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Profire Energy Inc.  (PFIE)
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Profire Energy Inc's

Competitiveness


 

PFIE Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Profire Energy Inc reported Total Revenue increase in the 2 quarter 2022 by 59.64 % year on year.
The revenue growth was below Profire Energy Inc's competitors average revenue growth of 2768.28 %, recorded in the same quarter.

List of PFIE Competitors

With net margin of 2.96 % company achieved higher profitability than its competitors.

More on PFIE Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Profire Energy Inc. achieved net profit of $0.28 millions compare to net loss of $-0.40 millions recorded in same quarter a year ago.

<<  More on PFIE Income Comparisons


Profire Energy Inc's Comment on Competitors and Industry Peers


We believe most of the other companies in our industry have limited sales and service departments to both promote and support their products. Our competitors tend to be focused regionally, with operations that are limited to areas close to their headquarters. There are several companies marketing similar burner-management products. Some of our direct competitors include Combustex, SureFire, Platinum, and ACL.

While we believe price is a significant method of competition within our industry, we believe the most important competitive factors are performance, quality, reliability, durability, and installation/service expertise. To that end, we have primarily sought to first create high-quality and innovative products, then to constrain costs without compromising those primary characteristics. Relative to our competition, we believe our product-offering tends to be about average in price, but with above-average capability, reliability, and product-support.

We believe this quality-focused approach will help us continue to remain competitive in the industry. To help assure our customers of our commitment to quality and safety, our burner-management systems have been certified to comply with CSA and UL ratings. Additionally, because we were an early-mover in the burner-management market, we have the advantage of established relationships with both suppliers and customers, which help create a barrier to new entrants.





  

Overall company Market Share Q2 2022

Contrary to strong revenue growth of 59.64 % in Overall company, Profire Energy Inc lost market share within this segment.




<<  More on PFIE Market Share.
 
*Market share is calculated based on total revenue.


PFIE's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Profire Energy Inc. PFIE 44.42 34.00 1.00 79
Seacor Holdings Inc CKH 968 753.83 23.33 4,901
Tidewater Inc TDW 914 360.29 -17.65 0
Altera Infrastructure L p ALINPRA 0 1,151.26 -136.45 0
Knot Offshore Partners Lp KNOP 478 281.13 46.98 1
SUBTOTAL 2,403.86 2,580.87 -82.94 4,981
       
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