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Stock impact report

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

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, March 13, 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 fourth quarter and full fiscal year ending December 31, 2023. A conference call will be held on Thursday, March 14, 2024, at 8:30 a.m. ET to discuss the results. Full-year Fiscal 2023 Summary Revenue of $58.2 million, a 27% increase from prior yearGross profit of $30.5 million or 52.5% of total revenuesNet income of $10.8 million or $0.22 per diluted shareGenerated EBITDA of $13.2 millionRepurchased 1.2 million shares of stock for $2 millionCash and liquid investments of $20 million and remained debt-free Fourth Quarter Summary Revenue of $14.4 million, compared to $14 million in the prior year quarterGross profit of $7.8 million, a 19% increase compared to 4Q22Gross margin of 54.3%, a 730 basis p Show less Read more
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