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Stock impact report

Profire Energy Reports Financial Results for First Quarter 2024 [Yahoo! Finance]

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: Yahoo! Finance
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 million Gross profit of $6.8 million, compared to $7.8 million Gross 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 $0.05 Generated EBITDA of $2.0 million, versus $3.6 million Cash 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 quarterly revenue in company history and a significant decline in natural gas prices during th Show less Read more
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