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STAK

STAK Inc. Ordinary Shares

STAK

STAK Inc. Ordinary Shares • NASDAQ
$0.47 ▼ -0.67% (-0.00)
Market Cap $5.08 M
52w High $4.53
52w Low $0.42
Dividend Yield 0%
P/E -0.89
Volume 4.93K
Outstanding Shares 10.73M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2024 $360.522K ▼ $27.168M ▲ $14.671M ▲ $12.497M ▲
Q4-2023 $658.154K ▲ $18.783M ▼ $8.202M ▼ $10.581M ▲
Q2-2023 $581.893K ▼ $25.402M ▲ $15.461M ▲ $9.94M ▲
Q4-2022 $593.199K $15.002M $6.881M $8.121M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement The company’s historical income statement looks tiny and almost flat, suggesting that, until recently, it operated on a very small scale or under a different reporting structure. However, the latest disclosed results point to a sharp step-up in sales, with revenue growing strongly on the back of specialized oilfield vehicles and equipment. Profitability appears to be around break-even to modestly positive, which is typical for a business moving from development mode into commercial scale. The key story here is rapid top-line growth from a low base, with earnings still in an early, fragile stage rather than firmly established.

Balance Sheet

Balance Sheet The reported balance sheet is light and simple: small asset and equity levels, and essentially no financial debt in the historical snapshots. This implies a relatively unlevered structure, but also a limited capital cushion and modest internal resources to absorb shocks. As a manufacturer aiming to grow quickly, the company may need to build up working capital, production capacity, and cash reserves over time. Without detailed post-IPO data, one should view the balance sheet as lean and efficient, but also somewhat thin, making disciplined capital management important as the business scales.

Cash Flow

Cash Flow Historically, cash flows from operations and free cash flow look minimal and roughly neutral, consistent with a company that was small and still ramping up. Capital spending has been very light in the disclosed data, which may reflect outsourced manufacturing relationships and an asset-light approach, or simply the early stage of expansion. With rising sales, cash generation could improve, but growth in inventories, receivables, and production capacity can temporarily pull cash out of the business. The company’s cash flow profile is therefore still unproven over a full cycle and will be an important area to watch as volumes increase.

Competitive Edge

Competitive Edge STAK is positioning itself as a niche player in specialized oilfield equipment with a strong focus on automation, customization, and integrated vehicle-based solutions. Its main advantages are: deep in-house automation know-how, the ability to rapidly design and deliver custom equipment, and an unusually broad product catalog that lets oilfield customers source many needs from one supplier. A sizable portfolio of patents and software-related intellectual property further raises the barrier for direct copycats. At the same time, the company operates in a cyclical, highly competitive oil and gas equipment market, where larger global rivals, changing energy policies, and customer spending swings can all pressure margins and market share. Its competitive position is promising but still being tested at scale.

Innovation and R&D

Innovation and R&D Innovation is clearly at the center of STAK’s strategy. The company has built its own automation controls and industrial software over many years and applies these to oilfield trucks and equipment to improve efficiency, safety, and environmental performance. A large and growing set of patents and copyrights suggests systematic R&D rather than one-off projects. Management emphasizes fast prototyping and customization, backed by close supplier relationships, which can be a real differentiator in a market where customers often have site-specific needs. R&D spending is increasing, which supports future product upgrades and digital features such as data analytics and advanced automation. The main risk is execution: R&D must keep generating products that customers adopt at scale, especially as larger companies also push into digital oilfield solutions.

Summary

Overall, STAK looks like a small but fast-growing specialist in automated oilfield equipment, transitioning from a very modest historical base into a larger commercial footprint. Financially, it has limited historical scale, slim but improving profitability, and a lean balance sheet with little debt but also a thin capital buffer. Strategically, its strength lies in engineering, automation, and customization, supported by a meaningful intellectual property portfolio and recognition in its home region. The opportunity is to convert these technical capabilities into a durable, higher-margin business as demand for efficient and cleaner oilfield operations grows. Key uncertainties include the volatility of oilfield spending, competition from bigger players, the company’s ability to manage growth without straining its cash resources, and the need to continuously turn R&D into commercially successful products. This is still an early-stage public story, driven as much by execution and innovation as by sheer market growth.