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Profound Medical to Release First Quarter 2024 Financial Results on May 9 – Conference Call to Follow

Key Takeaway: Profound Medical Corp. will announce its first quarter 2024 financial results on May 9, 2024, after market close. Following the announcement, a conference call is scheduled at 4:30 p.m. ET to discuss the results and any relevant business developments. The company highlights its TULSA-PRO and Sonalleve technologies, both of which are designed to provide customizable and non-invasive treatment options. Both products have received various regulatory approvals, suggesting a solid foundation for their market presence.
Price reaction · baseline $7.75 (2024-04-19 close) · clean, no other PROF news in the window
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+0.1%

Market Sentiment Analysis

POSITIVE FACTORS

  • Announcement of first quarter financial results indicates ongoing business activities.
  • Conference call shows transparency and engagement with stakeholders.
  • Profound Medical's innovative therapies have received multiple regulatory approvals.

Full Press Release Details

TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, will announce its first quarter 2024 financial results after market close on Thursday, May 9, 2024.
Profound management will host a conference call at 4:30 p.m. ET to review the financial results and discuss business developments in the period.
First Quarter 2024 Results Conference Call Details:
Date: Thursday, May 9, 2024
Time: 4:30 p.m. ET
The call will also be broadcast live and archived on the Company's website at www.profoundmedical.com under "Webcasts" in the Investors section.
About Profound Medical Corp.
Profound is a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue.
Profound is commercializing TULSA-PRO®, a technology that combines real-time 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 actively protecting the urethra and rectum to help preserve the patient’s natural functional abilities. 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 (“BPH”). TULSA-PRO® is CE marked, Health Canada approved, and 510(k) cleared by the U.S. Food and Drug Administration (“FDA”).
Profound is also commercializing Sonalleve®, an innovative therapeutic platform that is CE marked for the treatment of uterine fibroids and palliative pain treatment of bone metastases. Sonalleve® has also been approved by the China National Medical Products Administration for the non-invasive treatment of uterine fibroids and has FDA approval under a Humanitarian Device Exemption for the treatment of osteoid osteoma. The Company is in the early stages of exploring additional potential treatment markets for Sonalleve® where the technology has been shown to have clinical application, such as non-invasive ablation of abdominal cancers and hyperthermia for cancer therapy.
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Frequently Asked Questions

When will Profound Medical announce its Q1 2024 financial results?

Profound Medical will announce its Q1 2024 financial results on May 9, 2024.

What is the purpose of the May 9 conference call?

The conference call will review financial results and discuss business updates.

What technology does Profound Medical commercialize?

Profound Medical commercializes TULSA-PRO® and Sonalleve® for ablation therapies.

Is TULSA-PRO® approved by the FDA?

Yes, TULSA-PRO® is 510(k) cleared by the FDA for customizable prostate ablation.

What conditions can Sonalleve® treat?

Sonalleve® treats uterine fibroids and pain management for bone metastases.

Last updated: Apr 22, 2024