PFIE - Profire Energy sees 30% sequential increase in revenue: Q3 Prelim

• Profire Energy ( NASDAQ: PFIE ) announced Monday its preliminary sales for the third quarter is estimated between $12.5-$12.7M, compared to $6.9M reported in 3Q21 and $9.6M in 2Q22.
• Revenue related to the company's diversification efforts is expected to double on a sequential quarterly basis to approximately $1M, or roughly 8% of revenue.
• "Our sales order activity and pipeline remain strong as we continue to execute on our strategy, which includes among many things, being a technology leader within the oil and gas industry," said Ryan Oviatt, Co-Chief Executive Officer and Chief Financial Officer of Profire Energy.

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