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Profire Energy Inc   (PFIE)
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Price: $1.8000 $0.14 8.434%
Day's High: $1.84 Week Perf: 12.5 %
Day's Low: $ 1.69 30 Day Perf: 25.87 %
Volume (M): 213 52 Wk High: $ 3.29
Volume (M$): $ 383 52 Wk Avg: $1.66
Open: $1.70 52 Wk Low: $1.09



 Market Capitalization (Millions $) 88
 Shares Outstanding (Millions) 49
 Employees 79
 Revenues (TTM) (Millions $) 58
 Net Income (TTM) (Millions $) 11
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 1

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 grew by PFIE's Customers Net Profit Margin grew to

40.4 %

7.54 %

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


   

Stock Performances by Major Competitors

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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

Profire Energy Inc Shatters Records with 500% EPS Surge in Q2 2023, Outperforming Peers in the Industry

Profire Energy Inc (PFIE), a leading provider of combustion management and control solutions, has reported strong financial results for the second quarter of 2023. The company's earnings per share (EPS) soared by an impressive 500% to $0.06 compared to the same period last year. This significant increase can be attributed to a remarkable revenue growth of 49.634% to $14.41 million.
The surge in revenue for Profire Energy in the second quarter of 2023 is especially notable when compared to its peers in the Miscellaneous Fabricated Products sector. The sector as a whole experienced a modest 4.23% business rise during the same time period. This favorable correlation demonstrates Profire Energy's ability to outperform and thrive in its industry.

Profire Energy Inc

Profire Energy Skyrockets with a Whopping 400% Jump in Q1 2023 Revenue, Delighting Investors

Profire Energy Inc. has released their financial results for the first quarter of 2023, and it appears that the company has made impressive progress. The company's revenue increased by an impressive 53.144%, reaching a total of $14.55 million, which is great news for investors. Compared to the same quarter in the previous year, the company's income per share rose by a remarkable 400% to $0.05 per share. This is an indication that the company is growing at a fast pace and is becoming increasingly profitable.
Additionally, the company's net profits increased significantly, rising by an impressive 312.91% to $2.590 million in the first quarter of 2023. This is a significant improvement compared to break-even achieved in the corresponding quarter a year ago. The company also highlighted an improvement in its profit margins, with the net margin rising to 17.79% in the first quarter of 2023, and the operating margin increasing to 22.71%.






 

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Profire Energy Inc does not provide revenue guidance.

Earnings Outlook
Profire Energy Inc does not provide earnings estimates.

 
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