Profound Medical corp. (PROF) announced Loss for its first quarter that increased from the same period last year and missed the Street estimates.
The company's earnings totaled -$10.72 million, or -$0.36 per share. This compares with -$6.59 million, or -$0.27 per share, last year.
Analysts on average had expected the company to earn -$0.28 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 81.9% to $2.62 million from $1.44 million last year.
Profound Medical corp. earnings at a glance (GAAP) :
-Earnings: -$10.72 Mln. vs. -$6.59 Mln. last year.
-EPS: -$0.36 vs. -$0.27 last year.
-Revenue: $2.62 Mln vs. $1.44 Mln last year.
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