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Profound Medical to Release Second Quarter 2024 Financial Results on August 8 – Conference Call to Follow

Key Takeaway: Profound Medical Corp. will release its financial outcomes for the second quarter of 2024 on August 8, 2024, after market close. A conference call is scheduled for 4:30 p.m. ET on the same day to discuss the results and business developments. Profound Medical focuses on innovative medical devices for tissue ablation, including its TULSA-PRO and Sonalleve platforms, which are aiming for diverse treatment applications.
Price reaction · baseline $9.74 (2024-07-17 close) · hit after-hours · clean, no other PROF news in the window
day 0 close · peak
+2.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • Profound Medical is set to announce financial results, indicating ongoing business activity.
  • The conference call will provide insights into business developments, engaging investors.
  • TULSA-PRO technology shows promise for customizable prostate ablation, enhancing treatment options.

Full Press Release Details

TORONTO, July 18, 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 second quarter 2024 financial results after market close on Thursday, August 8, 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.
Second Quarter 2024 Results Conference Call Details:
Date: Thursday, August 8, 2024
Time: 4:30 p.m. ET
Live Call Registration: https://register.vevent.com/register/BIbfa8c9bee6c6463c8ca3a1937fbfd804
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.
For further information, please contact:

Frequently Asked Questions

When will Profound Medical announce Q2 2024 financial results?

Profound Medical will announce its Q2 2024 financial results on August 8, 2024.

What technology does TULSA-PRO® utilize?

TULSA-PRO® combines real-time MRI, robotically-driven ultrasound, and temperature control.

What is Sonalleve® approved for?

Sonalleve® is approved for treating uterine fibroids and bone metastases-related pain.

Where can I register for the conference call?

You can register for the conference call at the provided live call registration link.

What is the focus of Profound Medical?

Profound Medical focuses on developing incision-free therapies for ablation of diseased tissue.

Last updated: Jul 18, 2024