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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Profound Medical Corp. - PROF

1. Pomerantz LLP is investigating potential securities fraud at Profound Medical. 2. Profound reported a $472,000 revenue overstatement for Q1 2024. 3. The company plans to restate its financial statements soon. 4. Profound's stock fell 5.9% to $6.86 after the disclosure. 5. Investors are encouraged to join the class action.

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Why Bearish?

The investigation into securities fraud and revenue restatement significantly erodes investor confidence. Historical precedence shows companies involved in similar cases often face prolonged stock penalties.

How important is it?

The article highlights serious allegations against Profound, which can lead to price volatility and loss of investor trust.

Why Short Term?

The immediate effect of the stock price drop signals investor reaction to news. However, with actions taken to correct the financial reporting, long-term effects may stabilize.

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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Profound Medical Corp. ("Profound" or the "Company") (NASDAQ: PROF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Profound and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action]  On March 7, 2025, Profound disclosed in a filing with the U.S. Securities and Exchange Commission that "the Company identified an error which overstated revenue by $472,000 in the first quarter of 2024."  Accordingly, Profound concluded that its quarterly reports for the first three quarters of 2024 should no longer be relied upon and said that the Company "intends to file restated interim financial statements" as soon as practicable.  On this news, Profound's stock price fell $0.43 per share, or 5.9%, to close at $6.86 per share on March 7, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes.    CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980  SOURCE Pomerantz LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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