Tenon Medical (TNON)

• Market cap: $12.3M
• 1 day: -6.71%
• 5 days: 0.00%
• 1 month: 31.13%
• 3 months: 25.23%
• 6 months: 6.11%
• Year to date: -35.35%
• 1 year: -66.59%
• 5 years: -99.92%
• 10 years: -99.92%
• Sector: Healthcare
• Industry: Medical Devices

About: Tenon Medical Inc is a medical device company that has developed a novel, minimally invasive approach to the sacroiliac joint (the SI Joint) using a single, robust, titanium implant for the treatment of the common types of SI Joint disorders that cause lower back pain. The Company is focused on three commercial opportunities; Primary SI Joint procedures, Revision procedures of failed SI Joint implants, and SI Joint fusion adjunct to a spine fusion construct. The company derives the majority of its revenue from sales of The Catamaran System to a limited number of clinicians.

Employees: 27

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

0% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 3

0.82% less ownership

Funds ownership: 2.46% [Q1] → 1.64% (-0.82%) [Q2]

21% less funds holding

Funds holding: 14 [Q1] → 11 (-3) [Q2]

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

62% less capital invested

Capital invested by funds: $322K [Q1] → $122K (-$200K) [Q2]