Quarterly ResultMay 13, 2026, 04:09 PM
STAK Inc. H1 2026 Revenue +13.41% to $19.2M; Net Income $1.8M
AI Summary
STAK Inc. announced unaudited financial results for the first half of fiscal year 2026, reporting a 13.41% increase in revenues to $19.2 million, primarily driven by higher order volumes and increased sale prices for specialized oilfield vehicles. Despite revenue growth, net income decreased to $1.8 million from $2.0 million in the prior year, and basic and diluted earnings per share fell to $0.14 from $0.20. The company's gross profit remained steady at $5.2 million, but the gross profit margin declined to 27.24% due to increased production costs and promotional sales.
Key Highlights
- Revenues increased 13.41% to $19.2 million for H1 2026 from $17.0 million in H1 2025.
- Gross profit remained steady at $5.2 million for H1 2026 and H1 2025.
- Gross profit margin decreased to 27.24% in H1 2026 from 30.65% in H1 2025.
- Net income decreased to $1.8 million for H1 2026 from $2.0 million in H1 2025.
- Basic and diluted EPS were $0.14 for H1 2026, down from $0.20 in H1 2025.
- Revenue increase was driven by higher order volumes and sale prices of specialized oilfield vehicles.
- Gross profit margin decline was due to increased production costs and promotional sales policy.
- General and administrative expenses increased by 27.27% to $1.0 million due to higher professional fees.