First of all, thank you for your role and trust as a stakeholder. It has been a great year to be a part of Profire, as we’ve continued to grow significantly throughout North America. Let me highlight just some of the major accomplishments from the year, made possible—in part—because of your role as a Profire stakeholder:
Generated record revenues in Q1, Q2, and the first half of the fiscal year, with record net income for the first half of fiscal 2015
Recognized again (2013 and 2014) as one of the fastest-growing companies in North America by Deloitte
Uplisted to the NASDAQ
Significantly expanded sales- and service-teams to extend Profire’s reach throughout North America.
Opened a new sales office in Oklahoma, service center in Victoria, TX and upgraded our Pennsylvania satellite office to a service center
Completed and unveiled our significantly expanded new warehouse at our headquarters in Lindon, to be enhanced by a leading ERP system and advanced quality control systems
Completed a capital raise to provide significant growth funds for coming years
Hosted our inaugural earnings call to enhance accessibility to shareholders
Launched a new Flare Stack Igniter
Began beta-testing a recurring-revenue model with our service team
Completed the acquisition of VIM Injection Management, to further extend product line
While we briefly reflect on the year we’ve had, we want to thank you for your long-term vision as a Profire stakeholder. We do our best to plan, manage, and execute so we can create (and sustain) long-term value for all our stakeholders. As we continue planning for the years ahead, our anticipation only grows when we consider the increasing number of dedicated employees, customers, and shareholders who are part of the Profire family. Thank you for your individual role in all of this. We wish you and your family the very best during this holiday season as you enjoy this wonderful time of year and look forward to a bright 2015!
Brenton Hatch, CEO