All Star Economic News

[mmayr]

Profire Energy: PFIE (keep an eye on this one). I added a few shares to my own portfolio.

Nine-Month Summary (comparisons to prior-year period)

Revenue of $43.8 million, a 37% increase
Gross margin of 51.9%, a 470-basis point increase
Net income of $7.5 million, or $0.15 per diluted share, versus $2.1 million and $0.04
Generated EBITDA of $10.1 million, versus $4.0 million
“Our third quarter represents the fifth consecutive quarter of at least $12 million in revenue, and our 2nd highest quarterly revenue in company history,” said Ryan Oviatt, Co-Chief Executive Officer and CFO of Profire Energy. “We are on track to report the best annual revenue in our 21-year history and are optimistic about long-term prospects for our business. Hydrocarbon demand is expected to continue to grow in the coming years, which combined with the strength of oil and gas prices, will likely mean continued strong performance for Profire over this same period.”

Third Quarter 2023 Financial Results

https://ir.profireenergy.com/news-events/press-releases/detail/199/profire-energy-reports-financial-results-for-third-quarter