Profound Medical (TSE:PRN) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$9.36m (loss widened by 68% from 3Q 2023).

• US$0.38 loss per share (further deteriorated from US$0.26 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Profound Medical Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in North America.

Performance of the market in Canada.

The company's shares are up 16% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Profound Medical has 1 warning sign we think you should be aware of.

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