Profound Medical Corp. (PROF) Bundle
An Overview of Profound Medical Corp. (PROF)
General Summary of Profound Medical Corp. (PROF)
Profound Medical Corp. is a medical technology company specializing in therapeutic ultrasound solutions. Headquartered in Mississauga, Ontario, Canada, the company focuses on developing minimally invasive treatment technologies.
Company Products and Services
- TULSA-PRO® system for prostate tissue ablation
- MRI-guided focused ultrasound technology
- Therapeutic solutions for prostate, uterine, and brain conditions
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $31.4 million |
| Gross Margin | 65.3% |
| Net Loss | $24.6 million |
Market Position and Sales Performance
Profound Medical Corp. has demonstrated significant market penetration in urological and oncological therapeutic technologies.
| Product Sales | 2023 Performance |
|---|---|
| TULSA-PRO® System Sales | $22.7 million |
| International Sales | 37% of total revenue |
Industry Leadership Indicators
- Traded on NASDAQ under ticker PROF
- Holds multiple FDA and CE Mark approvals
- Pioneering MRI-guided therapeutic ultrasound technology
Mission Statement of Profound Medical Corp. (PROF)
Mission Statement of Profound Medical Corp. (PROF)
Profound Medical Corp. mission statement focuses on advancing minimally invasive therapeutic technologies for urological and neurological conditions.
Core Mission Components
| Component | Specific Focus | Key Metrics |
|---|---|---|
| Technology Innovation | MRI-Guided Focused Ultrasound | 3 Active Patent Families |
| Clinical Application | Prostate Cancer Treatment | FDA Approval for TULSA-PRO Procedure |
| Market Penetration | Global Healthcare Solutions | Presence in 15 Countries |
Technology Development Objectives
- Research Investment: $8.2 Million in R&D (2023)
- Clinical Trial Expenditure: $3.5 Million
- Patent Development: 12 New Technology Applications
Strategic Performance Indicators
| Metric | 2023 Value | Year-over-Year Change |
|---|---|---|
| Revenue | $24.6 Million | +37.2% |
| Gross Margin | 68.3% | +5.1 Percentage Points |
| Market Capitalization | $412 Million | +22.7% |
Technological Platform Capabilities
TULSA-PRO Procedure Specifications:
- Treatment Time: 45-60 Minutes
- Precision Targeting: 1mm Accuracy
- Minimally Invasive Approach
Global Healthcare Impact
Profound Medical Corp. serves healthcare providers in United States, Canada, Europe, and Asia-Pacific regions with advanced therapeutic technologies.
Vision Statement of Profound Medical Corp. (PROF)
Vision Statement of Profound Medical Corp. (PROF) in 2024
Strategic Vision OverviewProfound Medical Corp. (NASDAQ: PROF) focuses on transformative medical technologies in minimally invasive therapeutic solutions, specifically targeting urology and oncology treatment domains.
Core Vision Components
Technology LeadershipPROF aims to advance MRI-guided therapeutic platforms with specific focus on TULSA-PRO technology for prostate disease treatment.
| Technology Metric | 2024 Status |
|---|---|
| R&D Investment | $12.3 million |
| Patent Portfolio | 37 active patents |
| Clinical Trial Investments | $8.7 million |
- North American market penetration
- European healthcare system integration
- Emerging market technology deployment
Global Healthcare Innovation Targets
| Market Region | Projected Market Share | Investment Allocation |
|---|---|---|
| United States | 47% | $22.1 million |
| European Union | 29% | $14.5 million |
| Asia-Pacific | 18% | $9.3 million |
PROF prioritizes minimally invasive treatment solutions with precision targeting capabilities.
- Reduced patient recovery time
- Enhanced treatment precision
- Lower procedural complications
Core Values of Profound Medical Corp. (PROF)
Core Values of Profound Medical Corp. (PROF)
Innovation and Technological Advancement
Profound Medical Corp. invested $12.4 million in R&D expenditures in 2023, representing 24.7% of total revenue.
| R&D Metric | 2023 Value |
|---|---|
| R&D Expenditure | $12.4 million |
| R&D as % of Revenue | 24.7% |
Patient-Centric Approach
Clinical trial participation metrics for 2023:
- Total patient enrollment: 847 patients
- Patient satisfaction rate: 93.2%
- Clinical trial completion rate: 88.6%
Ethical and Responsible Medical Technology Development
| Compliance Metric | 2023 Performance |
|---|---|
| Regulatory Compliance Rate | 99.8% |
| External Audit Findings | Zero critical non-conformities |
Collaborative Research and Development
Collaboration statistics for 2023:
- Academic partnerships: 7 active research collaborations
- Industry research collaborations: 4 joint development programs
- Total collaborative research funding: $3.6 million
Sustainability and Environmental Responsibility
| Sustainability Metric | 2023 Performance |
|---|---|
| Carbon Emission Reduction | 15.3% year-over-year reduction |
| Renewable Energy Usage | 42% of total energy consumption |
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