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Profire Energy, Inc. (PFIE) Research Update Released

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New York, NY - February 27, 2014 (www.investorideas.com newswire) Taglich Brothers released an updated research report on Profire Energy, Inc. (PFIE) and reiterated a Speculative Buy rating with a 12-month price target of $4.50 per share based on a multiple of 30X discounted FY16 EPS. The report noted the following key investment considerations:

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  • Revenue growth should be driven primarily by increased US sales. Over the past year, the company has gained market share in the US and since pending legislation changes were clarified July 1, 2013, Canadian sales have shown significant improvement.
  • US gains are not likely sustainable at recent rates. We project increased competition will slow the US growth rate to approximately 20% in FY15. This would imply a US market penetration rate of 14% in FY15, up from 11% in FY14.
  • For FY14, we raised our revenue projection to $35.2 million from $32.7 million and kept our EPS projection unchanged at $0.14 reflecting 3Q14 results. For FY15, we raised our revenue projection to $41.1 million from $37.5 million but kept our EPS projection unchanged at $0.16 reflecting greater than anticipated sales in Canada and higher G&A expenses. For FY16, we project revenue of $44.7 million and EPS of $0.18 driven by increased US market share.
  • 3Q14 revenue (reported 2/14/14) increased 169% to $9.5 million and EPS increased to $0.03 from a loss of $(0.01) on a strong gain in US sales. We projected 3Q14 revenue of $7.3 million and EPS of $0.03.

The full report can be viewed at http://www.taglichbrothers.com.

Company Description:

Profire Energy, Inc., headquartered in Lindon, Utah, manufactures, installs and services oilfield combustion management systems and related burner products that aid oil and natural gas producers in the safe and efficient development and transportation of carbon-based fuels.

Taglich Brothers:

Taglich Brothers, Inc. is full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

The Taglich Brothers' Equity Research department is dedicated to providing research reports that are informative, insightful and illuminating. Reports are designed to distill volumes of investment information into a concise, straightforward format so that busy professional investors can make informed investment decisions.

Disclaimer:

The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. All research issued by Taglich Brothers, Inc. is based on public information. As of the date of this report, we, our affiliates, any officer, director or stockholder, or any member of their families do not have a position in the stock of the company mentioned in this report. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned in this report and was not a manager or co-manager of any offering for the company with in the last three years. The company prepaid for the first three months of distribution a total of $4,500 (USD) in January 2012, and will pay beginning June 2012 a monthly monetary fee of $1,500 (USD) to Taglich Brothers, Inc. for the creation and dissemination of research reports.

Contact

Richard Oh
Email: press@taglichbrothers.com

More Info:

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