STAK Inc. Announces First Half of Fiscal Year 2025 Financial Results
STAK reported strong financial results for H1 FY2025, with revenues reaching $17.0 million, up 24.44% year-over-year. The company's gross profit increased 33.63% to $5.2 million, with improved margins of 30.65%. Net income grew 23.81% to $2.0 million, with EPS of $0.20.
Sales of specialized oilfield equipment surged 73.54% to $9.5 million, while oilfield vehicles sales increased 58.27% to $5.6 million. R&D expenses rose 52.71% to $1.5 million as the company focused on product innovation.
Notably, STAK completed its IPO on February 27, 2025, raising $5.64 million by offering 1,410,349 shares at $4.00 per share. The company began trading on the Nasdaq Capital Market under 'STAK' on February 26, 2025.
STAK ha riportato risultati finanziari solidi per il primo semestre dell'anno fiscale 2025, con ricavi che hanno raggiunto 17,0 milioni di dollari, in aumento del 24,44% rispetto all'anno precedente. Il profitto lordo della società è cresciuto del 33,63%, arrivando a 5,2 milioni di dollari, con margini migliorati al 30,65%. L'utile netto è aumentato del 23,81%, raggiungendo 2,0 milioni di dollari, con un utile per azione (EPS) di 0,20 dollari.
Le vendite di attrezzature specializzate per i giacimenti petroliferi sono aumentate del 73,54%, arrivando a 9,5 milioni di dollari, mentre le vendite di veicoli per i giacimenti sono cresciute del 58,27%, toccando i 5,6 milioni di dollari. Le spese in ricerca e sviluppo sono salite del 52,71%, raggiungendo 1,5 milioni di dollari, mentre l'azienda si è concentrata sull'innovazione di prodotto.
Da segnalare che STAK ha completato la sua offerta pubblica iniziale (IPO) il 27 febbraio 2025, raccogliendo 5,64 milioni di dollari tramite l'offerta di 1.410.349 azioni a 4,00 dollari ciascuna. La società ha iniziato la quotazione sul Nasdaq Capital Market con il simbolo 'STAK' il 26 febbraio 2025.
STAK reportó resultados financieros sólidos en el primer semestre del año fiscal 2025, con ingresos que alcanzaron los 17,0 millones de dólares, un aumento del 24,44% interanual. La ganancia bruta de la compañía creció un 33,63%, llegando a 5,2 millones de dólares, con márgenes mejorados del 30,65%. El ingreso neto aumentó un 23,81%, alcanzando los 2,0 millones de dólares, con un beneficio por acción (EPS) de 0,20 dólares.
Las ventas de equipos especializados para campos petroleros se dispararon un 73,54%, llegando a 9,5 millones de dólares, mientras que las ventas de vehículos para campos petroleros aumentaron un 58,27%, alcanzando los 5,6 millones de dólares. Los gastos en I+D aumentaron un 52,71%, llegando a 1,5 millones de dólares, ya que la empresa se centró en la innovación de productos.
Cabe destacar que STAK completó su oferta pública inicial (IPO) el 27 de febrero de 2025, recaudando 5,64 millones de dólares mediante la oferta de 1.410.349 acciones a 4,00 dólares por acción. La compañía comenzó a cotizar en el Nasdaq Capital Market bajo el símbolo 'STAK' el 26 de febrero de 2025.
STAK는 2025 회계연도 상반기에 강력한 재무 성과를 보고했으며, 매출액은 전년 대비 24.44% 증가한 1,700만 달러에 달했습니다. 회사의 총이익은 33.63% 증가하여 520만 달러를 기록했으며, 마진은 30.65%로 개선되었습니다. 순이익은 23.81% 증가하여 200만 달러에 이르렀고, 주당순이익(EPS)은 0.20달러였습니다.
특수 유전 장비 판매는 73.54% 급증하여 950만 달러에 달했으며, 유전 차량 판매는 58.27% 증가하여 560만 달러를 기록했습니다. 연구개발(R&D) 비용은 52.71% 증가한 150만 달러로, 회사는 제품 혁신에 집중했습니다.
특히 STAK는 2025년 2월 27일에 기업공개(IPO)를 완료하여 1,410,349주를 주당 4.00달러에 제공하며 564만 달러를 조달했습니다. 회사는 2025년 2월 26일 나스닥 캐피털 마켓에서 'STAK'라는 심볼로 거래를 시작했습니다.
STAK a annoncé de solides résultats financiers pour le premier semestre de l'exercice 2025, avec un chiffre d'affaires atteignant 17,0 millions de dollars, en hausse de 24,44 % par rapport à l'année précédente. Le bénéfice brut de l'entreprise a augmenté de 33,63 % pour atteindre 5,2 millions de dollars, avec une marge améliorée de 30,65 %. Le bénéfice net a progressé de 23,81 % pour s'établir à 2,0 millions de dollars, avec un bénéfice par action (BPA) de 0,20 $.
Les ventes d'équipements spécialisés pour les champs pétrolifères ont bondi de 73,54 % pour atteindre 9,5 millions de dollars, tandis que les ventes de véhicules pour champs pétrolifères ont augmenté de 58,27 % pour s'élever à 5,6 millions de dollars. Les dépenses en recherche et développement ont augmenté de 52,71 % pour atteindre 1,5 million de dollars, l'entreprise se concentrant sur l'innovation produit.
Il est à noter que STAK a finalisé son introduction en bourse (IPO) le 27 février 2025, levant 5,64 millions de dollars en proposant 1 410 349 actions à 4,00 $ chacune. La société a commencé à être cotée sur le Nasdaq Capital Market sous le symbole 'STAK' le 26 février 2025.
STAK meldete starke Finanzergebnisse für das erste Halbjahr des Geschäftsjahres 2025, mit Umsätzen von 17,0 Millionen US-Dollar, was einem Anstieg von 24,44 % gegenüber dem Vorjahr entspricht. Der Bruttogewinn des Unternehmens stieg um 33,63 % auf 5,2 Millionen US-Dollar, bei verbesserten Margen von 30,65 %. Der Nettogewinn wuchs um 23,81 % auf 2,0 Millionen US-Dollar, mit einem Ergebnis je Aktie (EPS) von 0,20 US-Dollar.
Der Verkauf von spezialisiertem Ölfeldausrüstungen stieg um 73,54 % auf 9,5 Millionen US-Dollar, während der Verkauf von Ölfeldfahrzeugen um 58,27 % auf 5,6 Millionen US-Dollar zunahm. Die F&E-Ausgaben stiegen um 52,71 % auf 1,5 Millionen US-Dollar, da sich das Unternehmen auf Produktinnovationen konzentrierte.
Bemerkenswert ist, dass STAK seinen Börsengang (IPO) am 27. Februar 2025 abschloss und dabei 5,64 Millionen US-Dollar durch das Angebot von 1.410.349 Aktien zu je 4,00 US-Dollar einnahm. Das Unternehmen begann am 26. Februar 2025 mit dem Handel an der Nasdaq Capital Market unter dem Symbol 'STAK'.
- Revenue growth of 24.44% YoY to $17.0 million
- Gross profit margin improved to 30.65% from 28.54%
- Net income increased 23.81% to $2.0 million
- Specialized oilfield equipment sales up 73.54% to $9.5 million
- Successful IPO raising $5.64 million
- Cash and cash equivalents decreased to $0.4M from $0.7M
- Other revenue declined 98.57% to $0.04M
- General and administrative expenses increased 91.78%
- Net cash used in operating activities of $1.0M
Insights
Strong revenue growth, margin improvement and IPO proceeds signal robust execution and strategic progress, but cash flow highlights a near-term liquidity challenge.
STAK Inc. reported a 24.44% year-over-year revenue increase to
Mr. Chuanbo Jiang, Chairman and Chief Executive Officer of STAK, commented, "Driven by rising market demand and our strategic focus on higher-margin, specialized oilfield vehicles, the first half of fiscal year 2025 recorded a solid performance for our company, reflecting both operational and strategic progress. We delivered robust financial results, with revenues reaching
In addition to our financial achievements, the completion of our Initial Public Offering was a significant milestone. On February 26, 2025, we commenced trading on the Nasdaq Capital Market under the ticker symbol 'STAK.' This achievement reflects the market's confidence in our vision and provides a strong foundation to accelerate our growth trajectory and push the boundaries for long-term value.
As we move forward, we remain confident in our market position and the opportunities emerging in the recovering oil field services industry. Innovation will remain central to our strategy as we continue to advance our product offerings to help customers reduce costs, enhance efficiency, and meet evolving operational needs. Moreover, diversifying our portfolio to support international expansion will be another key pillar for our long-term vision, positioning STAK to embrace emerging opportunities in global oilfield markets."
First Half of Fiscal Year 2025 Financial Highlights
- Revenues were
$17.0 million 24.44% from$13.6 million - Gross profit was
$5.2 million 33.63% from$3.9 million - Gross profit margin was
30.65% for the first half of fiscal year 2025, compared to28.54% for the first half of fiscal year 2024. - Research and development expenses was
$1.5 million 52.71% from$1.0 million - Net income was
$2.0 million 23.81% from$1.6 million - Basic and diluted earnings per share were
$0.20 $0.16
First Half of Fiscal Year 2025 Financial Results
Revenues
Revenues were
Sales of specialized oilfield equipment were
Sales of specialized oilfield vehicles were
Service revenue was
Other revenue was
Cost of Revenues
Cost of revenues was
Gross Profit and Gross Profit Margin
Gross profit was
Operating Expenses
Total operating expenses were
- Selling and marketing expenses have been consistently maintained at
$0.6 million - General and administrative expenses were
$0.8 million 91.78% from$0.4 million $0.4 million - Research and development expenses were
$1.5 million 52.71% from$1.0 million
Net Income
Net income was
Basic and Diluted Earnings per Share
Basic and diluted earnings per share were
Financial Condition
As of December 31, 2024, the Company had cash and cash equivalents of
Net cash used in operating activities was
Net cash provided by investing activities was
Net cash provided by financing activities was
Recent Development
On February 27, 2025, the Company completed its initial public offering (the "Offering") of 1,250,000 ordinary shares at a price of
About STAK Inc.
STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "potential," "intend," "plan," "believe," "likely to" or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
For more information, please contact:
STAK Inc.
Investor Relations Department
Email: ir@stakindustry.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
STAK INC. | ||||||||
UNAUDITED CONSOLIDATED BALANCE SHEETS | ||||||||
(Expressed in | ||||||||
As of | ||||||||
December 31, | June 30, 2024 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 360,522 | $ | 658,154 | ||||
Accounts receivable, net | 8,668,130 | 3,485,523 | ||||||
Inventories | 13,389,498 | 8,282,243 | ||||||
Advances to suppliers | 88,381 | 1,427,849 | ||||||
Amounts due from a related party | 77,700 | 133,482 | ||||||
Prepayments and other current assets, net | 447,022 | 680,496 | ||||||
Deferred offering costs | 748,757 | 627,604 | ||||||
Total current assets | 23,780,010 | 15,295,351 | ||||||
Non-current assets: | ||||||||
Property and equipment, net | 2,411,116 | 2,582,713 | ||||||
Intangible asset, net | 59,473 | 62,241 | ||||||
Right-of-use assets, net | 28,567 | 38,197 | ||||||
Deferred tax assets | 627,498 | 506,523 | ||||||
Other assets | 261,471 | 297,696 | ||||||
Total non-current assets | 3,388,125 | 3,487,370 | ||||||
Total assets | $ | 27,168,135 | $ | 18,782,721 | ||||
Liabilities and shareholder's equity | ||||||||
Liabilities | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 6,678,474 | $ | 746,134 | ||||
Amounts due to a related party | 52,697 | 42,487 | ||||||
Accrued expenses and other current liabilities | 997,367 | 1,293,243 | ||||||
Short-term borrowings | 4,986,780 | 4,334,544 | ||||||
Income tax payable | 1,956,021 | 1,668,400 | ||||||
Total current liabilities | 14,671,339 | 8,084,808 | ||||||
Non-Current liability: | ||||||||
Long-term borrowing | - | 116,964 | ||||||
Total non-current liability | - | 116,964 | ||||||
Total liabilities | $ | 14,671,339 | $ | 8,201,772 | ||||
Commitments and contingencies | ||||||||
Shareholder's equity | ||||||||
Ordinary shares (par value of | 10,000 | 10,000 | ||||||
Additional paid in capital | 4,249,517 | 4,249,517 | ||||||
Statutory reserve | 877,821 | 672,402 | ||||||
Retained earnings | 7,831,517 | 6,037,573 | ||||||
Accumulated other comprehensive loss | (472,059) | (388,543) | ||||||
Total shareholders' equity | 12,496,796 | 10,580,949 | ||||||
Total liabilities and shareholder's equity | $ | 27,168,135 | $ | 18,782,721 | ||||
* The shares and per share information are presented on a retroactive basis to reflect the reorganization and the shares surrender (Note 1).
The accompanying notes are an integral part of these unaudited consolidated financial statements.
STAK INC. | ||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||
(Expressed in | ||||||||
For the Six Months Ended | ||||||||
2024 | 2023 | |||||||
Revenues | $ | 16,955,913 | $ | 13,626,151 | ||||
Cost of revenues | (11,759,741) | (9,737,606) | ||||||
Gross profit | 5,196,172 | 3,888,545 | ||||||
Operating expenses: | ||||||||
Selling and marketing expenses | (599,471) | (608,507) | ||||||
General and administrative expenses | (806,833) | (420,700) | ||||||
Research and development expenses | (1,542,926) | (1,010,394) | ||||||
Total operating expenses | (2,949,230) | (2,039,601) | ||||||
Operating income | 2,246,942 | 1,848,944 | ||||||
Other (expense) income: | ||||||||
Interest expense, net | (89,907) | (45,082) | ||||||
Government subsidies | 17,006 | 28,015 | ||||||
Total other expense, net | (72,901) | (17,067) | ||||||
Income before income tax expense | 2,174,041 | 1,831,877 | ||||||
Income tax expense | (174,678) | (216,960) | ||||||
Net income | 1,999,363 | 1,614,917 | ||||||
Net income per ordinary share: | ||||||||
Earnings per share, basic and diluted * | $ | 0.20 | $ | 0.16 | ||||
Weighted average number of shares outstanding, basic and diluted * | 10,000,000 | 10,000,000 | ||||||
Net income | $ | 1,999,363 | $ | 1,614,917 | ||||
Foreign currency translation adjustments | (83,516) | 204,744 | ||||||
Total comprehensive income | $ | 1,915,847 | $ | 1,819,661 | ||||
* The shares and per share information are presented on a retroactive basis to reflect the reorganization and the share surrender (Note 1).
The accompanying notes are an integral part of these unaudited consolidated financial statements.
STAK INC. | ||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
(Expressed in | ||||||||
For the Six Months Ended December 31, | ||||||||
2024 | 2023 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income | 1,999,363 | 1,614,917 | ||||||
Adjustments to reconcile net income to net cash used in operating | ||||||||
Provision for credit losses | 524,509 | 97,944 | ||||||
Depreciation of property and equipment | 166,058 | 163,622 | ||||||
Amortization of intangible asset | 2,538 | 2,518 | ||||||
Amortization of operating lease right-of-use asset | 9,624 | 30,157 | ||||||
Deferred income tax | (125,305) | (208,562) | ||||||
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | (5,791,039) | (7,863,471) | ||||||
Advance to suppliers | 1,355,963 | 184,254 | ||||||
Inventories | (5,231,547) | (1,844,324) | ||||||
Amounts due from/due to related parties | 66,712 | 946,203 | ||||||
Prepaid expenses and other current asset | 73,201 | (94,121) | ||||||
Other assets | 35,512 | (377,901) | ||||||
Accounts payable | 6,037,020 | 5,611,525 | ||||||
Deferred revenue | - | (385,413) | ||||||
Income tax payable | 299,996 | 425,522 | ||||||
Accrued expenses and other current liabilities | (421,174) | 309,778 | ||||||
Operating lease liabilities | - | (22,628) | ||||||
Net cash used in operating activities | (998,569) | (1,409,980) | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchases of property and equipment | (3,082) | (17,403) | ||||||
Loans to third parties | (209,010) | |||||||
Collection of loans to third parties | 350,022 | 297,455 | ||||||
Net cash provided by investing activities | 137,930 | 280,052 | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Proceeds from short-term bank loans | 2,424,513 | 2,294,497 | ||||||
Repayments of short-term bank loans | (1,741,748) | (1,188,715) | ||||||
Repayments of long-term bank loans | (118,439) | - | ||||||
Net cash provided by financing activities | 564,326 | 1,105,782 | ||||||
Effect of exchange rate changes on cash and cash equivalents | (1,319) | 12,840 | ||||||
Net decrease in cash and cash equivalents | (297,632) | (11,306) | ||||||
Cash and cash equivalents, at beginning of the period | 658,154 | 593,199 | ||||||
Cash and cash equivalents, at end of the period | $ | 360,522 | $ | 581,893 | ||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW | ||||||||
Interest paid | $ | 90,523 | $ | - | ||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES: | ||||||||
Addition of right-of-use assets | $ | - | $ | 105,760 | ||||
The accompanying notes are an integral part of these unaudited consolidated financial statements.
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SOURCE STAK Inc.
FAQ
What were STAK's revenue and profit margins in H1 FY2025?
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