Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 70

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 70
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|:-----------------------------------------|:----|:--|--------------------:|:----|--------------:|:--|:----|:--|--------------------:|:--|:----|--------------:|:---|
|                                          |     |   |               Gross 
              profit |     |         Gross 
 profit margin |   |     |   |               Gross 
              profit |   |     |         Gross 
 profit margin |    |
| Sales of specialized oilfield equipment  |     | $ |           2,982,107 |     |         33.59 | % |     | $ |           5,029,953 |   |     |         36.14 | %  |
| Sales of specialized oilfield vehicles   |     |   |           1,522,957 |     |         28.17 | % |     |   |           1,630,946 |   |     |         25.64 | %  |
| Service income from automation solutions |     |   |             796,042 |     |         45.15 | % |     |   |             107,979 |   |     |         39.78 | %  |
| Others                                   |     |   |             372,570 |     |         12.98 | % |     |   |              (7,907 | ) |     |         (1.33 | )% |
| Total gross profit                       |     | $ |           5,673,676 |     |         29.99 | % |     | $ |           6,760,971 |   |     |         31.97 | %  |

Gross profit decreased by
$1.1 million, or 16.08%, to $5.7 million for the year ended June 30, 2024 from $6.8 million for the year ended June 30, 2023, primarily
due to the decrease of revenues.

Gross profit margin slightly
decreased from 31.97% for the year ended June 30, 2023 to 29.99% for the year ended June 30, 2024. The decrease of gross profit margin
was mainly driven by higher cost of materials for specialized oilfield equipment and the adoption of competitive pricing approaches starting from 2023, partially offset by the increasing sales of higher
gross profit margin specialized oilfield vehicles.

Selling and marketing expenses