Profire Energy +4.8% following solid FQ4 results

|About: Profire Energy, Inc. (PFIE)|By:, SA News Editor

Profire Energy (PFIE +4.8%) shares march higher after the maker of burner management systems for oil and gas operators reported solid FQ4 results last night, with earnings and revenue growing and operating margin expanding into the mid-20% range.

After-tax net income for the 12 months ended March 31 rose to a record $5.6M, or $0.12/share, up from a $1.4M profit during the previous fiscal year when it earned $0.03/share; analysts, however, on average were looking for PFIE to produce a $0.13 profit in FY 2014.

Revenue more than doubled from the prior year to $35.4M, topping the Street view by ~$500K.