Biolase, Inc. (BIOLQ) vs Tenon Medical, Inc. (TNON)

Biolase, Inc. and Tenon Medical, Inc. are both Medical Devices companies. Tenon Medical, Inc. is the larger, with a market value of $3.2M against $2.3M — 1.4× the size. Tenon Medical, Inc. grew revenue faster over the last twelve months: 80.3% against −7.44%. Biolase, Inc. has the higher net margin (−71.8% vs −257.9%) and the lower return on invested capital (−109.5% vs 0.00%). Across the 16 metrics below, Biolase, Inc. leads on 10 and Tenon Medical, Inc. on 6.

Valuation

Metric BIOLQ TNON Medical Devices median
P/E n/m n/m 22.18
P/S n/m 0.19 2.70
P/B n/m n/m 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m 0.01 11.78
EV/Sales 0.28 (0.03) 2.38
Earnings yield 0.00% (1,433.46%) (8.22%)
Free cash flow yield 0.00% (1,249.22%) (7.80%)

Profitability

Metric BIOLQ TNON Medical Devices median
Gross margin 34.44% 66.81% 56.01%
Operating margin (29.37%) (242.70%) (15.03%)
Net margin (71.75%) (257.85%) (20.40%)
Free cash flow margin (28.55%) (241.43%) (7.24%)
Return on equity 1,349.30% 1,475.97% (15.32%)
Return on assets (100.09%) (130.22%) (19.72%)
Return on invested capital (109.48%) 0.00% (10.33%)

Growth

Metric BIOLQ TNON Medical Devices median
Revenue growth (TTM) (7.44%) 80.25% 8.80%
EPS growth (last fiscal year) 92.92% 84.90% —
Revenue growth, 5-year CAGR 1.27% 145.98% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BIOLQ TNON Medical Devices median
Debt to equity (3.29) 0.00 0.07
Current ratio 0.63 0.58 2.50
Net debt to EBITDA (0.51) 0.31 0.49

Dividend

Metric BIOLQ TNON Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 — 0.00

Size

Metric BIOLQ TNON Medical Devices median
Market cap 2.33m 3.24m 172.91m

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