STAK Swings to $0.4M Profit as Revenue Climbs 13% to $28.2M
STAK has more than doubled off its 52-week low of $0.29.
Summary
STAK returned to profitability in FY2026 with net income of $0.4 million versus a $5.7 million loss a year earlier, on revenue up 13.21% to $28.2 million. The swing came from cost control, not margin: G&A fell 70.57% (no share-based comp this year) and total operating expenses dropped 41.06%, while gross margin compressed to 26.43% from 30.86% as the mix shifted toward higher-priced oilfield vehicles. Vehicle sales more than doubled to $22.2 million with average unit price up 41.85% to $41,936, but equipment sales fell 53.89% and automation service revenue went to zero. Cash rose to $4.9 million from $1.0 million, funded largely by $6.8 million of net financing inflows and a jump in short-term borrowings to $11.0 million. The 20-F filed minutes earlier also discloses a material weakness in internal controls, which offsets some of the headline profit. At a roughly $10 million market cap, this is a small, thinly traded name where the profitability milestone and the control weakness are the two facts that matter.
At the time of this announcement, STAK was trading at $1.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $10M. The 52-week trading range was $0.29 to $12.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.