Welcome to our dedicated page for STAK news (Ticker: STAK), a resource for investors and traders seeking the latest updates and insights on STAK stock.
STAK Inc (STAK) delivers specialized oilfield equipment and vehicle-mounted automation solutions for demanding energy sector operations. This page aggregates official press releases, financial disclosures, and strategic updates directly impacting the company’s position in industrial manufacturing markets.
Investors and industry professionals will find timely updates on earnings reports, product innovations, and strategic partnerships critical to understanding STAK’s role in enhancing oilfield efficiency. Content spans equipment deployment milestones, automation technology advancements, and operational developments within rugged production environments.
Key categories include quarterly financial results, new vehicle-integrated system launches, maintenance technology patents, and executive leadership announcements. This resource enables stakeholders to monitor STAK’s progress in solving complex oilfield challenges through engineered solutions.
Bookmark this page for streamlined access to verified information about STAK’s market-moving developments. Combine regular visits with portfolio tracking tools for comprehensive analysis of industrial equipment sector opportunities.
STAK reported strong financial results for H1 FY2025, with revenues reaching $17.0 million, up 24.44% year-over-year. The company's gross profit increased 33.63% to $5.2 million, with improved margins of 30.65%. Net income grew 23.81% to $2.0 million, with EPS of $0.20.
Sales of specialized oilfield equipment surged 73.54% to $9.5 million, while oilfield vehicles sales increased 58.27% to $5.6 million. R&D expenses rose 52.71% to $1.5 million as the company focused on product innovation.
Notably, STAK completed its IPO on February 27, 2025, raising $5.64 million by offering 1,410,349 shares at $4.00 per share. The company began trading on the Nasdaq Capital Market under 'STAK' on February 26, 2025.
STAK Inc. (Nasdaq: STAK) announced that underwriters of its initial public offering have partially exercised their over-allotment option to purchase an additional 160,349 ordinary shares at $4.00 per share. The total gross proceeds from the IPO, including this partial over-allotment exercise, reached $5.64 million before deducting underwriting discounts and expenses.
The company, which specializes in oilfield production and maintenance equipment research, development, manufacturing, and sales, began trading on the Nasdaq Capital Market on February 26, 2025. Kingswood Capital Partners, served as the representative of the underwriters for this firm commitment offering.
STAK Inc., a company focused on oilfield equipment manufacturing, has successfully completed its Initial Public Offering (IPO) on the Nasdaq Capital Market. The company offered 1,250,000 ordinary shares at $4.00 per share, raising gross proceeds of $5 million before deducting underwriting costs.
Trading commenced on February 26, 2025, under the symbol 'STAK'. The underwriters, led by Kingswood Capital Partners, , have a 45-day option to purchase up to 187,500 additional shares at the public offering price less underwriting discounts. The IPO was conducted on a firm commitment basis, with the SEC declaring the registration statement effective on February 25, 2025.
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