---
schema_version: "secwatch.filing_event.v1"
accession: "0001289636-24-000021"
form_type: "8-K"
ticker: null
cik: "0001289636"
company_name: "PROFIRE ENERGY INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:51:20.835379+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001289636-24-000021
- form_type: 8-K
- cik: 0001289636
- company_name: PROFIRE ENERGY INC
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289636/000128963624000021/0001289636-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289636/000128963624000021/pfie-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289636-24-000021
- JSON: https://secwatch.observer/filing/0001289636-24-000021.json
- Plain text: https://secwatch.observer/filing/0001289636-24-000021.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289636/000128963624000021/0001289636-24-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.