STAK Inc (STAK) Stock Plunges Nearly 39% After Hours Despite Revenue Growth: Here's Why

Stak Inc. shares on NASDAQ fell by 38.56% to $1.45 in after-hours trading following the release of their fiscal first-half 2026 financial results. The company, known for developing and manufacturing specialized production and maintenance equipment for oilfield services firms, experienced slowing profitability despite seeing a revenue increase. Their revenue for the first half of fiscal 2026 reached $19.2 million, a 13.41% rise from the previous year's $17 million, attributed to higher order volumes and pricing for specialized oilfield vehicles. However, net income decreased to $1.8 million from $2 million, with diluted earnings per share dropping from $0.20 to $0.14. Prior to this decline, Stak Inc. had closed the regular session up by 16.26% at $2.36, though the stock had seen a rise of 8.76% over the past year. Its trading range over the last 52 weeks has been between $0.29 and $3.97.