Scott McAuley's questions to Profound Medical Corp (PROF) leadership • Q1 2025
Question
Scott McAuley from Paradigm Capital requested details on the Q1 capital revenue, asking if it stemmed from new installations or conversions. He also inquired about the availability timeline for the TULSA-PLUS program and the economic structure of the Siemens partnership.
Answer
CFO Rashed Dewan clarified that the Q1 capital revenue was generated from two new site installations and one conversion of an existing site. CEO Arun Menawat projected that TULSA-PLUS compatibility and initial deals would be ready by the end of Q3. He explained the goal is to drive TULSA procedure revenue, remaining flexible on how the MRI hardware is sourced. CCO Thomas Tamberrino added that TULSA-PLUS is a comprehensive, customizable program that extends beyond just the magnet to provide a complete 'soup to nuts' solution for launching a TULSA program.