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Perimeter Medical Imaging AI, Inc. reported significant growth in its second quarter 2024 financial results, with revenues increasing by 83% compared to the previous year. The company achieved six new placements of its FDA-cleared Perimeter S-Series OCT system, surpassing the total placements from all of 2023. Additionally, advancements in the development of the next-generation Perimeter B-Series OCT system are underway, with expectations for FDA submission in 2025.
The ongoing pivotal clinical trial for the B-Series OCT system is on track for completion by Q3-2024, ahead of schedule. A recent study highlighted the effectiveness of the S-Series OCT in reducing reoperation rates for breast-conserving surgeries, showcasing its potential impact on patient outcomes. The introduction of the ImgClear AI image enhancement algorithm is expected to further improve imaging quality and efficiency.
• Perimeter's revenues grew 83% year-over-year in Q2-2024.
• The ImgClear AI algorithm enhances imaging quality and reduces scan time.
The Perimeter S-Series OCT system utilizes this technology to provide real-time visualization during cancer surgeries.
Perimeter's B-Series OCT system incorporates AI to enhance imaging capabilities and improve surgical outcomes.
The implementation of ImgClear is expected to significantly increase the signal-to-noise ratio and reduce scan times.
The company is known for its FDA-cleared Perimeter S-Series OCT system, which aids in real-time tissue visualization.
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