Company: STAK
Filing Date: 2025-11-05
Form Type: 20-F
Source: 0001493152-25-020818
Chunk: 9

Company: STAK Inc.
Filing Date: 2025-11-05
Form: 20-F
Item: Item 3
Chunk 9
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 our focus on the production of oilfield-specialized and maintenance equipment, leading to the establishment of YLAN, our operating subsidiary. Since then we have achieved rapid growth in terms of customer base and revenue. For the fiscal years ended June 30, 2025 and 2024, our specialized oilfield equipment revenue accounted for 48.0% and 46.9% of our total revenue, respectively. However, our limited operating history in our services to provide specialized oilfield equipment and integrated solutions may not be indicative of our future growth or financial results. There is no assurance that we will be able to maintain our historical growth rates in future periods. Our growth prospects should be considered in light of the risks and uncertainties that fast-growing companies with a limited operating history and experience in our industry may encounter, including, among others, risks and uncertainties regarding our ability to:
 

●                  expand              
    our products and services offering;
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●                       retain                   
    existing customers and attract new customers;
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●                                                                   offer                                                                 
    customized and comprehensive services tailored to the needs of oilfield maintenance and service companies throughout their lifecycles;
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●                                                       successfully                                                   
    compete with other companies that are currently in, or may in the future enter, our industry or similar industries;
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●   obtain                                                                                                             
    permits of specialized vehicles manufacture; and                                                                   

●                     observe                  
    and strategize on the latest market trends.
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All of these endeavors involve risks and will require significant allocation of management and employee resources. We cannot assure you that we will be able to effectively manage our growth or implement our business strategies effectively. If the market for our services does not develop as we expect or if we fail to address the needs of this dynamic market, our business, results of operations, and financial condition will be materially and adversely affected.
 
Failure to maintain and enlarge our customer base or strengthen customer engagement may adversely affect our business and results of operations.
 
Our revenue growth depends on our ability to maintain and enlarge our customer base and strengthen customer engagement so that more of oilfield services companies will replace the products and services of our competitors with ours, which will contribute to our revenue growth. Our customers may not continue to use our solutions once their existing contract expires or they may not purchase additional solutions from us. This risk is especially apparent in circumstances where it is inexpensive for them to switch service or products providers. Our ability to maintain and enlarge our customer base and strengthen our customer engagement will depend on many factors,