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Stock impact report

Profire Energy Reports Financial Results for Second Quarter Fiscal Year 2022

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, Aug. 04, 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 reported financial results for its second quarter ending June 30, 2022. A conference call will be held on Friday, August 5, 2022, at 8:30 a.m. ET to discuss the results. Second Quarter Summary Revenue of $9.6 million, a 60% increase from prior-year quarterGross margin improved 170 basis points year-over-year to 45.7%Net income of $284,829 or $0.01 per diluted shareGenerated EBITDA of $569,4121Repurchased 451,590 shares of stockNon-Oil and Gas revenue is on track to exceed $1 million for the fiscal year, more than tripling our previous year's results “Our second quarter results reflect continued progress within our historical business segments and into new markets. Revenues increased sequentially for the fifth consecutive quarter, and we repo Show less Read more
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