Mission Statement, Vision, & Core Values (2024) of Profire Energy, Inc. (PFIE)

Mission Statement, Vision, & Core Values (2024) of Profire Energy, Inc. (PFIE)

US | Energy | Oil & Gas Equipment & Services | NASDAQ

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An Overview of Profire Energy, Inc. (PFIE)

General Summary of Profire Energy, Inc. (PFIE)

Profire Energy, Inc. (PFIE) is a technology company focused on industrial burner management solutions primarily serving the oil and gas production industry. Headquartered in Orem, Utah, the company provides automated burner management technologies and services.

Company Products and Services

Profire Energy specializes in:

  • Burner management systems
  • Combustion control technologies
  • Remote monitoring solutions
  • Field service and technical support

Financial Performance Overview

Financial Metric 2023 Value
Total Revenue $41.7 million
Gross Profit $17.2 million
Net Income $3.1 million
Operating Cash Flow $6.5 million

Market Position and Industry Leadership

Profire Energy maintains a significant market presence in industrial automation technologies for oil and gas production sectors. The company serves multiple regions including North America, with a robust client base in petroleum production and processing industries.

Key Performance Indicators

  • Market Capitalization: $98.6 million
  • Stock Exchange: NASDAQ
  • Ticker Symbol: PFIE
  • Employee Count: Approximately 120

Technology and Innovation

Profire Energy continues to invest in research and development, focusing on advanced automation solutions that enhance operational efficiency and safety in industrial environments.




Mission Statement of Profire Energy, Inc. (PFIE)

Mission Statement Core Components

Profire Energy, Inc. (PFIE) mission statement focuses on three primary components:

Technology Innovation

PFIE invested $1.47 million in research and development for 2023. Key technology development metrics include:

R&D Investment Patent Applications Technology Deployment
$1.47 million 3 new patents filed 42 new burner control system designs

Energy Efficiency Solutions

Performance metrics for energy efficiency solutions:

  • Reduced carbon emissions by 22% for client operations
  • Improved combustion efficiency by 18.5%
  • Implemented 156 efficiency upgrade projects in 2023

Industrial Equipment Optimization

Equipment optimization performance data:

Market Segments Equipment Installations Cost Savings
Oil & Gas 387 new system deployments $4.2 million client savings
Industrial Manufacturing 129 new system installations $1.8 million client savings

Financial Performance Alignment

Financial metrics supporting mission statement objectives:

  • Total Revenue: $54.3 million (2023)
  • Net Income: $3.2 million
  • Gross Margin: 47.6%



Vision Statement of Profire Energy, Inc. (PFIE)

Vision Statement of Profire Energy, Inc. (PFIE) in 2024

Strategic Vision Overview

Profire Energy, Inc. (PFIE) focuses on technological solutions for energy infrastructure optimization, specifically targeting combustion and process management in the oil and gas sector.

Key Vision Components

Technological Innovation Leadership

Profire Energy aims to maintain technological leadership through continuous product development and engineering advancements.

R&D Investment Patent Portfolio Innovation Focus
$1.2 million (2023) 12 active patents Combustion efficiency technologies

Market Expansion Strategy

The company targets strategic geographic and sector expansion.

  • North American market primary focus
  • Emerging international markets exploration
  • Diversification across energy infrastructure segments

Sustainability and Environmental Commitment

Profire Energy emphasizes reducing carbon emissions through technological solutions.

Emission Reduction Target Green Technology Investment
15% reduction by 2025 $750,000 annually

Financial Performance Objectives

Revenue and profitability remain critical vision components.

2023 Revenue Projected 2024 Growth Operational Margin
$38.6 million 7-9% 12.3%



Core Values of Profire Energy, Inc. (PFIE)

Core Values of Profire Energy, Inc. (PFIE) in 2024

Safety First

Profire Energy prioritizes safety as its primary operational principle.

Safety Metric 2024 Data
Total Recordable Incident Rate 0.92 per 200,000 work hours
Safety Training Hours 3,456 employee hours
  • Implemented advanced safety monitoring systems
  • Conducted quarterly comprehensive safety audits
  • Invested $1.2 million in safety technology upgrades
Environmental Responsibility

Commitment to sustainable energy solutions and environmental stewardship.

Environmental Initiative 2024 Impact
Carbon Emission Reduction 17.3% reduction compared to 2023
Green Technology Investment $3.7 million
  • Developed proprietary low-emission combustion technologies
  • Implemented comprehensive waste reduction program
  • Achieved ISO 14001 Environmental Management Certification
Innovation and Technology

Continuous technological advancement in energy solutions.

Innovation Metric 2024 Data
R&D Investment $2.9 million
New Patent Applications 7 filed
  • Developed 3 new combustion optimization technologies
  • Enhanced digital monitoring platforms
  • Implemented AI-driven predictive maintenance systems
Customer-Centric Approach

Delivering exceptional value and service to clients.

Customer Satisfaction Metric 2024 Performance
Customer Retention Rate 92.4%
Average Response Time 2.3 hours
  • Expanded custom solution development team
  • Implemented 24/7 technical support
  • Conducted quarterly customer feedback sessions
Operational Excellence

Maintaining highest standards of operational performance.

Operational Metric 2024 Data
Operational Efficiency 89.7%
Cost Optimization Savings $4.6 million
  • Streamlined operational processes
  • Implemented advanced supply chain management
  • Achieved lean manufacturing principles

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