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Company Recognizes Second-Best Year in Company History with Revenues up 86% YOY to $38.2 million
Net Income up over 700% to $4.4 Million or $0.09 Per Share
Maybe the high and above $5.30 back in 2014... Much better situation now IMO. Multi year blue sky territory now with no real resistance...jmho and GLTU
so how high are you predicting?
Wow great earnings profile!
I added today! I am looking for a great quarter.
The only people buying this stock are Tearex and the rest of the Limperts.
back to the rag on a stick!
lol, happy new year, lolooll
me and poney are on the phoney.
she's pissed that you didn't try to one up me.
that can make for a bad yeast infection
my bad., corn pone is what I call my girlfriend. now I know the reason why she likes my bread so much.
I would have only wanted it had you referred to it as "corn pone". Otherwise you must be a yankee and know nothing about good cornbread.
I know a good cornbread recipe.
and you're still not getting it.
you didn't send me nuttin'.
be well.
thank you.
just how i feel.
I'm knee deep in things but had to thank you for such a beautiful note!
that's because were going back to lighting a WD-40 soaked rag on a stick for burner management again.
that and the fact this company's management is piss poor on its best day.
I feel sorry for the people who jumped in on those secondary offers after the Nasdaq gave the green light to this charade.
I was a believer, but not anymore. I don't complain about it too much because I never lost a dime here, I'm just upset that what I thought was a gem turned out to be a lump of carbon.
I still think what Boyd did to this ticker was wrong, but that was my wakeup call.
what I do with penny stocks stays with my penny stocks.
besides, we have bigger fish to fry. What's the price of tea in China? Is a bear catholic? Does the pope shit in the woods? Why do they let everyone with a handicap play golf? Why do we drive on a parkway only to park in a driveway?
these are deeper issues that we need to discuss somewhere else because PFIE is burnt toast.
edit: whoops, I forgot to say Happy New Year jugs!
So, Happy New Year jugs!
It sure has been quiet here!
Has this stock pick been relegated to the "Who cares?" department?
Could not agree with you more.
I've never felt the company gives a hoot about shareholders. They caught an uplifting breeze from Zack's a couple of years ago and that was a sign for me to vacate as I seldom find I am in agreement with their analytics.
The management culture in this company is extremely suspect in my opinion.
still a turdley.
seven years and still floating on all the investors cash.
what a waste.
It’s a $2 micro cap stock in a shitty oil market. Lower your expectations a bit. Regular basis? As in dividends? Again, read above. It’s gained 40% in the last month. Did you make nothing off of that? If so, start investing your money in something easier for you to understand.
A turdley......is a good name for this company. However, having said that, it has broken through resistance this week. Not that I'd buy any more of this though......
I expect a return from my investments. PFIE has yet to reward investors on a regular basis.
Slow and steady growth here. Potential BO opportunity as well. They have many patents
They are a small growing company. The rise in share value and the speculation it will continue to grow makes it desirable. They can’t pay dividends or distributions (same thing)as small as they are. They have no debt and are expanding sales teams. Growth is what is desirable here.
well, bust my buttons!
2 dollars.....
may wonders never cease.
PFIE has been scoring some points in the earnings area. And the share valuation has risen accordingly.
Something I'd be considering before jumping on the bandwagon:
How doe the company's elevated valuation make my ownership of a position desirable?
I'm not seeing it as the company doesn't pay dividends, makes no distributions and doesn't appear to be doing things to enrich shareholders.
Yeah, I came to that conclusion myself with a little nudging this time.
I've had money tied up here for too long and it isn't going back to 5 anytime soon.
I wasn't talking about profit. You read the chart and told me it could test 2 and for some strange reason I trust you.
I was urged by my guy to put this money somewhere else(like a real growing company), so I'm lowering my exit point from 2 da moon to 2 dollars.
I could sell now for a decent profit but my time at iHub has taught me that greed is good.
Hang on there, don't think I ever said anything about profit. I'm just reading the chart
I'm with you on this. When I look at management I realize I'm unable to do so because there's no meaningful unselfish group leading this farce.
It's destined to go nowhere but sideways with an occasional blip higher only to return to the depths of that lower shelf where it will stay for years. There are so many real opportunities out there, small wonder this pig ain't goin' nowhere!
I don't think any of it will happen.
this is just a result of the share buyback.
derf just said 2.
I never doubted derf.
In your opinion, what would drive the company's bottom line considerably higher, given that energy is in a nasty slump at this point in time?
Part 2 of the question:
How will this translate into profitability for share holders?
Part 3 is an obvious one:
When will this take place? Thanks for your input.
thanks. this one has always been a bit goofy for me.
Really thought it was a gem. but
they do the right things at the wrong time.
I've been hanging on to some.
I'll set my limit at 2 and see where they go.
Chart looks decent for a run to $2. Not gonna make anybody rich.
good report. maybe time again?
We used to have a couple of people around here that understood the business and visited with the company.
Unfortunately we don't hear from them much anymore, so please feel free to give the traders a reason.
I've been here since Profire started publicly trading on the OTC. I got here six years too early.
Have you ever visited the company. It is legit I personally know employees that work there. Please speak about something you know about.
SEC needs to shut this scam down. Company creates in own market by issuing shares then buying them back from the very people they issued them to. They influence/manipulate the price daily. If they're not selling/buying, there is no market. These guys aren't selling a damn thing other than stock
Your attitude is commendable, of course. The company hasn't shown character commensurate with yours.
That has me wondering if current management can ever hope to merit strong hands among their investors?
This is what pushed me to unload my small position ea.rly. I continue watching, mostly out of curiosity but also hoping there will be leadership changes as I believe only this will be the harbinger of future success.
I don't blame you, and I'm sorry you took a loss. It wasn't all candy and roses for me either.
I still hang around watching what could have been.
It's what I do.
My best to you Sone.
Thanks Jugs
If oil drops below $40 PFIE could go below a $1 again. So lick my wounds and walk away with 60% to put to work
Very smart move. You've been a strong player with courage and discipline. The company and its stock never deserved your gifts.
I'm glad you picked up your marbles to play elsewhere.
For what it may be worth---this probably will eventually fly but right now the whole energy sector is in the doldrums with Trump's boys yet to take definitive action on anything that might lighten the load. I believe it will happen, but we wait for now.
Best of good fortune to you!
Finally took the loss.. completely out now.. glta
Get off my lawn!
Holy crap you still here I thought you were long gone!!
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BOARD OF DIRECTORS
Brenton W. Hatch Brenton co-founded Profire Combustion, Inc. in 2002. Since that time he has served as the Chief Executive Officer and General Manager of the Company. He has been responsible for the day-to-day operations of Profire Combustion since its inception. Prior to founding Profire Combustion, between 2001 and 2002 he was a Management Consultant and General Manager of Titan Technologies, Inc., an oilfield service and distribution company in Edmonton, Alberta, Canada. In this position, he performed an in-depth analysis of the operations and management of all divisions of Titan Technologies. Based on his analysis, company-wide operational changes were implemented to improve company performance. From 1989 to 2000 he served as President and Chief Executive Officer of Keaton International, Inc., an educational services company based in Edmonton, Alberta, Canada. He managed all executive functions of the company and particularly focused on the development and management of the company's educational services. During his time at Keaton International, Brenton led corporate networking and marketing campaigns world-wide. He earned a Bachelor's Degree in Education from the University of Alberta in 1974. He is not, nor has he in the past five years been a nominee or director of any other SEC registrant or registered investment company. We considered Mr. Hatch's experience as a founder and as the principal executive officer of Profire Combustion, as well as his previous management and operational oversight experience in concluding that he should serve as a director of the Company. Harold Albert
Harold co-founded Profire Combustion, Inc. in 2002. He has served as the President and Chief Operating Officer of Profire Combustion since that time. Harold is responsible for research and development of new products and services. He oversees our Canadian operations. Prior to founding Profire Combustion, he worked in the oil services industry for Titan Technologies, Inc. from 1996 to 2002. During that time he served as an Associate Manager overseeing the company's burner division. From 1993 to 1996 he was employed with Natco Canada doing start up and commissioning of oil and gas facilities in both Canada and Russia. Harold is not, nor has he in the past five years been, a nominee or director of any other SEC registrant or registered investment company. We considered Mr. Albert's experience as a founder and principal operating officer, combined with his previous management and operational experience in concluding that he should serve on the Company's board of directors. Andrew Limpert
Andrew graduated from the University of Utah with a Bachelors of Science degree in Finance in 1994. He earned a Masters of Business Administration with an emphasis in Finance from Westminster College in 1998. He joined The Flooring Zone, Inc. in November 2007. From 1998 to 2008, Andrew was an investment advisor with Belsen Getty, LLC, providing wealth management direction and strategic and financial advice for several investment banks. For the past 15 years he has founded, consulted on and funded numerous businesses in the private and public arenas. In 2007 he became the chairman of the board of directors of Nine Mile Software Inc., a rebalancing and mutual fund trading software developer. Nine Mile Software became an SEC registrant during 2008. He resigned as Chairman of Nine Mile in April of 2011. During the past five years he has also served as a director of Ohr Pharmaceutical Inc., a New York based biotech incubator. Ohr Pharmaceutical is also an SEC registrant. In April 2010 he resigned as an officer and director of Ohr Pharmaceutical. Andrew is not, nor has he in the past five years been, a nominee or director of any registered investment company. We considered Mr. Limpert's extensive investment experience and his related finance and educational background in concluding that he should serve on the Company's board of directors. |
INVESTOR FACT SHEET (2011 ANNUAL)
OUR OPPORTUNITY |
| March 31, 2011. | March 31, 2010. | Change |
Revenues | $8,033,926 | $5,912,350 | 35.8% |
EBITDA | $2,423,580 | $1,942,156 | 24.7% |
Net Income | $1,626,463 | $1,279,275 | 27.1% |
Earnings Per Share | $0.04 | $0.03 | 33% |
Accounts Receivables | $2,294,780 | $1,092,037 | 110% |
Total Assets | $5,998,864 | $4,215,952 | 42.3% |
The Profire 2100 Burner Management System is developed to exceed the industry standard with each detail carefully designed to meet the stringent CSA and UL codes, while at the same time providing an intuitive and clear management menu for easy operation. From the industry leading stackable expansion modules to the technician designed layout and interface, every detail has been carefully scrutinized to provide the finest and most robust Burner Management System ever developed. Our team of qualified designers and engineers have spent years in the development of the 2100 and have created a BMS that will meet and exceed rigorous industry expectations.
Brenton W. Hatch (B. Ed) - President, Chairman and Chief Executive Officer
Andrew Limpert (B. Sc, MBA) - Chief Financial Officer
Harold Albert - Chief Operating Officer
Contact:
Profire Investor Relations
(801) 796-5127
Follow us on twitter@profirenews
Forward looking disclaimer: The information contained in this release includes forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward- looking statements with the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from those expressed or implied, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.
RECENT 10Ks for 2011-2012
Q1 June 2011 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8023836
Q2 September 2011 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8240284
Q3 January 2012 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8410674
Market Value1 | $45,000,000 | a/o Aug 12, 2011 |
Shares Outstanding | 45,000,000 | a/o Aug 05, 2010 |
Float | 6,000,000 | a/o May 09, 2011 |
Authorized Shares | Unlimited | a/o |
Par Value | 0.001 |
Shareholders of Record | 117 | a/o Jul 01, 2011 |
Short Interest | 0 (-100%) Jun 30, 2011 |
Significant Failures to Deliver | No |
OTC Stock Transfer, Inc. PROFIRE HOMEPAGE http://profireenergy.com/ FACEBOOK PAGE http://www.facebook.com/pages/Profire-Energy/110056225715986 |
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