PROVIDING SAFETY, EFFICIENCY, & GROWTH FOR CUSTOMERS AND STAKEHOLDERS
INVESTING IN PROFIRE MEANS INVESTING IN LEADING CLEAN COMBUSTION TECHNOLOGY
WHO IS PROFIRE?
LEADING INNOVATIVE SAFETY & COMBUSTION TECHNOLOGY COMPANY
We provide combustion, control, & ESG solutions to industrial markets--primarily in the Oil & Gas industry. Currently, these markets of focus are rapidly expanding.
PRIMARY AREAS OF FOCUS
- ESG TECHNOLOGY BASED SOLUTIONS
- Helping our customers achieve their ESG initiatives
- Emissions reduction & monitoring
- Methane & VOC destruction
- REVENUE DIVERSIFICATION
- Supporting & pursuing technology applications in diversified industries.
- 2022 $2.8M, or 6% of total revenue. We believe we can exceed this amount in 2023.
- Other industries include: manufacturing, construction, agriculture, landfill, LNG, mining, power gen, water & waste water.
- PROTECT OUR LEGACY BUSINESS
- Oil and gas will remain critical to the worlds energy needs for the next several decades.
PROFIRE'S VISION:
To protect people, improve workplace safety and efficiency, and care for our environment.
PROFIRE'S MISSION:
We create purpose-built automation and safety control solutions that our customers love to use.
OUR HISTORY
2002
Founded in Edmonton, Alberta Canada as a service company working on combustion
equipment in oil fields
2002-2004
Observed severe lack
of safety in the oil field
combustion process
2005
Launched the first BMS (Burner Management System) controller after years of development
2014
Uplisted to the NASDAQ
2015-2017
Weathered the horrific industry downturn and remained cash flow positive while more than tripling the size of our customer base
2023
Weathered COVID, expanded outside oil & gas with 90,000 units produced
LOOKING FORWARD
Acquisitions & product development have triggered significant market share ownership, product dominance, and ongoing industry diversification
FINANCIAL METRICS
STOCK DETAILS | REVENUE BREAKDOWN | |||
STOCK PRICE (08/04/2023) | $1.41 | REVENUES (ttm) | $55.8M | |
Market Cap | $67.1M | Net Income (ttm) | $8.5M | |
Shares Outstanding¹ | ~47.6M | EPS (ttm) | $0.17 | |
Public Float (shares) | ~35.0M | EBITDA3 (ttm) | $12.3M | |
Insider Holdings | ~26.4% | EBITDA Margin3 (ttm) | 22.0% | |
Institutional Holdings² | ~51.5% | Cash & Investments (mrq) | $17.4M | |
Enterprise Value | $49.7M | Total Assets (mrq) | $61.3M | |
EV/Revenue (ttm) | 0.89x | Total Debt (mrq) | $0.0M | |
EV/EBITDA (ttm) | 4.1x | Total Liabilities (mrq) | $8.2M | |
Founded | 2002 | |||
Employees | ~115 |
QUARTERLY RESULTS
REVENUE, NET INCOME & CASH
QUARTERLY FIGURES
$14.0 | $14.6 | $14.4 | ||||||
$12.8 | ||||||||
Coronavirus | ||||||||
Pandemic | ||||||||
$8.3 | $9.5 | $9.6 | ||||||
$6.9 | ― $2.9 ― $3.7 | |||||||
― $0.1 ― $0.0 | ― $0.0 ― $0.0 | ― $0.6 ― $1.0 | ― $0.3 ― $0.6 | ― $1.2 | ― $2.4 | ― $1.8 ― $2.6 | ― $2.6 ― $3.6 | |
09/30/2021 | 12/31/2021 | 03/31/2022 | 06/30/2022 | 09/30/2022 | 12/31/2022 | 03/31/2023 | 06/30/2023 | |
Revenue | Net Income (after tax) | EBITDA (3) |
• (ttm) = trailing 12 months at Jun 30, 2023 | 1. Total shares outstanding at Aug 8, 2023 | ||
• | (mrq) = most recent quarter at Jun 30, 2023 | 2. | Institutional holdings per NASDAQ. |
• | Data Source: NASDAQ | 3. | See reconciliation of non-GAAP measures to GAAP measures at |
ir.profireenergy.com/company-information/presentations |
Strategic Pillars for Success
- Secure & Protect our Legacy Business
- Diversification of Revenue Streams in Oil & Gas
- Diversification of Revenue Streams in Other Industries
- Focus on People & Community
PROFIRE SOLUTIONS HELP OUR CUSTOMERS IMPROVE SAFETY, REDUCE EMISSIONS, AND DECREASE OPERATING COSTS
YOUR JOB IS TO MAKE SURE YOUR MONEY GROWS
WE'RE POSITIONED TO HELP YOU DO EXACTLY THAT
- Q2 2023 Revenue of $14.4M, 52% improvement YoY, 3rd best revenue quarter in company history
- Gross Profit of $7.4M or 51.3% of total revenue
- $17.4M of cash and liquid investments
- $2.8M of diversified revenue in FY 2022, 6% of total revenue, significant increase YoY
- Significant progress in other industries: manufacturing, construction, agriculture, landfill, LNG, mining, RNG, food & beverage, petrochemical, power gen, water & wastewater
- Proprietary technology built to support ESG initiatives
- 420+ years of combined combustion experience
INVEST IN LONG TERM | QUESTIONS? | |
GROWTH NOW | ||
CONTACT OUR INVESTOR | DOWNLOAD ADDITIONAL | |
RELATIONS TEAM | INVESTOR INFORMATION | |
CONTACT IR TEAM | DOWNLOAD DECK | |
OUR TECHNOLOGY & ITS IMPORTANCE
- The Profire BMS operates like a hightech, highly- specialized oilfield thermostat
- Monitors and manages the temperature of the vessel
- Can be monitored and managed remotely
KEY PRODUCTS
SOLUTIONS
CONTROLLERS
- PF2200
- PF3100
PRE-ASSEMBLED SOLUTIONS
- Fuel Trains
- Stands
- PRO-8
- PRO-QS
BURNERS
- M7
- M5
FLAME ARRESTORS
- Bullseye Flame
- Arrestor Housing
- Field Service & Maintenance
- Engineering
- Custom Packaged Solutions
Please refer to our important cautions regarding forward-looking statements.
They can be found in our investor presentation atir.profireenergy.com/company-information/presentations
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Disclaimer
Profire Energy Inc. published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 22:23:30 UTC.