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- $247.5MMarket Cap
- 18.25%1-Year Change
- Medical DevicesIndustry
PROFOUND MEDICL (PROF)
Key Performance
More- Earnings Score: N/A
- Momentum Score: 54
- True Yield: N/A
- Financial Health Score: N/A
Latest Research & News
Why Medtech Giants Are Quietly Paying Up for AI Diagnostics
The global AI in medical imaging market is experiencing rapid growth with a projected $2.20 billion valuation in 2026 and 34.8% CAGR through 2033. Major medtech companies including Danaher, Medtronic, DexCom, and Profound Medical are making strategic acquisitions and expanding AI-powered diagnostic platforms. Hospitals are increasingly prioritizing AI clinical solutions, with 57% ranking them as top technology priorities in 2026-2027, driving demand for validated platforms with real clinical evidence.
04/29/2026, 10:30 AM • Benzinga
Profound Medical Corp. Investigated by the Portnoy Law Firm
The Portnoy Law Firm has initiated an investigation into Profound Medical Corp. for possible securities fraud after the company disclosed a $472,000 revenue overstatement in Q1 2024. The error affected financial statements across multiple quarters, prompting a restatement and causing the stock to fall 5.9% to $6.86 per share on March 7, 2025. Investors are being encouraged to join a potential class action lawsuit.
04/09/2026, 9:00 AM • GlobeNewswire
Profound Medical Corp. successfully closed a $36 million registered direct offering of 5.14 million common shares at $7.00 per share. The company plans to use net proceeds for sales and marketing expansion, working capital, R&D, and strategic transactions. An additional $4 million private placement with Canadian purchasers is expected to close by December 30, 2025.
12/23/2025, 8:00 AM • GlobeNewswire
Dr. Pejman Ghanouni from Stanford Medicine received a Cum Laude award at RSNA 2025 for presenting results from the CAPTAIN trial, comparing MRI-guided transurethral ultrasound ablation (TULSA) with robotic radical prostatectomy for prostate cancer treatment.
12/04/2025, 5:00 PM • GlobeNewswire
Profound Named to Redpoint Ventures’ Inaugural AI64 List of the Most Promising AI Companies
AI platform Profound has been recognized by Redpoint Ventures in their inaugural AI64 list, highlighting the company's innovative approach to AI-powered brand visibility and marketing optimization.
10/24/2025, 6:00 AM • GlobeNewswire
Profound, an AI visibility and content optimization platform, was selected for Redpoint Ventures' AI64 list, recognizing the most promising private AI companies. The platform serves over 10,000 marketers from 1,000 organizations and helps brands optimize their presence in AI-powered search results.
10/24/2025, 6:00 AM • GlobeNewswire
Peers
Statistics
MoreInformation as of 06/02/2026
Company Profile
Profound Medical Corp. operates as a commercial-stage medical device company that develops and markets AI-powered, MRI-guided, incision-free therapeutic systems for the image guided ablation of diseased tissue. The company's lead product TULSA-PRO system combines magnetic resonance imaging (MRI), robotically driven transurethral sweeping action/thermal ultrasound and closed-loop temperature feedback control to ablate whole gland or physician defined region of malignant or benign prostate tissue. It also provides Sonalleve, which combines real-time MRI and thermometry for the treatment of uterine fibroids, adenomyotic tissue, palliative pain treatment of bone metastases, osteoid osteoma, and management of benign tumors. It operates in Canada, Germany, the United States, China, and Finland. Profound Medical Corp. is headquartered in Mississauga, Canada.
Key Executives
- Arun Swarup Menawat
- Mathieu Burtnyk
- Rashed Dewan
- Thomas Tamberrino
- Matthew Sobczyk
Current Ownership Distribution
- Institutions191.5M (69.91%)
- Insiders74.6M (27.23%)
- Mutual Funds7.8M (2.86%)
- Other0 (0.00%)