Tenon Medical 10-K: Revenue $3.94M, EPS $(1.70)
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Tenon Medical reported fiscal-year revenue of $3.944 million, a 20% increase year-over-year, with a net loss per share of $(1.70). The company improved its gross margin to 60% and narrowed its net loss to $(12.556) million from $(13.673) million the previous year. Revenue growth was driven by higher procedure volume and the SImmetry+ product line. Operating expenses totaled $15.150 million, leading to significant operating losses despite modest declines in R&D and stock-based compensation.
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