Q: Please give your thoughts and expectations for Profound.
Thank you, Mike
Thank you, Mike
5i Research Answer:
PRN expects high growth in 2026, with revenues expected to double. There is roughly $55 mln in cash on the balance sheet which should be able to fud at least two years of operations for the company. The recent quarter had a pretty big miss on sales which is something to watch. We think it is interesting if the expected growth comes to fruition but would view it as a higher risk name.