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Profound Medical to Release Second Quarter 2023 Financial Results on August 9 – Conference Call to Follow

Key Takeaway: Profound Medical Corp. will announce its second quarter 2023 financial results after market close on August 9, 2023. Following the announcement, company management will host a conference call at 4:30 p.m. ET to review the results and discuss any business developments that occurred during the quarter. Profound's advancements in medical devices, like TULSA-PRO and Sonalleve, continue to show promise for various therapeutic applications.
Price reaction · baseline $10.87 (2023-08-01 close) · hit after-hours · clean, no other PROF news in the window
day 0 close · peak
-3.4%

Market Sentiment Analysis

POSITIVE FACTORS

  • Profound Medical will announce its Q2 2023 financial results soon.
  • Management will discuss business developments during the conference call.
  • The technology offers innovative therapies for prostate and uterine conditions.

Full Press Release Details

TORONTO, Aug. 02, 2023 (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 second quarter 2023 financial results after market close on Wednesday, August 9, 2023.
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.
Second Quarter 2023 Results Conference Call Details:
Date: Wednesday, August 9, 2023
Time: 4:30 p.m. ET
Live Call Registration: https://register.vevent.com/register/BI89a039deab82494a8b81525d3b60d614
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 Q2 2023 financial results?

Profound Medical will announce its Q2 2023 financial results on August 9, 2023.

What technology does Profound Medical specialize in?

Profound Medical specializes in customizable, incision-free therapies for ablating diseased tissue.

What is TULSA-PRO® used for?

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

What conditions can Sonalleve® treat?

Sonalleve® treats uterine fibroids and can manage palliative pain from bone metastases.

How can I join the Profound Medical conference call?

You can join the conference call by registering at their live call registration link.

Last updated: Aug 2, 2023