Profound Medical Corp. (NASDAQ: PROF)

This investigation is for anyone who acquired securities in Profound Medical Corp. (NASDAQ: PROF) prior to March 7, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had in place sufficient financial controls but then by overstating revenue.

On March 7, 2025, Profound disclosed that it had “identified an error which overstated revenue by $472,000 in the first quarter of 2024.” The Company stated correction of this error “reduced revenue previously presented . . . in the first quarter, and in the year-to-date figures in the second and third quarters of 2024.” The Company advised that the affected financial statements “should no longer be relied upon as a result of the foregoing error.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Profound Medical Corp. (NASDAQ: PROF) prior to March 7, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.