Market OpportunityTNON's Catamaran SI Joint Fusion System received an expanded indication from the FDA for use in augmenting thoracolumbar fusion, significantly increasing the company’s total addressable market and potentially accelerating adoption.
Product PotentialDespite sluggish year-over-year growth, there is a bullish view on the potential of the Catamaran System as a superior option in SI-joint fusion.
ValuationWith a significant market opportunity and superior technology, TNON is considered undervalued, supporting a Buy rating.