Perimeter Medical Q2 Revenue Doubles to $500K, Driven by Procedure and Recurring Revenue Growth

Perimeter Medical Imaging AI reports preliminary Q2 2025 revenue of $500,000, a 100% YoY increase. Revenue growth is driven by a 35% increase in procedures and a 50% increase in recurring revenue compared to Q1 2025. The company's gross margin is expected to be in line with previous guidance.

Perimeter Medical Imaging AI (TSXV:PINK, OTCQX:PYNKF) has reported preliminary Q2 2025 revenue of approximately $500,000, representing a 100% year-over-year (YoY) increase. The company's revenue growth is primarily driven by a 35% increase in procedures and a 50% increase in recurring revenue compared to Q1 2025 [1].

The company expects its gross margin for Q2 2025 to be 69%, aligning with previous guidance. Additionally, Perimeter Medical Imaging AI projects H1 2025 revenue of $1.0 million, surpassing full-year 2024 revenue of $846,000 [2].

To support its growth, Perimeter Medical Imaging AI has announced a significant 30% reduction in operating costs starting Q3 2025. Key leadership appointments include Abbey Goodman as VP of Sales and Paolo DiPasquale as VP of Corporate Development. Additionally, the company has established an Industry Advisory Board (IAB) to be chaired by Diana Chan, with COO Tom Boon continuing to serve on the IAB [2].

References:
[1] https://seekingalpha.com/news/4483469-perimeter-medical-reports-preliminary-q2-revenue-of-500k-up-100-yoy
[2] https://www.stocktitan.net/news/PYNKF/perimeter-announces-preliminary-unaudited-revenues-for-the-2025-bnayh777unla.html