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0 -0.0384615384615385 -0.0164835164835165 0.065934065934066 0.0384615384615385 -0.0164835164835165 -0.0054945054945055 -0.0054945054945055
Stock impact report

Profire Energy Reports Financial Results for First Quarter 2024

Profire Energy, Inc. (PFIE) 
Last profire energy, inc. earnings: 3/11 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: profireenergy.com/company/investors.html
Company Research Source: GlobeNewswire
LINDON, Utah, May 08, 2024 (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, 2024. A conference call will be held on Thursday, May 9, 2024 at 8:30 a.m. ET to discuss the results. First Quarter Summary (comparisons to prior-year quarter) Revenue of $13.6 million, compared to $14.7 millionGross profit of $6.8 million, compared to $7.8 millionGross margin of 49.5%, compared to 53.3%Net income of $1.4 million, or $0.03 per diluted share, versus $2.6 million and $0.05Generated EBITDA of $2.0 million, versus $3.6 millionCash and investments of $16.2 million with no debt "Our first quarter results reflect the continued underlying strength of our legacy business and expansion of our diversification efforts, despite lapping the third best Show less Read more
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