Revenue Update on Profire Energy(NASDAQ:PFIE)

Profire Energy(NASDAQ:PFIE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 13, 2016. Company reported revenue of $4.54M. Analysts estimated a revenue of $6.74M. Earnings per share were $-0.01.

Profire Energy (PFIE) made into the market gainers list on Fridays trading session with the shares advancing 4.00% or 0.04 points. Due to strong positive momentum, the stock ended at $1.04, which is also near the day’s high of $1.0705. The stock began the session at $1 and the volume stood at 1,91,975 shares. The 52-week high of the shares is $1.43 and the 52 week low is $0.65. The company has a current market capitalization of $55 M and it has 5,33,16,134 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 19, 2016, Ryan W Oviatt (CFO) purchased 12,300 shares at $0.81 per share price.

Profire Energy Inc. is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. The Company specializes in the creation of burner-management systems used on a range of oilfield natural-draft fire tube vessels and primarily sells its products and services throughout North America. The Company designs assembles installs services and sells oilfield-management technologies. It operates in the United States and Canada segments. Its flagship products are burner-management systems that monitor and manage burners found throughout the industry. The Company also sells related products such as flare ignition systems fuel train components secondary air plates valve actuators solar packages and chemical-management systems. Its burner-management systems help ignite monitor and manage this burner flame. It also engaged in providing installation and maintenance services.

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