, with a slight annual increase. However, expenses were high, and the company reported a net loss, indicating ongoing financial challenges.