Profound Medical Corp (PROF)

[hayfarmer]

As you can see in PR, revenue was better than last qtr. They say they have 14 sites open and not all of them are on their website. They stuck to 25 open by end of year. It seems the limiting factor is their ability to open, not contracts in hand. They continue to blame covid for some issues. The CEO gave the example that one site was delayed 6 weeks while the MRI center was unable to get a router needed for the Tulsa installation.

1.4 million of revenue was from the one time sale of capital equipment. Non analyst asked about this. In Q4 of last year 2.6 million of revenue was from the "sale of products". Not clear if these are the same or not but they are possibly transitioning from selling machines to a per use rental. Too bad no analyst asked them to clarify.