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Profire Energy Inc   (NASDAQ: PFIE)
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Price: $2.5400 $0.00 0.000%
Day's High: $2.56 Week Perf: -0.39 %
Day's Low: $ 2.54 30 Day Perf: 0.79 %
Volume (M): 167 52 Wk High: $ 2.56
Volume (M$): $ 425 52 Wk Avg: $1.94
Open: $2.55 52 Wk Low: $1.33



 Market Capitalization (Millions $) 124
 Shares Outstanding (Millions) 49
 Employees 123
 Revenues (TTM) (Millions $) 58
 Net Income (TTM) (Millions $) 9
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 2

Profire Energy Inc

Profire is an oilfield technology company, providing products that enhance the efficiency, safety, and compliance of the oil and gas industry. We specialize in the creation of burner-management systems used on a variety of oilfield natural-draft fire tube vessels. We sell our products and services primarily throughout North America. Our experienced team of industry service professionals also provides supporting services for our products. We were originally incorporated in the State of Nevada on May 5, 2003. Since October 2008, we have been primarily engaged in the business of developing burner-management technologies for the oil and gas industry.

In the oil and natural gas industry, there are numerous demands for heat generation and control. Oilfield vessels of all kinds, including line-heaters, dehydrators, separators, treaters, amine reboilers, and free-water knockout systems require heat to satisfy their various functions, which is provided by a burner flame inside the vessel. This burner flame is integral to the operation of the vessel because these vessels use the flames heat to facilitate the proper function of the vessel. Such functions include separating, storing, transporting and purifying oil and gas (or even water). For example, the viscosity of oil and moisture content (and temperature) of gas are critical to a number of oilfield processes, and are directly affected by the heat provided by the burner flame inside the vessel. Our burner-management systems help ignite, monitor, and manage this burner flame, reducing the need for employee interaction with the burner, such as for the purposes of re-ignition or temperature monitoring.

As a result, oil and gas producers can achieve increased safety, greater operational efficiencies, and improved compliance with industry regulations. We believe, despite the current industry down turn, there is a growing trend in the oil and gas industry toward enhanced control, process automation, and data logging, partly for potential regulatory-satisfaction purposes. We believe that enhanced burner-management products and services can help our customers be compliant with such regulatory requirements, where applicable. In addition to selling products, we train and dispatch service technicians to service burner flame installations in Canada and throughout the United States.

We initially developed our first burner-management system in 2005. Since 2005, we have released several iterations of our initial burner-management system, increasing features and capabilities, while maintaining compliance with Canadian Standards Association (CSA) and Underwriters Laboratories (UL) ratings.

Our burner-management systems have become widely used in Western Canada, and throughout many regions in the United States. We have sold our burner-management systems to many large energy companies, including Anadarko, Chesapeake Energy, ConocoPhillips, Devon Energy, Encana, Exxon-Mobil, Petro-Canada, Shell and others. Our systems have also been sold or installed in other parts of the world, including France, Italy, Ukraine, India, Nigeria, the Middle East, Australia, and Brazil. While we have an interest in expanding our international distribution capabilities, our current principal focus is on the North American oil and gas market.



   Company Address: 321 South 1250 West Lindon 84042 UT
   Company Phone Number: 796-5127   Stock Exchange / Ticker: NASDAQ PFIE


Customers Net Income fell by PFIE's Customers Net Profit Margin fell to

-19.23 %

12.21 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
KNOP      0% 
TDW        9.13% 
• View Complete Report
   



Merger and Acquisition

CECO Environmental to Acquire Profire Energy for $125 Million, Enhancing Combustion Management Capabilities,

Published Tue, Oct 29 2024 11:05 AM UTC

CECO Environmental Enters Agreement to Acquire Profire Energy for $125 Million, Marking a Strategic Expansion in Combustion Management SolutionsIn a bold move that enhances its positioning within the industrial environmental solutions market, CECO Environmental Corp. (NASDAQ: CECE) has announced its intention to acquire Profire Energy Inc. (NASDAQ: PFIE) for approximately $1...

Shares

Profire Energy Boosts Shareholder Value with $2 Million Share Buyback Program

Published Wed, May 22 2024 9:10 PM UTC

Profire Energy Announces $2 Million Share Buyback Program
Profire Energy, Inc. (NASDAQ: PFIE), a leading technology company specializing in solutions that improve the efficiency, safety, and reliability of industrial combustion appliances, has recently made a significant announcement. On May 22, 2024, the Company s Board of Directors approved a share buyback program auth...

Profire Energy Inc

Profire Energy Inc. Faces Challenges as Weak Sales Lead to Significant Decrease in Earnings

Profire Energy Inc., a technology company that specializes in providing solutions for enhancing the efficiency, safety, and reliability of industrial combustion appliances, recently announced its financial results for the first quarter ending March 31, 2024. The report revealed that the company experienced a decline in both its top and bottom line, with earnings per share dropping by 40% and revenue decreasing by 12.345% year on year.
In terms of revenue, Profire Energy Inc. generated $12.76 million in the first quarter of 2024, compared to $14.55 million in the same period the previous year. Earnings per share also declined from $0.05 to $0.03 over the same time frame. This marks a decrease of 54.54% in profit from $0.07 per share and a deterioration of 9.443% in revenue from $14.09 million.
Furthermore, net earnings for the financial span ending March 31, 2024, totaled $1.434 million, which represents a decline of 44.61% compared to $2.590 million in the corresponding period a year earlier. These figures indicate a challenging financial period for Profire Energy Inc.

Profire Energy Inc

Profire Energy Inc Delivers Impressive Contribution to Profit Margins in Q4 2023

Profire Energy Inc, a leading player in the energy industry, has recently announced its impressive financial performance for the fourth quarter of 2023. The company witnessed a staggering 64.97% increase in earnings, reaching $0.07 per share. Furthermore, despite a moderate revenue growth of 0.83% to $14.09 million, the overall results showcase Profire Energy's ability to drive profitability and maintain a strong financial position.
Compared to the previous reporting season, the earnings per share soared by an exceptional 64.97% from $0.04 per share, whereas revenue experienced a marginal decrease of -2.694% from $14.48 million. This demonstrates the company's ability to continuously improve its bottom line while navigating market challenges and fluctuations effectively.

Profire Energy Inc

PFIE Soars with Outstanding 100% Income Surge During the Powerhouse Third Quarter of 2023 Earnings Season

Profire Energy Inc, a leading technology company in the stock market, has showcased impressive growth and performance during the most recent fiscal period. The company has reported a remarkable 100% increase in income per share, which now stands at $0.04 per share. Additionally, its revenue surged by 12.844% to reach $14.48 million, compared to the previous year.
What's even more impressive is that Profire Energy Inc has outperformed its peers in the Miscellaneous Fabricated Products industry. While similar companies reported an average top-line improvement of 5.82%, Profire Energy Inc managed to achieve a faster growth rate. This speaks volumes about the company's strong financial position and its ability to excel in a competitive market.







Profire Energy Inc's Segments
Electronics    36.88 % of total Revenue
Manufactured    25.09 % of total Revenue
Re-Sell    36.41 % of total Revenue
Service    7.25 % of total Revenue
Inter-subsidiary eliminations    -21.45 % of total Revenue
Canada    15.47 % of total Revenue
Canada Inter-subsidiary eliminations    21.43 % of total Revenue
United States    90.16 % of total Revenue
United States Inter-subsidiary eliminations    0.02 % of total Revenue

  Profire Energy Inc Outlook

On April 24 2024 the Profire Energy Inc provided following guidance

Profire Energy Inc. (NASDAQ: PFIE), a leading technology company specializing in solutions that improve the efficiency, safety, and reliability of industrial combustion appliances, has scheduled its first quarter 2024 earnings call for Thursday, May 9, 2024, at 8:30 a.m. ET. The Company will be discussing its financial results for the first quarter ended March 31, 2024, which are expected to be filed with the Securities and Exchange Commission and reported in a press release ahead of the conference call.

Investors, s, and other interested parties are encouraged to join the call to learn more about Profire Energy's performance in the first quarter of 2024 and its outlook for the future. The conference...





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