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Profound Medical to Release Third Quarter 2023 Financial Results on November 2 – Conference Call to Follow

Key Takeaway: Profound Medical Corp. will announce its third quarter 2023 financial results on November 2, 2023, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results and business developments. The company is recognized for its customizable, incision-free therapies, including TULSA-PRO® and Sonalleve®, both of which are commercially available. These innovations aim to address various medical conditions while prioritizing patient safety and functional preservation.
Price reaction · baseline $9.34 (2023-10-18 close) · hit after-hours · clean, no other PROF news in the window
day 0 close · peak
-0.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Profound Medical is set to release its financial results, which may indicate growth.
  • The company is actively marketing innovative medical devices like TULSA-PRO® and Sonalleve®.
  • The technology shows potential for various non-invasive treatment applications.

Full Press Release Details

TORONTO, Oct. 19, 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 third quarter 2023 financial results after market close on Thursday, November 2, 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.
Third Quarter 2023 Results Conference Call Details:
Date: Thursday, November 2, 2023
Time: 4:30 p.m. ET
Live Call Registration: https://register.vevent.com/register/BIe4cb03c9ce9e491187ff191c8a874810
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 financial results?

Profound Medical will announce its third quarter 2023 financial results on November 2, 2023.

What time is the conference call for Q3 2023 results?

The conference call will take place at 4:30 p.m. ET on November 2, 2023.

How is TULSA-PRO® used in prostate ablation?

TULSA-PRO® provides customizable, radiation-free ablation of prostate tissue while safeguarding the urethra and rectum.

What conditions does Sonalleve® treat?

Sonalleve® treats uterine fibroids and alleviates pain from bone metastases.

Is Sonalleve® approved for use in other markets?

Yes, Sonalleve® is exploring markets for non-invasive abdominal cancer treatment and hyperthermia.

Last updated: Oct 19, 2023