Profire Energy (PFIE) has released an update.
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Profire Energy, a technology company enhancing industrial combustion efficiency, safety, and reliability, reported a successful second quarter in 2024 with their revenue reaching $15.2 million, marking the second highest in the company’s history. The company saw an increase in gross profit to $7.9 million and remains debt-free with a strong cash balance, continuing its growth and share repurchase strategy.
For further insights into PFIE stock, check out TipRanks’ Stock Analysis page.