Profound Medical Up 14% After Hours as It Expects Record Third-Quarter Revenue
MT newswire2026/10/07 20:4004:40 PM EDT, 10/07/2026 (MT Newswires) -- Profound Medical (PRN.TO, PROF) was up 14% in after-hours Nasdaq trading after the company said it expects to report record quarterly revenue of between $9.8 million to $10.0 million for its fiscal third quarter. This compares with revenue of $5.3-million in the prior year period, an 85% to 89% increase, the medical device company said. "The significant increase in revenue we expect to report this quarter represents a historic milestone for Profound, reflecting the strong commercial momentum building behind our technology," said Chief Executive Arun Menawat. "The expected year-over-year and sequential growth in the third quarter reflects increased commercial activity across our installed base and new customer accounts." Profound Medical will report its third-quarter earnings after market close on Nov. 5. The company's shares were last seen up $0.82 to $6.50 after hours. They closed down CA$0.50 or 5.8% to CA$8.16 on the Toronto Stock Exchange.
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