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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024財年二季報
美股SEC公告 ·  2024/08/13 17:32

Moomoo AI 已提取核心訊息

Tenon Medical reported revenue of $0.9 million for Q2 2024, representing a 21% increase from Q2 2023, driven by a 7% rise in surgical procedures using the Catamaran System. Gross profit improved significantly to $0.47 million with a margin of 52%, up from 26% in the prior year period, due to better production overhead absorption and operating leverage.Operating expenses decreased 4% to $4.3 million, reflecting lower research and development costs and reduced sales and marketing expenses, partially offset by higher general and administrative expenses. The company's net loss narrowed to $3.8 million compared to $4.3 million in Q2 2023, demonstrating improved operational efficiency.The company ended the quarter with $2.0 million in cash and raised additional capital through a private placement of Series A Preferred Stock. However, management indicated substantial doubt about the company's ability to continue as a going concern, citing the need to raise additional capital through equity offerings, debt financing or collaborations to fund operations for the next 12 months.
Tenon Medical reported revenue of $0.9 million for Q2 2024, representing a 21% increase from Q2 2023, driven by a 7% rise in surgical procedures using the Catamaran System. Gross profit improved significantly to $0.47 million with a margin of 52%, up from 26% in the prior year period, due to better production overhead absorption and operating leverage.Operating expenses decreased 4% to $4.3 million, reflecting lower research and development costs and reduced sales and marketing expenses, partially offset by higher general and administrative expenses. The company's net loss narrowed to $3.8 million compared to $4.3 million in Q2 2023, demonstrating improved operational efficiency.The company ended the quarter with $2.0 million in cash and raised additional capital through a private placement of Series A Preferred Stock. However, management indicated substantial doubt about the company's ability to continue as a going concern, citing the need to raise additional capital through equity offerings, debt financing or collaborations to fund operations for the next 12 months.
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