Profire Energy

Profire Energy Reports Financial Results for Fourth Quarter and Full Fiscal Year 2023

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Wednesday, March 13, 2024

Profire Energy, CFO, G&A, Public expenditure, Hydrocarbon, Traction, Safety, Depreciation, Total, Video game

Total revenues for the period equaled $14.4 million, compared to $14.8 million in the third quarter of 2023 and $14.0 million in the prior-year quarter.

Key Points:

Total revenues for the period equaled $14.4 million, compared to $14.8 million in the third quarter of 2023 and $14.0 million in the prior-year quarter.
Gross profit was $7.8 million, compared to $7.5 million in the third quarter of 2023 and $6.6 million in the prior-year quarter.
Gross margin was 54% of revenues, compared to 50.4% of revenues in the prior quarter and 47.0% of revenues in the fourth quarter of 2022.
Total operating expenses were $5.0 million, compared to $4.9 million in the third quarter of 2023 and $4.3 million in the year-ago quarter.

Profire Energy to Present and Host Investor Meetings at the 15th Annual Southwest IDEAS Investor Conference on November 16th

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Thursday, November 9, 2023

Learning, Profire Energy, Safety, IDEAS, Conference, Nursing

LINDON, Utah, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today announced that Ryan Oviatt, Co-Chief Executive Officer and Chief Financial Officer, & Cameron Tidball, Co-Chief Executive Officer, will present at the Southwest IDEAS Investor Conference on Thursday, November 16, 2023 at 1:45pm CT and host one-on-one meetings throughout the day.

Key Points:

LINDON, Utah, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today announced that Ryan Oviatt, Co-Chief Executive Officer and Chief Financial Officer, & Cameron Tidball, Co-Chief Executive Officer, will present at the Southwest IDEAS Investor Conference on Thursday, November 16, 2023 at 1:45pm CT and host one-on-one meetings throughout the day.
The presentation will be webcast and may be accessed through the conference host’s main website: www.IDEASconferences.com .
Qualified investors interested in attending or learning more about the IDEAS conferences should contact Steven Hooser at (214) 872-2710 or [email protected].

Profire Energy Reports Financial Results for Third Quarter 2023

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Wednesday, November 8, 2023

G&A, R, Traction, Depreciation, CFO, Safety, Total, Film industry, Fossil fuel, Bookkeeping, Video game, Broadcasting, Profire Energy

LINDON, Utah, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its third quarter ending September 30, 2023.

Key Points:

LINDON, Utah, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its third quarter ending September 30, 2023.
Gross profit was $7.5 million, compared to $7.4 million in the second quarter and $6.1 million in the third quarter of 2022.
Gross margin was 50.4% of revenues, compared to 51.3% of revenues in the prior quarter and 47.7% of revenues in the prior-year quarter.
Total operating expenses were $4.9 million, compared to $4.2 million in the second quarter of 2023 and $4.0 million in the year-ago quarter.

Profire Energy to Participate in 4th Annual Dawson James Small Cap Growth Conference on October 12th

Retrieved on:

Friday, October 6, 2023

Profire Energy, Safety, Conference, Financial adviser

LINDON, Utah, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today announced that Ryan Oviatt, Co-Chief Executive Officer and Chief Financial Officer, & Cameron Tidball, Co-Chief Executive Officer, will present and host one-on-one meetings at the 4th Annual Dawson James Small Cap Growth Conference Thursday, October 12, 2023 at 3:00pm ET.

Key Points:

LINDON, Utah, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today announced that Ryan Oviatt, Co-Chief Executive Officer and Chief Financial Officer, & Cameron Tidball, Co-Chief Executive Officer, will present and host one-on-one meetings at the 4th Annual Dawson James Small Cap Growth Conference Thursday, October 12, 2023 at 3:00pm ET.
The presentation will be webcast and may be accessed here or through the “Investor Relations” section of the Profire website.
Qualified investors interested in attending or scheduling a meeting with management should contact their Dawson James representative.

Profire Energy Reports Financial Results for Second Quarter 2023

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Wednesday, August 9, 2023

Food, Profire Energy, Share repurchase, G&A, Critical Energy Infrastructure Information, EBITDA, Traction, Investment, CFO, Depreciation, R, Total, Safety, Automation, Renewable energy, Video game, Broadcasting

LINDON, Utah, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its second quarter ending June 30, 2023.

Key Points:

LINDON, Utah, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its second quarter ending June 30, 2023.
“Our second quarter results reflect the sustained momentum across our business which contributed to a 50 percent increase in revenue over the prior year and the highest quarterly net income and EBITDA in company history,” said Ryan Oviatt, Co-Chief Executive Officer and CFO of Profire Energy.
Gross profit was $7.4 million, compared to $7.8 million in the first quarter and $4.4 million in the second quarter of 2022.
Total operating expenses were $4.2 million, compared to $4.5 million in the first quarter of 2023 and $4.3 million in the year-ago quarter.

Profire Energy Sets Second Quarter 2023 Conference Call for Thursday, August 10, 2023 at 8:30 a.m. ET

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Wednesday, July 26, 2023

Security (finance), Securities and Exchange Commission of Pakistan, Profire Energy, Financial result, Safety, Cryptocurrency

ET to discuss results for its 2023 second quarter ended June 30, 2023.

Key Points:

ET to discuss results for its 2023 second quarter ended June 30, 2023.
Financial results are expected to be filed with the Securities and Exchange Commission and reported in a press release prior to the conference call.
Profire Energy Co-CEO and CFO Ryan Oviatt and Co-CEO Cameron Tidball will host the presentation, followed by a question-and-answer period.
ET.

Profire Energy Reports Financial Results for First Quarter 2023

Retrieved on:

Tuesday, May 9, 2023

Profire Energy, G&A, Traction, Investment, CFO, Depreciation, Growth, R, Total, Safety, Video game, Car rental, Broadcasting

LINDON, Utah, May 09, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its first quarter ending March 31, 2023. A conference call will be held on Wednesday, May 10, 2023 at 8:30 a.m. ET to discuss the results.

Key Points:

LINDON, Utah, May 09, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its first quarter ending March 31, 2023.
Gross profit was $7.8 million, compared to $6.6 million in the fourth quarter of 2022 and $4.6 million in the prior-year quarter.
Total operating expenses were $4.5 million, compared to $4.3 million in the fourth quarter of 2022 and $3.9 million in the year-ago quarter.
“Our first quarter 2023 results built upon the momentum we generated in the second half of 2022, recording our second-highest quarterly revenue in company history once again,” stated Cameron Tidball, Co-CEO of Profire Energy.

Profire Energy Reports Financial Results for Fourth Quarter and Full Fiscal Year 2022

Retrieved on:

Wednesday, March 8, 2023

Share repurchase, Growth, Public expenditure, Profire Energy, R, COVID-19, Total, Safety, Hydrocarbon, Depreciation, G&A, CFO, Video game, Reinsurance, Music

LINDON, Utah, March 08, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its fourth quarter and full fiscal year ending December 31, 2022.

Key Points:

LINDON, Utah, March 08, 2023 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its fourth quarter and full fiscal year ending December 31, 2022.
Gross profit was $6.6 million, compared to $6.1 million in the third quarter of 2022 and $3.4 million in the prior-year quarter.
Gross margin was 47.0% of revenues, compared to 47.7% of revenues in the prior quarter and 41.6% of revenues in the fourth quarter of 2021.
Total operating expenses were $4.3 million, compared to $4.0 million in the third quarter of 2022 and $3.7 million in the year-ago quarter.

Profire Energy to Present and Host Investor Meetings at the 14th Annual Southwest IDEAS Investor Conference on November 17th

Retrieved on:

Tuesday, November 8, 2022

GLOBE, Learning, Profire Energy, Webcast, Efficiency, NASDAQ, Solution, Safety, Acheson, Company, IDEAS, Conference, Engineering, Petroleum

The presentation will be held in person and webcast LIVE at 10:15am CT.

Key Points:

The presentation will be held in person and webcast LIVE at 10:15am CT.
Qualified investors interested in attending or learning more about the IDEAS conferences should contact Steven Hooser at (214) 872-2710 or [email protected].
It has an experienced team of sales and service professionals that are strategically positioned across the United States and Canada.
Profire has offices in Lindon, Utah; Victoria, Texas; Homer, Pennsylvania; Millersburg, Ohio; and Acheson, Alberta, Canada.

Profire Energy Announces Preliminary Third Quarter 2022 Revenue Range of $12.5 to $12.7 Million

Retrieved on:

Monday, October 10, 2022

LINDON, Utah, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today announced, after a preliminary review of its third quarter 2022 results, revenue is estimated to be between $12.5 million and $12.7 million, compared to $9.6 million in the second quarter of 2022.

Key Points:

LINDON, Utah, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today announced, after a preliminary review of its third quarter 2022 results, revenue is estimated to be between $12.5 million and $12.7 million, compared to $9.6 million in the second quarter of 2022.
Revenue related to the companys diversification efforts is expected to double on a sequential quarterly basis to approximately $1 million, or roughly 8% of revenue.
Recognizing $1 million in revenue from these initiatives in the quarter is a meaningful achievement for the Company and we anticipate reporting additional progress in the future.
The Company plans to report its full third quarter results and host its earnings conference call in the first week of November.