Stak Inc. (NASDAQ: STAK) shares fell sharply in after-hours trading on Wednesday after the company reported fiscal first-half 2026 financial results that showed slowing profitability despite higher revenue growth.
STAK develops and manufactures specialized production and maintenance equipment used by oilfield services firms.
STAK shares dropped 38.56% to $1.45 in after-hours trading on Wednesday after closing the regular session up 16.26% at $2.36. The stock remains up 8.76% over the past year and has traded between $0.29 and $3.97 over the last 52 weeks.
Revenue Rises, Margins Slip
STAK reported first-half fiscal 2026 revenue of $19.2 million, up 13.41% year-over-year from $17 million, driven by higher order volumes and pricing for specialized oilfield vehicles.
However, net income declined to $1.8 million from $2 million a year earlier, while diluted earnings per share fell to $0.14 from $0.20. Gross profit remained relatively …