Profound Medical Sees FY24 Revenue $11M-$12M Vs $11.635M Est.
Portfolio Pulse from Benzinga Newsdesk
Profound Medical projects its FY24 revenue to be between $11M and $12M, which is in line with the analyst estimate of $11.635M.

May 09, 2024 | 9:19 pm
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NEUTRAL IMPACT
Profound Medical's FY24 revenue projection aligns with analyst expectations, indicating stability in its financial outlook.
The revenue forecast by Profound Medical for FY24 closely matches the analyst estimates, suggesting that the company's financial performance is on track with market expectations. This alignment typically has a neutral impact on the stock price in the short term, as it neither significantly exceeds nor falls short of market forecasts.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90