Detail akcie Profire Energy online

Business Summary: Profire Energy, Inc. is a technology company. The Company is focused on the upstream, midstream, and downstream transmission segments of the oil and gas industry. It specializes in the engineering and design of burner and combustion management systems and solutions. The Company’s applications include combustors, enclosed flares, gas production units, treaters, glycol and amine reboiler, indirect line heaters, heated tanks, and process heaters that require heat as part of its production and or processing functions. Its burner-management systems ignite, monitor, and manage pilot and burner systems that are utilized in its process. Its technology enables remote operation, reducing the need for employee interaction with the appliance's burner for purposes, such as re-ignition or temperature monitoring. The Company's systems and solutions are used by exploration and production companies (E&P), midstream operators, pipeline operators, as well as downstream transmission and utility providers.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Profire Energy, Inc. revenues increased 27% to $58.2M. Net income increased from $3.9M to $10.8M. Revenues reflect Canada segment increase of 86% to $15.7M, United States segment increase of 13% to $42.5M. Net income benefited from Research and development decrease of 36% to $917K (expense), Interest income increase from $177K to $390K (income).