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Perimeter Medical Imaging AI Announces Record Revenue for First Quarter 2025
Perimeter Medical Imaging AI Announces Record Revenue for First Quarter 2025 Canada New...
About this update from Perimeter Medical Imaging Ai Inc
[{"type":"text","content":"\n\n\n\n Perimeter Medical Imaging AI Announces Record Revenue for First Quarter 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n\n\n Conference Call/Webcast Today at\n \n 5 pm ET\n \n\n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n TORONTO\n \n and\n \n DALLAS\n \n\n ,\n \n\n May 13, 2025\n \n\n /CNW/ - Perimeter Medical Imaging AI, Inc. (TSXV: PINK) (OTCQX: PYNKF) (\"Perimeter\" or the \"Company\"), a commercial-stage medical technology company, today reported financial results for its first quarter ended\n \n March 31, 2025\n \n and provided a corporate update. Unless specified otherwise, all amounts in this press release are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.\n \n\n\n\n Business Highlights\n \n\n\n\n\n Current Perimeter S-Series OCT (\"Perimeter S-Series\") Device\n \n\n\n\n The Company continues to gain significant positive commercial market traction with its first U.S. Food and Drug Administration (\"FDA\")-cleared product, Perimeter S-Series:\n \n\n Q1-2025 revenue of\n \n $550,269\n \n , up 460% year-over-year and 89% sequentially.\n \n\n Q1-2025 first-time capital OCT unit sale.\n \n\n Q1-2025 case volumes increased 160% year-over-year and 15% sequentially.\n \n\n\n\n In\n \n April 2025\n \n , Perimeter also achieved several commercial milestones: record number of patient cases were supported by Perimeter S-Series; highest-ever number of consumables were shipped; 88% of eligible devices were covered by paid ESP warranty programs; and Perimeter's 2025 billings (purchase orders for consumables, new devices and ESP warranty programs) surpassed\n \n $1 million\n \n .\n \n\n Since the start of 2025, Perimeter announced that\n \n CHRISTUS St. Vincent\n \n was the first hospital in\n \n New Mexico\n \n ,\n \n Covenant Health Fort Sanders Regional\n \n was the first hospit...