Scott McAuley's questions to Profound Medical (PROF) leadership • Q1 2025
Question
Scott McAuley from Paradigm Capital asked for details on the Q1 capital revenue, specifically if it represented new installations or conversions of existing sites. He also inquired about the timing and economic model of the TULSA-PLUS program, including any potential benefits from the Siemens MRI partnership.
Answer
CFO Rashed Dewan clarified that the Q1 capital revenue was from two new sites and one conversion from an existing site. CEO Arun Menawat stated that TULSA-PLUS compatibility should be ready by the end of Q3, with deals expected around that time. He emphasized the focus is on driving TULSA procedures, regardless of how the MRI is sourced. CCO Thomas Tamberrino added that TULSA-PLUS is a comprehensive "soup to nuts" program solution, not just an MRI offering, customized to each site's needs.