STAK Stock Jumps 59% in After-Hours After Returning to Profit

Benzinga Earnings10-22 12:49

STAK Inc. (NASDAQ:STAK) shares surged 59% in after-hours trading Wednesday to $1.59 after the China-based oil and gas equipment and services company announced financial results for the fiscal year ended June 30.

Swing to Profit Lifts Earnings Per Share

The company’s revenue rose 13.21% year over year to $28.2 million, up from $24.9 million in fiscal 2025.

STAK reported net income of $0.4 million, versus a net loss of $5.7 million a year earlier. Basic earnings per share were $0.03, compared with a loss of $0.53 in fiscal 2025.

Diluted EPS was $0.02.

Gross Margin Narrows as Oilfield Vehicle Mix Shifts

Gross profit declined 3.07% to $7.5 million from $7.7 million in fiscal 2025. Gross margin narrowed to 26.43% from 30.86%. The company attributed the decline to its shift toward higher-priced specialized oilfield vehicles, which also carry higher unit costs.

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Cash, cash equivalents and restricted cash rose to $4.9 million as of June 30, from $1.0 million a year earlier.

Chairman and CEO Chuanbo Jiang said, "Fiscal year 2026 demonstrated continued progress in executing our existing business strategy." He added that the return to profitability underscores the importance of disciplined expense management in improving the company’s bottom-line performance while continuing to invest in future growth.

Trading Metrics, Technical Analysis

STAK has a market capitalization of $19.21 million, a 52-week high of $12 and a 52-week low of $0.29.

On Wednesday, the stock experienced an elevated trading session. The volume surged to 23.56 million shares, about 11.9 times its average volume of 1.98 million.

The Relative Strength Index (RSI) of STAK stands at 42.13.

The small-cap stock has gained 31.58% over the past 12 months.

Price Action: STAK closed the regular session on Wednesday at $1, down 0.99%, according to Benzinga Pro data.

Benzinga’s Edge Stock Rankings indicate STAK stock has a negative price trend across all time frames.

See More: Top Value Stocks

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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