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  5. PRN: Your opinion on PRN's results and outlook going forward? [Profound Medical Corp.]
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Investment Q&A

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Q: Your opinion on PRN's results and outlook going forward?

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Asked by Ozzie on August 05, 2022
5i Research Answer:

PRN reported revenue of $2 mln which was lower than $2.6 mln in sales in the prior year (but higher compared to the prior quarter). The company ended the quarter with $53.2 mln in cash and a net EPS loss of $-0.28. Results seem to be in-line or better than expectations. The market reaction seems a bit harsh from what we see, but shares have largely just given back the gains it made in the last two weeks or so.