Profire Energy (PFIE) Reports Q2 Loss of $0.42

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Go back to Profire Energy (PFIE) Reports Q2 Loss of $0.42

Profire Energy Reports Financial Results for Second Quarter 2020

August 5, 2020 4:16 PM EDT

LINDON, Utah, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the "Company") which creates, installs and services burner management solutions in the oil and gas industry, today reported financial results for its second quarter ending June 30, 2020. A conference call will be held on Thursday, August 6, 2020 at 1:00 p.m. ET to discuss the results.

Second Quarter Summary

Recognized revenue of $4.4 million

Realized gross profit of $2.1 million or 47.9% of total revenues

Net loss of $808,503 or ($0.02) per share

Cash and liquid... More