Welcome to our dedicated page for Profound Med news (Ticker: PROF), a resource for investors and traders seeking the latest updates and insights on Profound Med stock.
Profound Medical Corp. (PROF) is a commercial-stage medical device company that regularly issues news on its AI-powered, MRI-guided, incision-free therapies for tissue ablation. The company’s updates frequently center on its TULSA-PRO system and the TULSA Procedure™, which are used to treat prostate cancer and benign prostatic hyperplasia (BPH) using robotically controlled, transurethral ultrasound under real-time MRI guidance.
News coverage for Profound often highlights new clinical milestones, such as first commercial TULSA-PRO cases at major academic hospitals, expansion of TULSA-PRO programs at imaging suites, and recognition of clinical trial data comparing the TULSA Procedure to robotic radical prostatectomy. Releases also describe real-world experience across the prostate disease spectrum, including cancer-only, hybrid cancer and BPH cases, BPH-only patients, and salvage therapy for radio-recurrent localized prostate cancer.
Investors and clinicians following PROF can also expect announcements on regulatory and commercial developments. These include exclusive distribution and supply agreements for TULSA-PRO and Sonalleve in regions such as Canada, Saudi Arabia, Australia and New Zealand, as well as financing transactions like registered direct offerings and private placements used to support sales expansion, research and development, and working capital.
In addition, Profound’s news flow covers product enhancements such as the TULSA-AI® Volume Reduction module for BPH, new clinical data presented at medical meetings, and updates on the installed base and qualified sales pipeline for TULSA-PRO systems. This page aggregates these company-issued releases and related coverage, offering a single location to review the latest developments affecting Profound Medical’s technologies, commercial footprint and capital markets activity.
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Profound Medical Corp. (NASDAQ:PROF) will release its first quarter 2023 financial results after the market closes on May 10, 2023. A conference call is scheduled for the same day at 4:30 p.m. ET, where management will review the financial outcomes and discuss recent business developments. Profound is known for its incision-free therapies for the ablation of diseased tissue, notably its TULSA-PRO® technology, which offers customizable, radiation-free treatments for prostate issues. The company has also commercialized Sonalleve®, a platform for treating uterine fibroids and palliative pain in bone metastases, which holds multiple regulatory approvals including FDA clearance.
Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) will present an update on its business at the Bloom Burton & Co. Healthcare Investor Conference on April 26, 2023, at 10:00 a.m. Eastern Time, held at the Metro Toronto Convention Centre. The presentation will be accessible via live broadcast and archived on the Company's website under the Investors section.
Profound specializes in incision-free therapies for ablation of diseased tissue, including their advanced TULSA-PRO® technology, which combines MRI imaging with focused ultrasound for customizable prostate treatments. TULSA-PRO® is FDA cleared and CE marked. The Company also offers Sonalleve®, a platform for treating uterine fibroids and palliative treatments for bone metastases, which holds various international approvals. For more details, visit www.profoundmedical.com.
Profound Medical Corp. (NASDAQ: PROF) reported its financial results for Q4 and the full year 2022. Q4 revenue reached approximately $1.3 million, a 26% increase from the prior year, driven entirely by recurring revenue from TULSA-PRO® consumables and related services. Operating expenses decreased by 8% to $9.4 million. The net loss for Q4 was $9.5 million, or $0.46 per share. For the full year, total revenue was approximately $6.7 million, down slightly from $6.9 million in 2021, with a notable decline in one-time capital sales due to COVID-19 challenges. The company maintains a cash balance of $46.5 million as of December 31, 2022.
Profound Medical Corp. (NASDAQ: PROF; TSX: PRN) announced that CEO Arun Menawat will present a business update at the 43rd Annual Cowen Health Care Conference on March 8, 2023, at 9:10 a.m. ET. The presentation will be live-streamed and archived on the Company’s website under the Investors section.
Profound specializes in customizable, incision-free therapies for diseased tissue ablation. Its flagship products include TULSA-PRO®, designed for precise prostate ablation, and Sonalleve®, used for treating uterine fibroids and palliative pain. Both technologies have received multiple regulatory approvals.
Profound Medical Corp. (NASDAQ:PROF) announced it will release its fourth quarter and full year 2022 financial results on March 7, 2023, after market close. A conference call is scheduled for the same day at 4:30 p.m. ET to discuss these results and business developments. Profound specializes in customizable, incision-free therapies for tissue ablation, notably through its products TULSA-PRO and Sonalleve. Both technologies hold various medical approvals, enhancing the company’s market footprint. Investors can access the live call through a registration link provided in the announcement.
Profound Medical Corp. (NASDAQ: PROF; TSX: PRN) announced that CEO Arun Menawat will present a business update at the Jefferies London Healthcare Conference on November 15, 2022, at 12:20 p.m. GMT. The presentation will be broadcast live and archived on the Company's website under 'Webcasts' in the Investors section.
Profound specializes in customizable, incision-free therapies for the ablation of diseased tissue, including TULSA-PRO® for prostate treatment and Sonalleve® for uterine fibroids and bone metastases.
Profound Medical Corp. (NASDAQ:PROF) reported Q3 2022 revenue of approximately $2.0 million, down from $2.5 million year-over-year. Recurring revenue rose 14% to $1.2 million, while capital equipment sales fell 45% to $800,000. Total operating expenses increased 8% to $9.3 million, with R&D expenses rising 17% to $4.7 million. A net loss of $5.0 million was reported, an improvement from a $6.0 million loss in Q3 2021. As of September 30, 2022, cash reserves stood at approximately $46.2 million, excluding proceeds from a subsequent $10 million term loan.
Profound Medical Corp. (NASDAQ: PROF) will announce its Q3 2022 financial results on November 3, 2022, after market close. A conference call is scheduled for 4:30 p.m. ET to review the results and discuss business developments. The company specializes in customizable, incision-free therapies for tissue ablation, notably its TULSA-PRO® and Sonalleve® technologies, which have received various regulatory approvals. These innovations target conditions such as prostate cancer and uterine fibroids.