Profire Energy is a technology company providing solutions that enhance the efficiency, safety, and reliability of industrial combustion appliances while mitigating potential environmental impacts related to the operation of these devices. It is primarily focused in the upstream, midstream, and downstream transmission segments of the oil and gas industry; however, the Company has commenced identifying applications in other industries where their solutions can likely add value. Profire specializes in the engineering and design of burner and combustion management systems and solutions used on a variety of natural and forced draft applications. Its products and services are sold primarily throughout North America. It has an experienced team of sales and service professionals that are strategically positioned across the United States and Canada. Profire has offices in Lindon, Utah; Victoria, Texas; Homer, Pennsylvania; Greeley, Colorado; Millersburg, Ohio; and Acheson, Alberta, Canada.
Company profile
Ticker
PFIE
Exchange
Website
CEO
Brenton Hatch
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Flooring Zone Inc, FLOORING ZONE INC
SEC CIK
Corporate docs
Subsidiaries
Profire Combustion, Inc. • Prochem, ULC • Profire Holdings, LLC • Midflow Services, LLC ...
IRS number
200019425
PFIE stock data
Latest filings (excl ownership)
8-K
Profire Energy Reports Financial Results for Third Quarter Fiscal Year 2022
2 Nov 22
10-Q
2022 Q3
Quarterly report
2 Nov 22
10-Q
2022 Q2
Quarterly report
4 Aug 22
8-K
Profire Energy Reports Financial Results for Second Quarter Fiscal Year 2022
4 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
17 Jun 22
SD
Conflict minerals disclosure
31 May 22
8-K
Profire Energy Provides Shareholder Ownership Update
12 May 22
10-Q
2022 Q1
Quarterly report
3 May 22
DEF 14A
Definitive proxy
28 Apr 22
8-K
Departure of Directors or Certain Officers
11 Apr 22
Transcripts
PFIE
Earnings call transcript
2022 Q2
5 Aug 22
PFIE
Earnings call transcript
2022 Q1
7 May 22
PFIE
Earnings call transcript
2021 Q4
9 Mar 22
PFIE
Earnings call transcript
2021 Q3
6 Nov 21
PFIE
Earnings call transcript
2021 Q2
8 Aug 21
PFIE
Earnings call transcript
2021 Q1
9 May 21
PFIE
Earnings call transcript
2020 Q4
11 Mar 21
PFIE
Earnings call transcript
2020 Q3
11 Nov 20
PFIE
Earnings call transcript
2020 Q2
9 Aug 20
PFIE
Earnings call transcript
2020 Q1
10 May 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 5.64 mm | 5.64 mm | 5.64 mm | 5.64 mm | 5.64 mm | 5.64 mm |
| Cash burn (monthly) | 592.99 k | 290.80 k | (no burn) | (no burn) | 606.11 k | 125.46 k |
| Cash used (since last report) | 2.58 mm | 1.26 mm | n/a | n/a | 2.64 mm | 545.63 k |
| Cash remaining | 3.06 mm | 4.38 mm | n/a | n/a | 3.00 mm | 5.09 mm |
| Runway (months of cash) | 5.2 | 15.0 | n/a | n/a | 5.0 | 40.6 |
Institutional ownership, Q3 2022
50.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 36 |
| Opened positions | 4 |
| Closed positions | 5 |
| Increased positions | 6 |
| Reduced positions | 12 |
| 13F shares | Current |
|---|---|
| Total value | 19.84 mm |
| Total shares | 23.66 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Askeladden Capital Management | 2.42 mm | $1.78 mm |
| AMP Ameriprise Financial | 2.26 mm | $1.92 mm |
| Victory Capital Management | 2.09 mm | $1.78 mm |
| Royce & Associates | 2.06 mm | $1.75 mm |
| AWM Investment | 2.01 mm | $1.71 mm |
| Pacific Ridge Capital Partners | 1.78 mm | $1.51 mm |
| Renaissance Technologies | 1.54 mm | $1.31 mm |
| Perkins Capital Management | 1.45 mm | $1.24 mm |
| WFC Wells Fargo & Co. | 1.38 mm | $1.18 mm |
| King Luther Capital Management | 1.28 mm | $1.09 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 22 | Patrick David Fisher | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 1,912 | 0.00 | 134,261 |
| 31 Dec 22 | Patrick David Fisher | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 2,132 | 0.00 | 136,173 |
| 31 Dec 22 | Ryan W Oviatt | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 10,233 | 0.00 | 368,048 |
| 31 Dec 22 | Ryan W Oviatt | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 9,091 | 0.00 | 378,281 |
| 15 Jun 22 | Colleen Larkin Bell | Common Stock | Grant | Acquire A | No | No | 1.31 | 59,541 | 78.00 k | 215,632 |
| 15 Jun 22 | Spoehel Ronald R | Common Stock | Grant | Acquire A | No | No | 1.31 | 59,541 | 78.00 k | 483,163 |
| 15 Jun 22 | Shaw Daren | Common Stock | Grant | Acquire A | No | No | 1.31 | 59,541 | 78.00 k | 515,999 |