A maker of MRI-guided ultrasound systems that destroy diseased tissue with no incisions or radiation. Its TULSA-PRO ablates prostate cancer and tumors from inside the urethra, while Sonalleve tackles uterine fibroids, bone pain, and other conditions. The company grew out of Toronto's Sunnybrook Research Institute in 2008 and later acquired Sonalleve from Philips — a name blending "son" (ultrasound) with "alleviate," fitting for a device that erases tumors with focused sound waves.
Profound Medical appoints Matthew Sobczyk as Interim CFO, effective August 14, 2026
Rashed Dewan resigned as CFO on August 14, 2026, and will provide transition services as an independent contractor through November 25, 2026.
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Matthew Sobczyk, previously Corporate Controller, was appointed Interim Chief Financial Officer effective August 14, 2026.
Sobczyk will receive an annual base salary of CAD 300,414.58 and is eligible for a discretionary bonus target of 15% of base salary.
Dewan will receive a cash severance of $375,000, 15 months of employer-paid benefits, extended option exercise period, and up to CAD 5,000 in legal fee reimbursement.
Dewan will earn CAD 200 per hour for consulting and continue vesting of 20,000 restricted share units.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Profound Medical introduces new real-time interventional MRI software for TULSA-PRO
On August 17, 2026, Profound Medical Corp. announced the introduction of its latest Treatment Delivery Console (TDC) software, deployed across its TULSA-PRO installed base.
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The new software adds real-time iMRI control and physician-requested user interface and hardware improvements, building on TULSA-AI modules to increase procedural efficiency.
The company says the software provides a roadmap for surgeons to achieve up to six TULSA Procedures per system per day, up from the four procedures some physicians currently report.
CEO Arun Menawat stated the upgrade enhances TULSA-PRO's supervised robotic autonomy, potentially supporting future incisionless telesurgery.
The disclosure was furnished under Item 7.01 Regulation FD and is not deemed filed for SEC purposes.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Profound Medical reports Q2 2026 revenue of $2.5M, net loss improved 39% to $9.5M
Total revenue for Q2 2026 was approximately $2.5 million, up 12% year-over-year, including $1.6 million recurring non-capital revenue and $871,000 from capital equipment sales.
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Approximately $3.1 million of TULSA product shipments shifted to Q3 due to a temporary logistics issue; excluding this, Q2 revenue would have been about $5.6 million, up 153% year-over-year.
Gross margin expanded to 78% in Q2 2026 from 73% in the prior-year period.
Operating expenses declined 16% year-over-year to approximately $13.0 million.
Net loss improved 39% to approximately $9.5 million ($0.26 per share) from $15.7 million ($0.52 per share) in Q2 2025.
Company reiterates full-year 2026 revenue guidance of approximately $25.0 million, representing 56% growth, and expects gross margin of 70% or higher.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Profound Medical reports TULSA preserves penile length vs robotic prostatectomy in CAPTAIN trial
On July 24, 2026, Profound Medical Corp. issued a press release disclosing new data from the CAPTAIN randomized controlled trial.
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At 1 month post-treatment, whole-gland TULSA ablation showed no median change in penile length, versus a median 0.65 cm reduction after robotic radical prostatectomy.
The between-arm difference in penile length change was statistically significant (0.42 cm; p<0.001), as presented at the Society of Robotic Surgery Annual Meeting.
CAPTAIN enrolled 211 patients at 23 sites (20 US, 2 Canada, 1 Europe) by August 2025, exceeding its target of 201.
The disclosure was furnished under Item 7.01 Regulation FD and is not deemed filed for SEC purposes.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Profound Medical to present TULSA Procedure at SRS Annual Meeting July 23-26, 2026
Presentations include real-world outcomes, the CAPTAIN randomized controlled trial, and single-center efficacy and safety data, led by physicians such as Xiaosong Meng, MD, PhD (UT Southwestern) and Victoria Y. Bird, MD.
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Profound Medical Corp. issued a press release on July 15, 2026, announcing that its TULSA Procedure will be highlighted in multiple presentations at the Society of Robotic Surgery (SRS) Annual Meeting in Fort Lauderdale, FL, July 23-26, 2026.
Profound was selected as one of eight companies to be spotlighted in the Society of Incisionless Surgery (SIS) plenary session at SRS2026, featuring a talk by Dr. Y. Mark Hong on July 26, 2026.
Profound's management will participate in an SRS Investor Session on July 22, 2026, moderated by analysts Rick Wise (Stifel) and Larry Biegelsen (Wells Fargo).
The information was furnished under Item 7.01 Regulation FD Disclosure and is not deemed filed for SEC purposes.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Profound Medical shareholders elect eight directors and approve auditor and equity plan at 2026 AGM
At the May 13, 2026 Annual General and Special Meeting, shareholders elected all eight director nominees, with support ranging from 78.999% (Arthur Rosenthal) to 91.495% (Thomas Wellner).
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Shareholders approved the appointment of PricewaterhouseCoopers LLP as auditors with 25,193,910 votes for (99.497%) and 127,301 withheld.
Shareholders approved the ordinary resolution for unallocated restricted share units and deferred share units under the long-term incentive plan, with 9,046,376 votes for (63.922%) and 5,105,787 against.
The meeting was held at the company's Mississauga, Ontario headquarters and was broadcast via webcast.
The results were reported under Item 5.07 as a submission of matters to a vote of security holders.
5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits