Profound Medical Corp (PROF)

[hayfarmer]

I had to go after the first analyst from RJ. It came out that the C code news may not come until October now. They are in continuing discussions with medicare. They think they have a good case to get it and it an easy change for medicare but medicare could decide since they will have CPT codes in 2025 it's not worth the effort.

They have 38 installations now and still expect 50 by year end and 75 by end of 2024. They expect revenue growth to continue to accelerate and felt they are meeting all the goals they have set. They said there would be some capital sales in EU in 2nd half, or maybe it was in Japan.

When I got off there was no discussion of a raise but it could have happened later.

Overall a very positive call for the part I heard.