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Bullboard - Stock Discussion Forum Profound Medical Corp PROF


Primary Symbol: T.PRN

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. The TULSA procedure... see more

Bullboard (TSX:PRN)

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Comment by HomerAndCompanyon Oct 12, 2021 3:47pm

RE:RE:RE:RE:RE:Research Capital: Take a pass on Profound Medical

Thanks for enlightening me! That approach makes perfect sense. The sales job is easier if the customer doesn't have to put up a lot of money for capital equipment. And the depreciation component ...more  
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Comment by MrMugsyon Oct 12, 2021 3:09pm

RE:RE:RE:RE:Research Capital: Take a pass on Profound Medical

Since we own 100% of our equipment that we install, the more equipment installed means more  depreciation over the next 5+ years. The net loss won't mean much in that situation so we'll ...more  
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Comment by HomerAndCompanyon Oct 12, 2021 2:32pm

RE:RE:RE:Research Capital: Take a pass on Profound Medical

Yes, losses are running in the $7-8 million per quarter now. Expenses are rising as sales and staff increase. But with exponential increases in revenue currently and for many quarters to come, we ...more  
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Comment by MrMugsyon Oct 12, 2021 1:04pm

RE:RE:Research Capital: Take a pass on Profound Medical

What are we losing right now?  $7-8M per quarter? As we ramp up we're going to have one-time costs to get new locations set-up along with paying for the equipment at those locations.  I ...more  
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Comment by HomerAndCompanyon Oct 11, 2021 2:21pm

RE:Research Capital: Take a pass on Profound Medical

I took another look at Andre Uddin's analysis and I found this part surprising: Uddin projects "revenues of $16.1 million in 2021, then more than doubling to a projected $33.8 million for ...more  
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Comment by HomerAndCompanyon Oct 08, 2021 7:13am

RE:RE:RE:RE:RE:RE:RE:RE:Target 25 installations by YE, up from 14 as of Q2 Conf Call

Those numbers makes sense. If you take the 1.2 million Q2 revenue and divide it by 10 sites treating patients and then divide that by $7710 per treatment you get 16 treatments average per site in Q2.  ...more  
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Comment by MrMugsyon Oct 07, 2021 1:26pm

RE:RE:RE:RE:RE:RE:RE:Target 25 installations by YE, up from 14 as of Q2 Conf Call

Yes ! Treatments per site ... 40 per year to start ... some are now at 60-70 (or more) per year ... goal is 100 per year per site. Arun has 100 sites on his mind but I didn't catch how long it ...more  
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Discussion
Comment by HomerAndCompanyon Oct 07, 2021 9:49am

RE:RE:RE:RE:RE:RE:Target 25 installations by YE, up from 14 as of Q2 Conf Call

Thank you MrMugsy! They said that they'd be doing 7-8 installations per quarter in 2022 (and then up to 10 per quarter after 2022) with the doubled (by Q3 2021) sales and installation teams. That ...more  
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Discussion
Comment by MrMugsyon Oct 06, 2021 11:51pm

RE:RE:RE:RE:RE:Target 25 installations by YE, up from 14 as of Q2 Conf Call

Just listened to the Q2 again. Today - 14 installs with 10 treating patients (USA). 20 new installs over the next 12 months. Approximately 25 installs in the USA by end of 2021. ----- Thanks again.
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Comment by HomerAndCompanyon Oct 05, 2021 9:46am

RE:RE:RE:RE:Target 25 installations by YE, up from 14 as of Q2 Conf Call

What seemed clear moreso than the exact numbers is that PRN views the past financial progress as slow (the consequence of a conservative approach taken with early installations they say) and expects ...more  
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Comment by MrMugsyon Oct 04, 2021 1:43pm

RE:RE:RE:Target 25 installations by YE, up from 14 as of Q2 Conf Call

Thanks - I will have a closer listen.  I've heard so many numbers thrown around  that I'm now questioning  what the actual goal is by yearend.  Thanks.
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Comment by HomerAndCompanyon Oct 04, 2021 10:03am

RE:RE:Target 25 installations by YE, up from 14 as of Q2 Conf Call

My understanding from the Q2 conference call was that they had 14 sites giving treatments at that time, with a target of 25 sites giving treatments by the end of 2021. Not all of the 20 sites you list ...more  
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Post by MrMugsyon Oct 02, 2021 11:11pm

Strong Buy at Raymond James ...

https://www.cantechletter.com/2021/10/profound-medical-is-a-strong-buy-says-raymond-james/
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Comment by MrMugsyon Oct 02, 2021 9:03pm

RE:Target 25 installations by YE, up from 14 as of Q2 Conf Call

Not sure I understand the numbers ... - 11 Procedure Centers in USA (one of them doubles as a learning center) - 1 additional learning center - 7 in Europe - 1 in Japan That's 20 in total Are ...more  
137
Discussion
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