STAK Inc.
STAK · Oil & Gas Field Machinery & Equipment · EDGAR filings ↗
Grade
D48Fast-growing Chinese oilfield-equipment maker that swung to a sizable loss with thin cash.
Strengths
- Revenue grew 31.7% (79th pct) with steady gross margin ~31% (64th pct)
- Steady operating gross profitability before one-off charges
Risks
- Swung to net loss (margin -23%, ROE -44%) on a G&A spike and losses on asset/receivable sales
- Cash runway just 1.4 quarters and quick ratio 0.48 (11th pct) — tight liquidity
- China/PRC structure, super-voting dual-class control, and HFCAA delisting overhang
Notable findings
- Net lossNet loss (net margin -22.9%)
- Cash burnNegative free cash flow (-2.9M)
- Customer concentration~69% of revenue from one customer/distributor — 69 % Cost of revenues (17,224,749 ) (13,245,171 ) (14,385,492 ) (3,979,578 ) 30
Key metrics
Gross margin
30.9%
Operating margin
-12.5%
Net margin
-22.9%
Return on equity
-44.3%
Return on assets
-21.4%
Revenue growth (QoQ)
31.7%
Net-income growth
-334.0%
Current ratio
1.7×
Free cash flow
-$3M
Tangible book value
$11M
Cash & investments
$1M
Cash runway
1q
Stock comp / revenue
15.7%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-11-05 | 2025-06-30 | 0001493152-25-020818 ↗ |