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Profire Energy Inc (PFIE) delivers specialized burner management systems and combustion control technologies for industrial safety in the oil and gas sector. This news hub provides investors and industry professionals with essential updates on operational developments, regulatory compliance achievements, and strategic initiatives.
Access real-time announcements including earnings reports, technology innovations, and partnership updates. Our curated collection ensures you stay informed about PFIE's advancements in combustion efficiency solutions while monitoring their adherence to evolving environmental standards.
Key updates across multiple categories: financial performance disclosures, safety system enhancements, EPA compliance milestones, and executive leadership changes. Content is rigorously verified to maintain accuracy and relevance for both technical experts and general investors.
Bookmark this page for streamlined access to Profire Energy's latest developments. Combine regular monitoring with our historical archive to track the company's progress in improving industrial combustion safety across North American energy markets.
Profire Energy (PFIE) will hold a conference call on May 4, 2022, at 8:30 a.m. ET to discuss first-quarter results for 2022. The call will feature Co-CEOs Ryan Oviatt and Cameron Tidball and will include a Q&A session. Financial results will be filed with the SEC and shared before the call. Investors can access the call via toll-free and international dial-in numbers. A webcast of the call will also be available for replay.
Profire specializes in enhancing the efficiency and safety of industrial combustion appliances, primarily serving the oil and gas industry.
Profire Energy (NASDAQ: PFIE) reported its fourth quarter and full-year fiscal 2021 results, marking a significant recovery post-pandemic. Fourth-quarter revenue reached $8.3 million, up 47% year-over-year, and gross profit was $3.4 million, yielding a gross margin of 41.6%. Despite a net loss of $145,123, the company generated positive EBITDA of $40,951. For the full year, revenues increased 23% to $26.4 million, with a net loss reduced to $1.1 million. Profire maintains a strong balance sheet with $17.5 million in cash and remains debt-free.
Profire Energy, Inc. (NASDAQ: PFIE) will hold a conference call on March 9, 2022, at 8:30 a.m. ET to discuss its financial results for the fiscal year ending December 31, 2021. Co-CEOs Ryan Oviatt and Cameron Tidball will lead the discussion, followed by a Q&A session. Investors can join via dial-in or by webcasting. Replay options will be available following the call. Profire Energy focuses on solutions that enhance industrial combustion efficiency, primarily in the oil and gas sectors, while exploring applications in other industries.
Profire Energy (NASDAQ: PFIE) reported strong third-quarter fiscal 2021 results, with revenue reaching $6.9 million, a 15% sequential and 74% year-over-year increase. Gross profit was $3.1 million, representing a gross margin of 44.9%. The company achieved a net income of $92,000, a significant improvement from prior year losses. Cash and liquid assets amounted to $18.5 million, maintaining a debt-free status. The growth was attributed to recovering oil and gas demand and service resumption post-pandemic.
Profire Energy (NASDAQ: PFIE) will host a conference call on November 4, 2021, at 1:00 p.m. ET to discuss its third quarter financial results for the period ending September 30, 2021. The results will be filed with the Securities and Exchange Commission and reported prior to the call. Co-CEOs Ryan Oviatt and Cameron Tidball will lead the session, which will include a question-and-answer segment. Interested parties can access the call via dial-in numbers or a live webcast.
Profire Energy (NASDAQ: PFIE) announced a stock buyback program, authorizing up to $2,000,000 in common stock repurchases over the next 12 months, starting October 15, 2021. The board aims to return capital to shareholders, with purchases made at management's discretion based on market conditions and the company’s financial performance. The repurchase program may be suspended or modified based on various factors. Co-CEO Ryan Oviatt expressed confidence in the company’s value, suggesting the stock price does not reflect its true worth.
Profire Energy, a technology company focused on enhancing the efficiency and safety of industrial combustion appliances, will participate in the virtual Midwest IDEAS Investor Conference on August 25, 2021. Co-CEOs Ryan Oviatt and Cameron Tidball will present, available at 7:00 am CT. The event will be accessible online through the conference website. Profire Energy operates primarily within the oil and gas industry, with a commitment to improving environmental impact and expanding its solutions into other sectors. For more details, visit www.profireenergy.com.
Profire Energy (NASDAQ: PFIE) reported a sequential revenue increase of 18.5% to $6.0 million for Q2 2021, up from $5.1 million in Q1 2021. Gross profit rose to $2.7 million with a gross margin of 44.0%, a 130 basis points improvement from the previous quarter. The company posted a net loss of ($397,166), or ($0.01) per share. Cash and liquid investments totaled $19.1 million, maintaining a debt-free status. The results reflect recovery in demand and commodity prices in the oil and gas markets, alongside increased operating expenses due to reinvestments.
Profire Energy (NASDAQ: PFIE) will conduct a conference call on August 5, 2021, at 1:00 p.m. ET to discuss its Q2 2021 financial results, which will be released prior to the call. Co-CEOs Ryan Oviatt and Cameron Tidball will lead the presentation, followed by a Q&A session. Interested participants can join via a toll-free dial-in number or access a live webcast. A replay will be available for a limited time post-call. The company focuses on enhancing efficiency and safety in industrial combustion systems, servicing the oil and gas industry while exploring other applications for their technology.
Profire Energy (PFIE) reported its first-quarter 2021 financial results, noting revenue of $5.1 million, a decrease from $5.7 million in Q4 2020 and $7.4 million in Q1 2020. The gross profit was $2.2 million, with a gross margin of 42.7%. The company posted a net loss of $(601,500), or $(0.01) per share. However, it generated $1.8 million in operating cash flow and increased cash and liquid investments to $19.4 million while remaining debt-free. The leadership expressed optimism about market recovery as COVID-19 restrictions ease, leading to strategic reinvestments and growth opportunities.
