Profire Energy Q1 revenue $13.6M, net income $1.4M; both down YoY

PROFIRE ENERGY INC

2024-Q1 EPS reported $0.03 revenue$13,641,140

Revenue $13.6M vs $14.7M YoY; gross margin 49.5% vs 53.3%.
Net income $1.4M ($0.03 diluted EPS) vs $2.6M ($0.05) YoY.
EBITDA $2.0M vs $3.6M YoY; cash/investments $16.2M with zero debt.
Record two sequential quarters of total sales orders received.
Management highlights LNG/renewable natural gas expansion tailwinds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROFIRE ENERGY INC reported first quarter ending March 31, 2024 results: revenue $13.6 million, net income $1.4 million, EPS $0.03 per diluted share.

Period: first quarter ending March 31, 2024
Revenue: $13.6 million
Net income: $1.4 million
EPS: $0.03 per diluted share
Result: reported results

Exact text from the filing

31, 2024. A conference call will be held on Thursday, May 9, 2024 at 8:30 a.m. ET to discuss the results. First Quarter Summary (comparisons to prior-year quarter) • Revenue of $13.6 million, compared to $14.7 million • Gross profit of $6.8 million, compared to $7.8 million • Gross margin of 49.5%, compared to 53.3% • Net income of $1.4 million, or $0.03 per diluted

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Source: SEC EDGAR

accession 0001289636-24-000021

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