Profire Energy, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 13, 2024 at 04:03 pm EDT
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Profire Energy, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 58.21 million compared to USD 45.94 million a year ago. Net income was USD 10.78 million compared to USD 3.95 million a year ago.
Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.08 a year ago.
Profire Energy, Inc. is a technology company. The Company is focused on the upstream, midstream, and downstream transmission segments of the oil and gas industry. It specializes in the engineering and design of burner and combustion management systems and solutions. The Companyâs applications include combustors, enclosed flares, gas production units, treaters, glycol and amine reboiler, indirect line heaters, heated tanks, and process heaters that require heat as part of its production and or processing functions. Its burner-management systems ignite, monitor, and manage pilot and burner systems that are utilized in its process. Its technology enables remote operation, reducing the need for employee interaction with the appliance's burner for purposes, such as re-ignition or temperature monitoring. The Company's systems and solutions are used by exploration and production companies (E&P), midstream operators, pipeline operators, as well as downstream transmission and utility providers.
PROFIRE ENERGY, INC. 
