- STAK Inc. reported a 24.44% year-over-year increase in revenues to $17.0 million for the first half of fiscal year 2025.
- The company's net income rose 23.81% to $2.0 million, with EPS reaching $0.20.
- STAK completed its IPO, raising $5.64 million, and began trading on Nasdaq under the symbol 'STAK'.
STAK Inc. (STAK, Financial), a fast-growing company specializing in the oilfield equipment sector, announced robust financial results for the first half of fiscal year 2025. Revenues for the period reached $17.0 million, marking a significant 24.44% increase compared to the previous year. This growth was largely driven by a surge in sales of specialized oilfield equipment, which soared 73.54% to $9.5 million.
The company's gross profit rose 33.63% to $5.2 million, while the gross profit margin improved to 30.65% from 28.54% in the same period last year. Net income for STAK increased by 23.81% to $2.0 million, reflecting the company's strategic focus on high-margin products. Earnings per share (EPS) for the period stood at $0.20, up from $0.16 in the previous year.
In addition to its operational success, STAK made a significant milestone by completing its Initial Public Offering (IPO) on February 27, 2025. The company raised $5.64 million through the offering of 1,410,349 shares at $4.00 per share. STAK's shares began trading on the Nasdaq Capital Market under the ticker 'STAK' on February 26, 2025, reinforcing its market presence and supporting future growth initiatives.
Despite the impressive financial performance, STAK reported a decrease in cash and cash equivalents to $0.4 million, highlighting a short-term liquidity challenge. The firm has expressed intentions to continue investing in research and development, which rose by 52.71% to $1.5 million, focusing on product innovation and expanding its market footprint.
