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Profound Medical to Release Fourth Quarter and Full Year 2023 Financial Results on March 7 – Conference Call to Follow

Key Takeaway: Profound Medical Corp. will announce its fourth quarter and full year 2023 financial results on March 7, 2024, after market close. A conference call will follow at 4:30 p.m. ET to discuss these results and business developments. The company is known for its incision-free therapies, including the TULSA-PRO technology and Sonalleve platform, both aimed at treating various medical conditions. Both devices have received multiple regulatory approvals, enhancing their market potential and credibility.

Market Sentiment Analysis

POSITIVE FACTORS

  • Profound Medical is set to announce its financial results, indicating transparency and communication with stakeholders.
  • The company is actively engaged in innovative medical technology with products like TULSA-PRO and Sonalleve.
  • Profound's technologies have received multiple regulatory approvals, signaling their credibility and potential market acceptance.

Full Press Release Details

TORONTO, Feb. 15, 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 fourth quarter and full year 2023 financial results after market close on Thursday, March 7, 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.
Fourth Quarter and Full Year 2023 Results Conference Call Details:
Date: Thursday, March 7, 2024
Time: 4:30 p.m. ET
Live Call Registration: https://register.vevent.com/register/BI751e786f640f42da89d816e980b66dd6
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 2023 financial results?

Profound Medical will announce its financial results on March 7, 2024.

What is TULSA-PRO® used for?

TULSA-PRO® is used for customizable, radiation-free prostate tissue ablation.

What platforms does Profound Medical commercialize?

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

Where can I find the conference call registration?

Conference call registration is available at Profound's event registration link.

Is Sonalleve® approved for treating uterine fibroids?

Yes, Sonalleve® is CE marked for uterine fibroids treatment.

Last updated: Feb 15, 2024