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PFIE Profire Energy

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
CEO
Brenton Hatch
Employees
Incorporated
Location
Fiscal year end
Former names
Flooring Zone Inc, FLOORING ZONE INC
SEC CIK
Subsidiaries
Profire Combustion, Inc. • Prochem, ULC • Profire Holdings, LLC • Midflow Services, LLC ...
IRS number
200019425

PFIE stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 21
17 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 9.92M 9.92M 9.92M 9.92M 9.92M 9.92M
Cash burn (monthly) 184.68K (positive/no burn) 198.15K 226.24K 88.28K (positive/no burn)
Cash used (since last report) 664.38K n/a 712.8K 813.86K 317.58K n/a
Cash remaining 9.26M n/a 9.21M 9.11M 9.6M n/a
Runway (months of cash) 50.1 n/a 46.5 40.3 108.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 Colleen Larkin Bell Common Stock Payment of exercise Dispose F No No 0 14,211 0 141,880
18 Jun 21 Colleen Larkin Bell Common Stock Grant Acquire A No No 0 63,157 0 156,091
18 Jun 21 Spoehel Ronald R Common Stock Grant Acquire A No No 0 63,157 0 423,622
16 Jun 21 Shaw Daren Common Stock Grant Acquire A No No 0 63,157 0 456,458
4 Jun 21 Jay Grant Fugal Common Stock Grant Acquire A No No 0 28,636 0 68,140

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

34.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 29 33 -12.1%
Opened positions 3 8 -62.5%
Closed positions 7 4 +75.0%
Increased positions 8 7 +14.3%
Reduced positions 7 12 -41.7%
13F shares
Current Prev Q Change
Total value 18.85M 17.61M +7.1%
Total shares 16.69M 16.01M +4.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Pacific Ridge Capital Partners 2.14M $2.41M +28.4%
Victory Capital Management 2.12M $2.4M +129.1%
Royce & Associates 2.05M $2.31M 0.0%
AMP Ameriprise Financial 2.01M $2.28M -18.5%
Perkins Capital Management 1.57M $1.78M -3.5%
Renaissance Technologies 1.53M $1.73M -2.6%
Vanguard 1.09M $1.23M -38.4%
Everett Harris & Co 735.93K $832K +21.4%
Perritt Capital Management 678.51K $767K 0.0%
Tocqueville Asset Management 674.13K $762K 0.0%
Largest transactions
Shares Bought/sold Change
Victory Capital Management 2.12M +1.2M +129.1%
Vanguard 1.09M -679.2K -38.4%
Pacific Ridge Capital Partners 2.14M +472.75K +28.4%
AMP Ameriprise Financial 2.01M -456.97K -18.5%
RY Royal Bank Of Canada 450K +450K NEW
Precept Management 0 -320K EXIT
Millennium Management 33.05K -170.18K -83.7%
WFC Wells Fargo & Co. 165K +164.8K +80389.8%
Everett Harris & Co 735.93K +129.74K +21.4%
STT State Street 75.07K +75.07K NEW

Financial report summary

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Competition
Intertek
Management Discussion
  • Revenues for the quarter ended June 30, 2021, increased by 38% or $1,674,804 compared to the quarter ended June 30, 2020, which was mostly driven by improved customer demand associated with modest recoveries from the macro industry challenges and the effects of the COVID-19 pandemic. The average oil price during the three months ended June 30, 2021, was $66.19 per barrel compared to $27.96 per barrel for the same period of last year, representing an increase of 137%. Additionally, the second quarter of 2021 weekly average rig count for North America was 508 compared to 401 in the same period of last year, which represents an increase of 27%. Although oil prices have recovered from the historic lows of 2020, which was caused by a flood of supply from Russia and Saudi Arabia and a dramatic drop in global demand due to the COVID-19 pandemic, the operating environment in the second quarter of 2021 continued to be characterized by uncertainty surrounding economic recovery from the COVID-19 pandemic and geopolitical factors. This uncertainty continued to create strain in oil supply and demand dynamics. As a result of these extraordinary macro pressures and uncertainties, exploration and production companies have remained cautious and have not invested in new production like they were prior to the pandemic. Until our customers return to higher capital expenditure levels, our business is likely to continue to be adversely affected.
Content analysis
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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. freshman Avg
New words: assigned, bond, CD, circumstance, constitute, diversification, earned, EBITDA, entirety, event, exceed, job, metric, milestone, modest, reinvestment, source, target, text
Removed: accelerated, adjust, annually, April, burden, Chief, connection, discretion, expired, extended, fall, growth, implement, large, nasdaq, navigate, past, push, reduced, response, shell, state, trading