Company research
PROFIRE ENERGY INC
CIK 1289636Updated Sep 24, 2026
Name history
Flooring Zone Inc · through Jan 16, 2009FLOORING ZONE INC · through Jan 16, 2009
Filing activity
Latest filing
50 filings on record · SCHEDULE 13G/A, 15-12G, EFFECT, S-8 POS, POS AM, 8-K.
Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 66,293,845Source | 53,929,536Source | 48,038,122Source | 48,323,225Source |
| Property, Plant and Equipment, NetUSD | 10,782,372Source | 10,423,964Source | 11,185,539Source | 12,021,811Source |
| GoodwillUSD | 2,579,381Source | 2,579,381Source | 2,579,381Source | 2,579,381Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 10,767,519Source | 7,384,578Source | 8,188,270Source | 9,148,312Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 14,013,740Source | 10,886,145Source | 6,262,799Source | 3,719,508Source |
| Inventory, NetUSD | 14,059,656Source | 10,293,980Source | 7,185,248Source | 8,414,772Source |
| Assets, CurrentUSD | 44,472,716Source | 32,033,626Source | 24,235,721Source | 25,835,775Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,832,262Source | 2,314,639Source | 1,025,276Source | 1,678,428Source |
| Operating Lease, Right-of-Use AssetUSD | 326,505Source | 36,303Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 9,455,619Source | 7,345,056Source | 3,897,139Source | 2,950,839Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 53,048Source | 52,144Source | 51,720Source | 51,385Source |
| Additional Paid in CapitalUSD | 32,751,749Source | 31,737,843Source | 30,819,394Source | 30,293,472Source |
| Retained Earnings (Accumulated Deficit)USD | 36,202,403Source | 25,425,689Source | 21,477,929Source | 22,529,472Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -2,844,702Source | -3,294,873Source | -2,100,467Source | -2,148,924Source |
| Stockholders' Equity Attributable to ParentUSD | 56,838,226Source | 46,584,480Source | 44,140,983Source | 45,372,386Source |
| Liabilities and EquityUSD | 66,293,845Source | 53,929,536Source | 48,038,122Source | 48,323,225Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 9,095,470Source | 6,788,315Source | 3,725,121Source | 2,415,300Source |
| Operating Lease, Liability, CurrentUSD | 82,692Source | 25,385Source | — | — |
| Accounts Payable, CurrentUSD | 2,699,556Source | 2,955,506Source | 1,822,559Source | 1,178,979Source |
| Operating Lease, Liability, NoncurrentUSD | 244,135Source | 10,918Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 52,621Source | 488,858Source | 136,106Source | 522,870Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 4,541,820Source | 3,573,994Source | 1,872,348Source | 1,196,870Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | 3,069,668Source | 3,153,074Source | 3,587,278Source | 4,315,394Source |
| Deferred Tax Liabilities, NetUSD | — | 488,858Source | — | 522,870Source |
| Short-term InvestmentsUSD | 2,799,539Source | 1,154,284Source | 1,013,683Source | 2,388,601Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,108,962Source | 1,101,044Source | 1,255,647Source | 1,176,707Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 3,128,051Source | 4,745,871Source | 2,595,483Source | -2,268,435Source |
| Increase (Decrease) in InventoriesUSD | 3,712,212Source | 3,240,049Source | -1,247,004Source | -1,216,200Source |
| Deferred Income Tax Expense (Benefit)USD | -988,106Source | 673,990Source | 17,964Source | 76,004Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 7,064,050Source | 516,077Source | 648,927Source | 264,400Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,266,492Source | 10,657Source | -817,503Source | 1,766,664Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,228,275Source | 601,012Source | 168,527Source | 1,547,331Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 1,987,949Source | 1,228,730Source | 754,574Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,454,519Source | -1,375,011Source | -836,139Source | -210,435Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,382,941Source | -803,692Source | -960,042Source | 1,789,456Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 10,767,519Source | 7,384,578Source | 8,188,270Source | 9,148,312Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 9,450Source | 17,726Source | 3,205Source | 6,090Source |
| Income Taxes Paid, NetUSD | 1,155,682Source | 847,712Source | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 39,902Source | 44,585Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 164,805Source | — | — | — |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | 3,069,668Source | 3,153,074Source | 3,587,278Source | 4,315,394Source |
| DepreciationUSD | 1,108,962Source | 1,101,044Source | 1,255,647Source | 1,163,722Source |
| Depreciation, NonproductionUSD | 575,878Source | 628,019Source | 762,439Source | 666,187Source |
| Gain (Loss) on Disposition of AssetsUSD | — | 318,075Source | 192,183Source | 306,871Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 268,817Source | — | 42,378Source | — |
| General and Administrative ExpenseUSD | 17,184,917Source | 14,396,763Source | 11,533,496Source | 10,641,122Source |
| GoodwillUSD | 2,579,381Source | 2,579,381Source | 2,579,381Source | 2,579,381Source |
| Income Tax Expense (Benefit)USD | 1,669,697Source | 1,738,422Source | -629,358Source | -483,567Source |
| Investment Income, InterestUSD | 390,031Source | 177,125Source | 133,201Source | 181,254Source |
| Net Income (Loss) Attributable to ParentUSD | 10,776,714Source | 3,947,760Source | -1,051,543Source | -2,175,597Source |
| Nonoperating Income (Expense)USD | 592,311Source | 491,574Source | 334,099Source | 421,047Source |
| Operating ExpensesUSD | 18,677,918Source | 16,456,782Source | 13,416,015Source | 12,606,412Source |
| Operating Lease, ExpenseUSD | 75,603Source | 79,378Source | 69,808Source | 75,147Source |
| Other Nonoperating Income (Expense)USD | -57,088Source | -3,626Source | 8,715Source | -67,078Source |
| Proceeds from Stock Options ExercisedUSD | 177,281Source | 33,863Source | 6,053Source | 2,020Source |
| Provision for Loan, Lease, and Other LossesUSD | 488,420Source | 77,704Source | 15,979Source | 184,293Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | -524,239Source | -5,549Source | 26,523Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 58,208,060Source | 45,936,643Source | 26,356,176Source | 21,458,609Source |
| Cost of RevenueUSD | 27,676,042Source | 24,285,253Source | 14,955,161Source | 11,932,408Source |
| Operating Income (Loss)USD | 11,854,100Source | 5,194,608Source | -2,015,000Source | -3,080,211Source |
| Other Nonoperating Income (Expense)USD | -57,088Source | -3,626Source | 8,715Source | -67,078Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 12,446,411Source | 5,686,182Source | -1,680,901Source | -2,659,164Source |
| Income Tax Expense (Benefit)USD | 1,669,697Source | 1,738,422Source | -629,358Source | -483,567Source |
| Net Income (Loss) Attributable to ParentUSD | 10,776,714Source | 3,947,760Source | -1,051,543Source | -2,175,597Source |
| Earnings Per Share, BasicUSD per share | 0.23Source | 0.08Source | -0.02Source | -0.05Source |
| Earnings Per Share, DilutedUSD per share | 0.22Source | 0.08Source | -0.02Source | -0.05Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 47,355,978Source | 47,161,101Source | 48,070,581Source | 47,778,063Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 49,127,558Source | 48,447,342Source | 48,070,581Source | 47,778,063Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 164,805Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | 2,657,803Source | 1,064,432Source | -647,322Source | -559,571Source |
| General and Administrative ExpenseUSD | 17,184,917Source | 14,396,763Source | 11,533,496Source | 10,641,122Source |
| Gross ProfitUSD | 30,532,018Source | 21,651,390Source | 11,401,015Source | 9,526,201Source |
| Interest ExpenseUSD | 9,449Source | — | — | — |
| Investment Income, InterestUSD | 390,031Source | 177,125Source | 133,201Source | 181,254Source |
| Nonoperating Income (Expense)USD | 592,311Source | 491,574Source | 334,099Source | 421,047Source |
| Operating ExpensesUSD | 18,677,918Source | 16,456,782Source | 13,416,015Source | 12,606,412Source |
| Operating Lease, ExpenseUSD | 75,603Source | 79,378Source | 69,808Source | 75,147Source |
| Research and Development ExpenseUSD | 917,123Source | 1,432,000Source | 1,120,080Source | 1,299,103Source |