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Bullboard - Stock Discussion Forum Profound Medical Corp T.PRN

Alternate Symbol(s):  PROF

Healthcare Medical Devices
Profound Medical Corp. is a Canada-based commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue. It is commercializing TULSA-PRO, a technology that combines real-time magnetic resonance imaging (MRI), robotically driven transurethral ultrasound and closed-loop temperature feedback control. TULSA-PRO is designed... see more

TSX:PRN - Post Discussion

Profound Medical Corp > Revenue growth is our sticky wicket, yet 20% /Qtr = 100% YOY
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Post by HomerAndCompany on Nov 08, 2021 9:06am

Revenue growth is our sticky wicket, yet 20% /Qtr = 100% YOY

The 20% per quarter revenue growth in the last two quarters translates into 100% growth on an anualized (compounded) basis. It was a miss, not what we were expecting, and certainly not what we were hoping for. But still, it is exponential growth in the face of COVID headwinds.
Comment by MrMugsy on Nov 08, 2021 10:30am
and hoping it ramps up from here - new/safer technology - should find a warm reception of growth large hospitals are a problem during COVID - I get that Woundering why there isn't a stronger pivot to clinics at this time - maybe that's what's going to happen next.
Profound Medical Corp