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Profire Energy (PFIE)
NASDAQ:PFIE
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.05Last Year’s EPS
0.07Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 1.20%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
Profire Energy demonstrated strong performance with record service revenue and effective diversification efforts. While revenue and margin growth are positive, increased operating expenses and cash flow challenges pose concerns. The legacy business continues to face fluctuating oil prices and M&A impacts.Company Guidance
During the Q2 2024 earnings call for Profire Energy, executives Ryan Oviatt and Cameron Tidball provided optimistic guidance, highlighting several key metrics. The company reported approximately $15.2 million in revenue, marking the second highest quarterly revenue in its history, with a gross margin of 52% and a net income of $2.1 million. Diversified revenue accounted for 15% of total revenue, showing significant growth from the previous year. The company emphasized strong performance in its service revenue, the highest in company history, and success in diversification efforts, with non-oil and gas revenue increasing by nearly 230% quarter-over-quarter. Profire remains optimistic about matching or exceeding first-half performance into 2025, driven by strategic growth in traditional and diversified markets, including critical energy infrastructure and downstream industrial sectors. The company ended the quarter with $18.4 million in cash and liquid investments, maintaining a debt-free position, and announced the continuation of a stock repurchase program.Second Highest Quarterly Revenue in Company History
Profire Energy reported approximately $15.2 million in revenue for Q2 2024, representing the second-best quarter in the company's history, with an increase from $13.6 million in Q1 2024 and $14.6 million in Q2 2023.
Strong Gross Margin and Net Income
Gross margin was 52% of revenues, up from 50% in Q1 2024 and 51% in Q2 2023. Net income for Q2 2024 was approximately $2.1 million, or $0.04 per diluted share.
Record Service Revenue
The company generated the highest quarterly service revenue in its history, contributing significantly to overall growth.
Successful Diversification Efforts
Diversification revenue in Q2 2024 exceeded Q1 by nearly 40%, with revenue from non-oil and gas increasing by nearly 230% quarter-over-quarter, accounting for just over 15% of total revenue.
Strong Balance Sheet
Profire ended the quarter with $18.4 million in cash and liquid investments and remains debt-free.
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PFIE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PFIE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $2.51 | $2.51 | 0.00% |
| Aug 07, 2024 | $1.43 | $1.67 | +16.78% |
| May 08, 2024 | $1.92 | $1.54 | -19.79% |
| Mar 13, 2024 | $1.68 | $1.75 | +4.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Profire Energy (PFIE) report earnings?
Profire Energy (PFIE) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Profire Energy (PFIE) earnings time?
Profire Energy (PFIE) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PFIE EPS forecast?
PFIE EPS forecast for the fiscal quarter 2024 (Q4) is 0.05.
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