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Profound Medical Announces Preliminary Unaudited Fourth Quarter and Full Year 2019 Revenues & Provides TULSA-PRO® U.S. Commercialization Update

Key Takeaway: Profound Medical Corp. has announced preliminary unaudited revenues for Q4 and the full year of 2019, indicating positive growth. The company also provided an update on its commercialization efforts for TULSA-PRO® in the U.S. This announcement precedes the 38th Annual J.P. Morgan Healthcare Conference, where further details will be shared.
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Market Sentiment Analysis

POSITIVE FACTORS

  • Profound Medical reported preliminary revenues indicating growth.
  • The company is making early progress in U.S. commercialization of TULSA-PRO®.
  • The use of innovative technology for incision-free therapies is promising.

Full Press Release Details

TORONTO, Jan. 10, 2020 (GLOBE NEWSWIRE) — Profound Medical Corp. (TSX:PRN; NASDAQ:PROF) (“Profound” or the “Company”), a commercial-stage medical device company focused on customizable, incision-free therapies which combine real-time Magnetic Resonance Imaging (“MRI”), thermal ultrasound and closed-loop temperature feedback control for the radiation-free ablation of diseased tissue, today announced preliminary unaudited revenues for the fourth quarter and full year 2019, and provided an update on the early progress it is making with the commercialization of TULSA-PRO® in the United States. Profound is providing this information due to the significant lag time between planned investment community meetings to be held in connection with, among other investor events, the 38th Annual J.P. Morgan Healthcare Conference in San Francisco, and its expected reporting of final 2019 results in March 2020.

Frequently Asked Questions

What were Profound Medical's preliminary revenues for 2019?

Profound Medical announced preliminary unaudited revenues for Q4 and the full year 2019.

What is TULSA-PRO®?

TULSA-PRO® is a customizable, incision-free therapy combining MRI and thermal ultrasound.

When will Profound Medical report final 2019 results?

Final 2019 results are expected to be reported in March 2020.

What event is Profound Medical preparing for?

Profound Medical is preparing for the 38th Annual J.P. Morgan Healthcare Conference.

Last updated: Feb 19, 2024