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Profound Reports a Narrower First-Quarter Loss; Provides 2024 Revenue Guidance MT
Profound Medical Brief: Expects total revenue for FY24 to be in the range of US$11.0-$12.0 million, which represents 53% to 67% growth compared to its prior year revenue MT
Profound Medical Brief: Recorded Q1 revenue of approximately $1.91 million, with $1.48 million from recurring revenue; Issues Full-Year 2024 Revenue Guidance MT
Profound Medical Says Clinical Evidence Points to Potential of Its TULSA Procedure as a Treatment for Prostate Cancer MT
Profound Medical Brief: Adds Clinical evidence Continues to highlight TULSA's "Ability to treat an unrivalled variety of patients with localized prostate cancer and/or BPH" MT
Profound Medical Brief: Says "Growing Body of Clinical Evidence" Points to Potential of Its TULSA Procedure "Becoming a Mainstream Treatment Modality Across the Entire Prostate Disease Spectrum" MT
Transcript : Profound Medical Corp. Presents at Barclays 26th Annual Global Healthcare Conference 2024, Mar-13-2024 11:15 AM
Alliance Global Partners Trims Price Target on Profound Medical to $10.80 From $12.75, Maintains Buy Rating MT
Stifel Adjusts Price Target on Profound Medical to $9 From $11, Keeps Hold Rating MT
Profound Medical Corp. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Transcript : Profound Medical Corp., Q4 2023 Earnings Call, Mar 07, 2024
Profound Medical Reports Q4 Net Loss of US$0.42 Per Share, Announces COO Appointment MT
Profound Medical Brief: Announcing promotion of Mathieu Burtnyk, from SVP Product Leader to Chief Operating Officer MT
Profound Medical Brief: Q4 2023 net loss was approximately US$8.9 million, or $0.42 per common share MT
North American Morning Briefing : Powell Still in the Spotlight; ECB Rate Decision Looms DJ
Profound Medical Collaborates With Siemens Healthineers to Expand Physician and Patient Access to the TULSA Procedure MT
Profound Medical Corp. Enters into A Non-Exclusive Collaboration with Siemens Healthineers CI
Profound Medical Brief: Entering Collaboration with Siemens Healthineers to Further Expand Physician and Patient Access to the TULSA Procedure MT
Profound Medical Up 1.9% In US After Hours As Announces Non-Brokered Private Placement MT
Profound Medical Corp. announced that it expects to receive $2.937503 million in funding CI
Profound Medical Brief: Adds Top priorities for 2024 will be to further increase Its TULSA-PRO installed base, support increased system utilization, complete its ongoing Level 1 CAPTAIN trial MT
Profound Medical Brief: For Full year 2023, Anticipates total revenues to be in Approximate range of US$7.1 million to $7.2 million MT
Profound Medical Brief: Adds This represents recurring revenue growth of between 51% and 59% year-over-year, and between 10% and 16% sequentially over 2023 Q3 MT
Profound Medical Brief: Says Anticipates total revenues for Q4 2023 to be in the approximate range of US$1.9 million to $2.0 million MT
Profound Medical Brief: Says Growth capital raised through Recent financing puts it in a "Stronger position" to make requisite investments, particularly in commercial organization, "To maximize the exciting opportunity for TULSA that we see ahead" MT
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Profound Medical Corp. is a Canada-based commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue. It is commercializing TULSA-PRO, a technology that combines real-time magnetic resonance imaging (MRI), robotically driven transurethral ultrasound and closed-loop temperature feedback control. TULSA-PRO is designed to provide customizable and predictable radiation-free ablation of a surgeon-defined prostate volume while protecting the urethra and rectum. TULSA-PRO has the potential to be a flexible technology in customizable prostate ablation, including intermediate stage cancer, localized radio-recurrent cancer, retention and hematuria palliation in locally advanced prostate cancer and the transition zone in large volume benign prostatic hyperplasia. It is also commercializing Sonalleve, which is a therapeutic platform for the treatment of uterine fibroids and palliative pain treatment of bone metastases.
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More about the company
Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
11.64 CAD
Average target price
12.5 CAD
Spread / Average Target
+7.39%
Consensus
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