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Profound Medical Corp. operates as a commercial-stage medical device company that develops and markets AI-powered, MRI-guided, incision-free therapeutic systems for the image guided ablation of diseased tissue. The company's lead product TULSA-PRO system combines magnetic resonance imaging (MRI), robotically driven transurethral sweeping action/thermal ultrasound and closed-loop temperature feedback control to ablate whole gland or physician defined region of malignant or benign prostate tissue. It also provides Sonalleve, which combines real-time MRI and thermometry for the treatment of uterine fibroids, adenomyotic tissue, palliative pain treatment of bone metastases, osteoid osteoma, and management of benign tumors. It operates in Canada, Germany, the United States, China, and Finland. Profound Medical Corp. is headquartered in Mississauga, Canada.
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Profound Medical develops MRI-guided transurethral focused-ultrasound systems for targeted thermal ablation of prostate tissue. Long-term growth may be supported by aging populations, a shift to minimally invasive prostate treatments, expanding clinical evidence and growth of its installed base. Investors may find it attractive because the platform offers precise, organ-sparing therapy that could displace some surgery or radiation if adoption and reimbursement improve.
Key risks include a limited commercial track record, adoption and reimbursement hurdles, competition from established prostate therapies, and execution and financing risk when scaling the business.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -59.13M | -27.82M | -28.70M | -28.38M | -30.59M |
| Net income | -59.48M | -27.82M | -28.57M | -28.67M | -30.70M |
| Selling general administrative | 32.05M | 23.13M | 9.17M | 9.46M | 10.31M |
| Selling and marketing expenses | - | - | 9.45M | 8.47M | 7.65M |
| Gross profit | 15.92M | 7.04M | 4.38M | 3.02M | 2.95M |
| Reconciled depreciation | 0.56M | 0.94M | 1.15M | 1.60M | 1.88M |
| Ebit | -57.64M | -33.06M | -27.93M | -29.60M | -30.29M |
| Ebitda | -56.86M | -32.13M | -27.00M | -25.47M | -28.41M |
| Depreciation and amortization | 0.78M | 0.94M | 0.93M | 4.13M | 1.88M |
| Operating income | -57.64M | -33.06M | -28.62M | -29.60M | -30.29M |
| Other operating expenses | 80.14M | 43.74M | 35.81M | 36.28M | 37.16M |
| Interest expense | - | - | 0.77M | 0.17M | 0.30M |
| Tax provision | 0.25M | -0.00M | -0.13M | 0.29M | 0.10M |
| Interest income | - | 5.24M | 1.64M | 3.45M | 0.14M |
| Net interest income | 1.07M | 1.44M | 0.73M | 0.92M | -0.31M |
| Income tax expense | 0.35M | -0.00M | -0.13M | 0.29M | 0.10M |
| Total revenue | 22.49M | 10.68M | 7.20M | 6.68M | 6.87M |
| Total operating expenses | 73.56M | 40.10M | 33.00M | 32.62M | 33.24M |
| Cost of revenue | 6.57M | 3.64M | 2.82M | 3.66M | 3.92M |
| Total other income expense net | -1.49M | 5.24M | -0.08M | 1.22M | -0.30M |
| Net income from continuing ops | -42.57M | -27.82M | -28.57M | -28.67M | -30.70M |
| Net income applicable to common shares | - | -27.82M | -28.32M | -28.67M | -30.70M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 193.10M | 70.23M | 43.91M | 64.42M | 86.78M |
| Intangible assets | 0.19M | 0.26M | 0.49M | 0.68M | 1.44M |
| Other current assets | 3.94M | - | 1.41M | 1.22M | 1.15M |
| Total liab | 102.04M | 9.81M | 12.73M | 12.42M | 6.16M |
| Total stockholder equity | 91.06M | 60.42M | 31.18M | 52.00M | 80.62M |
| Other current liab | 5.07M | 0.33M | - | 0.92M | 0.25M |
| Common stock | 443.90M | - | 217.39M | 205.82M | 219.58M |
| Capital stock | 323.84M | 281.55M | 217.39M | 205.82M | 219.58M |
| Retained earnings | -394.42M | -245.17M | -217.93M | -189.36M | -160.69M |
| Other liab | - | - | - | 0.76M | 0.88M |
| Good will | - | - | - | 0.00M | 2.69M |
| Other assets | - | - | - | - | 3.62M |
| Cash | 81.87M | 54.91M | 26.21M | 46.52M | 67.15M |
| Total current liabilities | 8.33M | 6.57M | 6.37M | 4.18M | 4.16M |
| Current deferred revenue | 0.61M | - | 0.72M | 0.47M | 0.48M |
| Net debt | -75.41M | - | -18.27M | -38.29M | -65.78M |
| Short term debt | 0.50M | - | 2.36M | 0.76M | 0.25M |
| Short long term debt | - | 1.74M | 2.10M | 0.52M | - |
| Short long term debt total | 6.46M | - | 7.94M | 8.23M | 1.38M |
| Other stockholder equity | 34.69M | - | 19.69M | 18.70M | 16.99M |
| Property plant equipment | - | - | - | 1.72M | 1.90M |
| Total current assets | 104.30M | 69.06M | 41.90M | 62.02M | 77.12M |
| Net tangible assets | - | - | - | 51.32M | 76.49M |
| Net receivables | 7.20M | 6.58M | 7.29M | 6.34M | 1.41M |
| Long term debt | 4.50M | 2.92M | 5.00M | 6.65M | - |
| Inventory | 11.29M | 5.80M | 6.99M | 7.94M | 7.41M |
| Accounts payable | 2.14M | 1.32M | 3.28M | 2.03M | 3.18M |
| Accumulated other comprehensive income | 6.89M | - | 12.03M | 16.84M | 4.75M |
| Non currrent assets other | - | - | - | - | 3.62M |
| Non current assets total | 88.80M | 1.17M | 2.02M | 2.40M | 9.65M |
| Capital lease obligations | 0.21M | 0.46M | 0.84M | 1.06M | 1.38M |
| Long term debt total | - | - | - | 7.47M | 1.13M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | - | - | 0.00M | -0.59M |
| Change to liabilities | - | - | - | -0.57M | -0.36M |
| Total cashflows from investing activities | -0.34M | - | - | 0.00M | -0.59M |
| Net borrowings | -0.29M | -2.56M | -0.91M | 6.92M | -0.39M |
| Total cash from financing activities | 57.48M | 54.70M | 1.46M | 7.03M | 5.95M |
| Change to operating activities | - | - | - | -2.09M | -0.01M |
| Net income | -59.48M | -27.82M | -28.32M | -28.67M | -30.70M |
| Change in cash | 2.89M | 28.70M | -20.30M | -20.64M | -16.76M |
| Begin period cash flow | 78.97M | 26.21M | 46.52M | 67.15M | 83.91M |
| End period cash flow | 81.87M | 54.91M | 26.21M | 46.52M | 67.15M |
| Total cash from operating activities | -53.39M | -23.45M | -22.61M | -25.80M | -22.36M |
| Issuance of capital stock | 42.44M | 62.11M | 0.00M | - | 0.00M |
| Depreciation | 0.78M | 0.94M | 1.15M | 1.60M | 1.88M |
| Change to inventory | -3.94M | 0.66M | 0.35M | -1.86M | -2.49M |
| Change to account receivables | -0.24M | 0.19M | -1.41M | -1.42M | 2.00M |
| Sale purchase of stock | - | 62.15M | 2.67M | 0.26M | 6.43M |
| Other cashflows from financing activities | - | -4.85M | 2.67M | 7.39M | 6.33M |
| Change to netincome | - | - | - | 6.89M | 7.34M |
| Capital expenditures | 0.25M | 0.00M | 0.00M | 0.00M | 0.59M |
| Change in working capital | -2.39M | 0.59M | 0.54M | -5.63M | -0.88M |
| Stock based compensation | 5.49M | 2.58M | 3.42M | 4.24M | 7.21M |
| Other non cash items | 7.71M | 0.26M | 0.38M | 2.66M | 0.13M |
| Free cash flow | -53.63M | -23.45M | -22.30M | -25.80M | -22.95M |
Sector: Healthcare Industry: Medical Devices
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Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PRN Profound Medical Corp |
0.26 2.66% |
10.03 | - | - | 21.06 | 3.72 | 11.94 | -7.93 |
Profound Medical Corp. operates as a commercial-stage medical device company that develops and markets AI-powered, MRI-guided, incision-free therapeutic systems for the image guided ablation of diseased tissue. The company's lead product TULSA-PRO system combines magnetic resonance imaging (MRI), robotically driven transurethral sweeping action/thermal ultrasound and closed-loop temperature feedback control to ablate whole gland or physician defined region of malignant or benign prostate tissue. It also provides Sonalleve, which combines real-time MRI and thermometry for the treatment of uterine fibroids, adenomyotic tissue, palliative pain treatment of bone metastases, osteoid osteoma, and management of benign tumors. It operates in Canada, Germany, the United States, China, and Finland. Profound Medical Corp. is headquartered in Mississauga, Canada.
2400 Skymark Avenue, Mississauga, ON, Canada, L4W 5K5
647 476 1350
162
| Name | Title | Year Born |
|---|---|---|
| Dr. Arun Swarup Menawat MBA, Ph.D. | Chairman & CEO | 1955 |
| Mr. Rashed Dewan | Chief Financial Officer | 1968 |
| Dr. Mathieu Burtnyk | Sr. VP of Product Leader TULSA-PRO | 1982 |
| Mr. Stephen Kilmer | Investor Relations | NA |
| Mr. Hartmut Warnken | Chief Commercial Officer of OUS | NA |
| Mr. Jacques F. Cornet | Sr. VP & Product Leader Sonalleve | 1956 |
| Mr. Michael Mydra | VP & Head of Global Market Access | NA |
| Mr. Abbey Goodman | Chief Commercial Officer of US | NA |
| Mr. Matthew Sobczyk C.A., CPA | Assistant Corp. Controller | NA |
| Mr. Levant Tinaz | Software Developer | NA |
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