Seeking Alpha

Profire Energy +4.8% following solid FQ4 results

  • 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.
Comments (2)
  • phildevoyd
    , contributor
    Comments (118) | Send Message
     
    I do not understand why insiders would sell their stock at $4.00 in a secondary offering. After all, they surely had some idea of how well sales were going.
    1 Jul, 03:18 PM Reply Like
  • RestlessInTexas
    , contributor
    Comments (2) | Send Message
     
    Buy the shares at these levels and you'll make a mint! Profire is opening offices across West & South Texas!
    14 Jul, 08:25 PM Reply Like
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