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TripTrap

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Tuesday, 01/05/2021 5:23:10 PM

Tuesday, January 05, 2021 5:23:10 PM

Post# of 1668
Profound Medical sees Q4 revenue growth of 32%

Jan. 05, 2021 4:59 PM ETProfound Medical Corp. (PROF)By: Akanksha Bakshi, SA News Editor

Profound Medical (NASDAQ:PROF) announces that it anticipates total revenues for 4Q20 to be ~$3.7M (vs. $2.14M consensus), representing growth of 32% year-over-year and 24% sequentially; and for FY20 anticipates total revenues to be ~$9.7M, compared to $5.5M in 2019.

“We believe the strong sales performance in the fourth quarter, which was achieved in the face of continuing COVID-19 headwinds for the medical device industry, speaks to the strength of both our technology and business model,” commented Arun Menawat, Profound’s CEO.

"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -

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