Profound Medical (TSE:PRN) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$6.92m (loss narrowed by 5.9% from 2Q 2023).

• US$0.28 loss per share (improved from US$0.35 loss in 2Q 2023).

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

Profound Medical EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 39%. Earnings per share (EPS) exceeded analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in North America.

Performance of the market in Canada.

The company's shares are down 4.3% from a week ago.

Risk Analysis

Be aware that Profound Medical is showing 1 warning sign in our investment analysis that you should know about...

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