Profound Medical Corp.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
PROF$7.68+4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(USD in thousands, except per share data)
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended June 30, · · Six Months Ended June 30, | ||||||||
| | 2025 | 2024 | 2025 | 2024 | ||||
| | | $ | | $ | | $ | | $ |
| Revenue (note 11) | | | | | | | | |
| Recurring - non-capital | 1,561 | 1,460 | | 3,362 | | 2,899 | ||
| Capital equipment | 650 | 773 | | 1,470 | | 773 | ||
| | 2,211 | 2,233 | | 4,832 | | 3,672 | ||
| Cost of sales | 593 | 812 | | 1,361 | | 1,385 | ||
| Gross profit | 1,618 | 1,421 | | 3,471 | | 2,287 | ||
| | | | | | | | | |
| Operating expenses | | | | | | | ||
| Research and development | 6,098 | 4,205 | | 10,906 | | 8,150 | ||
| Selling, general and administrative | 9,326 | 5,058 | | 17,537 | | 9,856 | ||
| Total operating expenses | 15,424 | 9,263 | | 28,443 | | 18,006 | ||
| | | | | | | | | |
| Operating loss | 13,806 | 7,842 | | 24,972 | | 15,719 | ||
| | | | | | | | | |
| Other (income) expenses | | | | | | | ||
| Net finance (income) expense | (343) | (422) | | (788) | | (884) | ||
| Net foreign exchange (gain) loss | 2,168 | (520) | | 2,130 | | (1,390) | ||
| Total other (income) expenses | 1,825 | (942) | | 1,342 | | (2,274) | ||
| | | | | | | | | |
| Net loss before income taxes | 15,631 | 6,900 | | 26,314 | | 13,445 | ||
| | | | | | | | | |
| Income tax expense | 78 | 19 | | 119 | | 59 | ||
| Deferred tax recovery | (14) | — | | (14) | | — | ||
| Total income tax expense | | 64 | | 19 | | 105 | | 59 |
| | | | | | | | | |
| Net loss attributed to shareholders for the period | 15,695 | 6,919 | | 26,419 | | 13,504 | ||
| | | | | | | | | |
| Other comprehensive (income) loss | | | | | | | ||
| Item that may be reclassified to (income) loss | | | | | | | ||
| Foreign currency translation adjustment | (2,713) | 470 | | (2,816) | | 1,439 | ||
| | | | | | | | | |
| Net loss and other comprehensive loss for the period | 12,982 | 7,389 | | 23,603 | | 14,943 | ||
| | | | | | | | | |
| Loss per share (note 12) | | | | | | | ||
| Basic and diluted net loss per common share | 0.52 | 0.28 | | 0.88 | | 0.55 | ||
| Basic and diluted weighted average common shares outstanding | 30,053,142 | 24,440,444 | | 30,055,047 | | 24,373,869 | ||
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