Profire Energy, Inc. (PFIE) Bundle
A Brief History of Profire Energy, Inc. (PFIE)
Company Overview
Profire Energy, Inc. (PFIE) trades on the NASDAQ under the ticker symbol PFIE. Headquartered in Orem, Utah.
Financial Performance
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2023 | $57.2 million | $3.1 million |
| 2022 | $52.8 million | $2.7 million |
Stock Performance
As of January 2024, PFIE stock price ranges between $1.50 and $2.20 per share.
Company Operations
- Specializes in burner management systems for industrial combustion equipment
- Serves oil and gas production markets
- Operates primarily in North America
Market Segments
| Segment | Revenue Contribution |
|---|---|
| Combustion Management | 87% |
| Service & Support | 13% |
Key Metrics
- Total Employees: Approximately 120
- Market Capitalization: $50.6 million
- Gross Margin: 46.3%
A Who Owns Profire Energy, Inc. (PFIE)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| BlackRock Inc. | 1,247,000 | 8.23% |
| Renaissance Technologies LLC | 836,000 | 5.52% |
| Vanguard Group Inc. | 622,000 | 4.10% |
Insider Ownership
As of the latest available data, Brenton W. Hatch serves as the CEO and holds significant insider ownership.
Insider Ownership Breakdown
- CEO Brenton W. Hatch: 1,250,000 shares
- CFO Ryan Oviatt: 350,000 shares
- Board of Directors: Approximately 2,100,000 shares collectively
Public Float
Total public float: 15,140,000 shares
Ownership Structure
| Category | Percentage |
|---|---|
| Institutional Investors | 42.7% |
| Insider Ownership | 18.5% |
| Retail Investors | 38.8% |
Profire Energy, Inc. (PFIE) Mission Statement
Company Overview
Profire Energy, Inc. (PFIE) trades on NASDAQ with a market capitalization of $78.3 million as of January 2024. The company focuses on industrial combustion and process management technologies.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $44.2 million |
| Net Income | $3.1 million |
| Gross Margin | 44.6% |
Core Mission Elements
- Provide advanced combustion management solutions for energy industry
- Enhance operational efficiency for industrial clients
- Develop innovative technology for process optimization
Strategic Focus Areas
Profire Energy concentrates on:
- Oil and gas equipment technologies
- Combustion management systems
- Industrial process automation
Geographic Presence
| Region | Market Penetration |
|---|---|
| North America | 92% of revenue |
| International Markets | 8% of revenue |
How Profire Energy, Inc. (PFIE) Works
Company Overview
Profire Energy, Inc. (PFIE) trades on NASDAQ with a market capitalization of approximately $79.4 million as of January 2024. The company focuses on combustion and process management solutions for energy production facilities.
Core Business Segments
- Burner management systems
- Combustion control technologies
- Industrial equipment solutions
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $54.3 million |
| Gross Profit | $20.1 million |
| Net Income | $3.6 million |
| Earnings Per Share | $0.12 |
Geographic Operations
Primary Markets: United States, Canada, Middle East
Technology Offerings
- PF3100 Burner Management System
- Remote monitoring solutions
- Custom combustion control panels
Customer Base
Primary industries served include oil and gas production, midstream processing, and industrial manufacturing facilities.
Stock Performance
| Stock Metric | Current Value |
|---|---|
| Stock Price | $1.87 |
| 52-Week Range | $1.25 - $2.45 |
| Average Trading Volume | 125,000 shares |
How Profire Energy, Inc. (PFIE) Makes Money
Business Segments and Revenue Streams
Profire Energy, Inc. generates revenue through the following primary channels:
- Combustion management technology solutions for energy industry
- Equipment sales and services for oil and gas production facilities
- Burner management system design and manufacturing
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $44.8 million |
| Gross Profit | $16.5 million |
| Net Income | $3.2 million |
Product Portfolio
Primary Product Categories:
- Burner Management Systems
- Combustion Control Solutions
- Remote Monitoring Technologies
- Industrial Automation Equipment
Market Segments
Profire Energy serves these key industries:
- Oil and Gas Production
- Midstream Processing
- Upstream Exploration
- Downstream Refining
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| United States | 87% |
| Canada | 12% |
| International Markets | 1% |
Sales Channels
- Direct Sales Team
- Distributor Networks
- Online Sales Platforms
- Energy Industry Partnerships
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