UPDATE: Profire Energy (PFIE) Posts Q4 Loss of 1c/Share; Guides FY16 Revenue Below Expectations

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Go back to UPDATE: Profire Energy (PFIE) Posts Q4 Loss of 1c/Share; Guides FY16 Revenue Below Expectations

Profire Energy Reports Financial Results for Fiscal Year 2015: Beats Revenue Guidance & Meets Net Income Guidance

June 15, 2015 4:20 PM EDT

LINDON, Utah, June 15, 2015 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (Nasdaq: PFIE), a technology company which creates, installs and services burner and chemical management solutions in the oil and gas industry, today reported financial results for its fiscal year ended March 31, 2015. A conference call will be held on Monday, June 15, 2015 at 5:00 p.m. EDT to discuss the results.

Fiscal 2015 Highlights vs. Same Year-ago Period

Total revenues increased 45% to record $51.2 millionGross profit up 36% to record $27.2 millionNet income up 3% to record $5.7 million or $0.11 cents per... More