Profire Energy, Inc. (PFIE) financial statements (2022 and earlier)

Company profile

Business Address 321 SOUTH 1250 WEST, SUITE 1
LINDON, UT 84042
State of Incorp. NV
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3,58710,55012,00912,7694,31510,75911,913
Cash and cash equivalents8,1889,1299,92110,4759,1487,9208,022
Short-term investments1,0141,4212,0872,2942,3892,8393,891
Other undisclosed cash, cash equivalents, and short-term investments(5,615)   (7,222)  
Receivables6,4274,6973,8522,7793,7852,3982,439
Inventory, net of allowances, customer advances and progress billings7,1857,4737,9128,1058,4158,7818,996
Inventory7,1857,4737,9128,1058,4158,7818,996
Prepaid expense1,0251,1857738241,6782,1792,144
Assets held-for-sale, not part of disposal group    624  
Other current assets202268107153173  
Other undisclosed current assets5,8097596144216,845466 
Total current assets:24,23624,93225,26725,05125,83624,58225,493
Noncurrent Assets
Finance lease, right-of-use asset65202939506173
Property, plant and equipment11,18611,40211,72211,92612,02211,59511,572
Long-term investments and receivables8,2607,9407,1336,5896,0646,4516,192
Long-term investments8,2607,9407,1336,5896,0646,4516,192
Intangible assets, net (including goodwill)4,1294,1844,2404,2964,3514,4074,463
Goodwill2,5792,5792,5792,5792,5792,5792,579
Intangible assets, net (excluding goodwill)1,5491,6051,6611,7161,7721,8281,883
Deferred income tax assets163      
Total noncurrent assets:23,80223,54623,12322,85022,48722,51522,300
TOTAL ASSETS:48,03848,47848,39047,90148,32347,09647,792
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6952,9182,7442,3372,3762,0421,907
Accounts payable1,8231,4951,2579761,179981686
Accrued liabilities1,8721,4221,4871,3611,1971,0621,122
Taxes payable      99
Debt30213036394345
Total current liabilities:3,7252,9392,7742,3742,4152,0851,953
Noncurrent Liabilities
Long-term debt and lease obligation36  4132130
Finance lease, liability36  4132130
Liabilities, other than long-term debt136573602522523484543
Deferred income tax liabilities136573602522523484543
Total noncurrent liabilities:172573602527536505574
Total liabilities:3,8973,5113,3762,9002,9512,5902,526
Stockholders' equity
Stockholders' equity attributable to parent44,14144,96745,01445,00145,37244,50645,266
Common stock52525251515151
Treasury stock, value(6,108)(5,353)(5,353)(5,353)(5,353)(5,353)(5,353)
Additional paid in capital30,81930,72830,58330,39230,29330,20830,106
Accumulated other comprehensive loss(2,100)(2,083)(1,798)(2,017)(2,149)(2,874)(3,070)
Retained earnings21,47821,62321,53121,92822,52922,47423,531
Total stockholders' equity:44,14144,96745,01445,00145,37244,50645,266
TOTAL LIABILITIES AND EQUITY:48,03848,47848,39047,90148,32347,09647,792

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues8,2866,9436,0345,0925,6524,0004,359
Cost of revenue
(Cost of Goods and Services Sold)
(4,837)(3,824)(3,377)(2,918)(2,898)(2,480)(2,273)
Gross profit:3,4493,1192,6582,1752,7541,5202,087
Operating expenses(3,747)(3,438)(3,252)(2,979)(2,762)(2,850)(3,164)
Operating loss:(298)(318)(594)(804)(8)(1,329)(1,077)
Nonoperating income1066272952191233
Investment income, nonoperating51332921(74)10378
Other nonoperating income (expense)7(3)5(0)(17)(48)(2)
Interest and debt expense1(0)(0)(2)(1)(1)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(191)(257)(523)(711)12(1,239)(848)
Other undisclosed income (loss) from continuing operations before income taxes(1)002113
Income (loss) from continuing operations before income taxes:(192)(257)(523)(709)13(1,238)(844)
Income tax benefit473491251084318036
Net income (loss) available to common stockholders, diluted:(145)92(397)(602)56(1,058)(809)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(145)92(397)(602)56(1,058)(809)
Other comprehensive income (loss)(17)(285)219132725196448
Comprehensive income (loss), net of tax, attributable to parent:(163)(192)(178)(470)781(861)(360)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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