TNON · Tenon Medical, Inc.
$4.86
-0.36 (-6.81%)
At close · Aug 27
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“There is substantial doubt about the Company’s ability to continue as a going concern for one year after the date that these financial statements are issued. Since inception, the Company has incurred losses and negative cash flows from operations. Management expects to incur additional operating losses and negative cash flows from operations in the foreseeable future as the Company continues its product development programs and the commercialization of The Catamaran System and The SImmetry+ System. Based on the Company’s expected level of revenues and expenditures, the Company believes that its existing cash and cash equivalents as of June 30, 2026 and net proceeds of $3,620 from its July 2026 public offering (Note 11) will not provide sufficient funds to enable it to meet its obligations for a period of at least twelve months from the date of the filing of these financial statements. The Company plans to raise the necessary additional capital through one or a combination of public or private equity offerings, debt financings, and collaborations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.”View the 10-Q filed Aug 13, 2026
Market Cap
$3.48M
Shares
667,047
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Holders: 22
Total Value: $311,840
Total Shares: 7,706,357
Institutional Ownership Trend
17 quarters
Holder Concentration
Across 22 13F filers · Δ vs Mar 31, 2026Top Holder
45.0%
−0.6 pts
Top 5
87.8%
−5.2 pts
Top 10
99.9%
−0.0 pts
HHI
2,603
Highly concentrated−161
Quarterly Activity
vs Mar 31, 2026
New
2
Increased
4
Decreased
5
Sold Out
1
Unchanged
11
Holder count:
+1
Institutional value:
+16.9%
Shares held:
+211.9%
Top Buyers
vs Mar 31, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Large Focus Partners Wealth | +133,089 | 134,857 | |
| Mid ARMISTICE CAPITAL, LLC | +4,917 | 5,553 | |
| Large HRT FINANCIAL LP | +2,129 | 2,417 | |
| Mega NORTHERN TRUST CORP | +371 | 887 |
Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mega GEODE CAPITAL MANAGEMENT, LLC | −2,483 | 2,302 | |
| Mega CITIGROUP INC | −233 | 49 | |
| Mega UBS Group AG | −108 | 14 | |
| Mega CITADEL ADVISORS LLC | −64 | 2,014 | |
| Mid GTS SECURITIES LLC | −3 | 601 |
Top New Positions
vs Mar 31, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Small Warberg Asset Management LLC | 12,297 | $140,312 | |
| Small ACTION POINT FINANCIAL PLANNING, LLC | 5 | $61 |
Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | 335 | $0 |
Key facts
CIK
1560293
CUSIP
88066N303
13F (30d)
22 filings
21 filers
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