US Market News
1週前
STAK Inc. Accelerates New Energy Vehicle Expansion with Growing Product Portfolio and Intellectual PropertyJune 2, 2026 4:00 AM
PR Newswire (US) CHANGZHOU, China, June 2, 2026 /PRNewswire/ -- STAK Inc. (the "Company" or "STAK") (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced the rapid scale-up of its new energy vehicle ("NEV") business, driven by a broadening product lineup and a growing portfolio of patents and software copyrights during the second half of 2025 and the first quarter of 2026.The Company began exploring NEV-related business opportunities in May 2025 through limited initial deployments and preliminary commercialization activities. During the initial launch phase from May 1, 2025 through June 30, 2025, the Company generated approximately RMB2.8 million (approximately US$0.4 million) in NEV-related revenue, which primarily reflected early-stage market testing and customer onboarding efforts. Beginning in the second half of 2025, customer demand and commercialization activities expanded significantly, and the Company's NEV-related business generated approximately RMB62.6 million (approximately US$9.2 million) in cumulative revenues for the nine months ended March 31, 2026. The substantial increase in revenue contribution over a relatively short commercialization cycle reflects growing market acceptance and the scalability of the Company's NEV business strategy.Alongside strong revenue growth, the Company continues to expand its NEV product portfolio with the introduction of more specialized vehicles. STAK currently markets four battery-electric models designed primarily for oilfield logistics and broader construction applications. These vehicles feature zero-emission operation, lower total cost of ownership, enhanced safety, and improved user experience, aiming to align with customers' increasing environmental, social, and governance ("ESG") requirements.The industrial NEV market is experiencing sustained high-growth momentum in China and globally, driven by the gradual replacement of traditional fuel vehicles with electric alternatives. According to QYResearch, a Chinese market research and consulting firm, the global battery-electric engineering vehicle market is expected to maintain a compound annual growth rate ("CAGR") of approximately 46.6% from 2025 to 2031. Within this global expansion, China represents a particularly compelling growth market. As of 2025, the battery-electric engineering vehicle market in China is experiencing rapid uptake, supported by favorable policies and validated by expanding application scenarios, with accelerating penetration in sub-segments.This trend has been further reinforced by China's national "dual-carbon" goals — peaking carbon emissions by 2030 and achieving carbon neutrality by 2060. New energy engineering machinery has been designated as a priority development category in successive national Five-Year Plans, encouraging enterprises to accelerate electrification technology development, product commercialization, and regional deployment through subsidies and incentive programs. Together, these policies provide a strong and sustained tailwind for the adoption of new energy engineering machinery.Against this favorable macro backdrop, STAK has formally entered the engineering NEV segment, leveraging its accumulated expertise in oilfield equipment and specialized vehicle technologies. As of today, the Company, through its wholly owned subsidiaries, holds seven invention patents, three utility model patents, and four registered software copyrights related to NEV technologies, including four patents currently under review.Mr. Chuanbo Jiang, Chairman and Chief Executive Officer of STAK, commented, "The surge in demand for electric heavy-duty vehicles is structural rather than cyclical, particularly in light of global electrification trends and strong policy support in China. Moreover, low baseline penetration across most sub-segments provides early movers with substantial growth runway. We believe our proprietary technologies, together with our unwavering commitment to and investment in innovation, uniquely position STAK to build NEVs into a core growth engine and deliver long-term value to our shareholders."About STAK Inc.STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in China. For more information, please visit the Company's website at https://www.stakindustry.com/ir/.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "potential," "intend," "plan," "believe," "likely to" or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission (the "Commission").For more information, please contact:STAK Inc.
Investor Relations Department
Email: ir@stakindustry.comAscent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com View original content:https://www.prnewswire.com/news-releases/stak-inc-accelerates-new-energy-vehicle-expansion-with-growing-product-portfolio-and-intellectual-property-302788075.htmlSOURCE STAK Inc. Original: STAK Inc. Accelerates New Energy Vehicle Expansion with Growing Product Portfolio and Intellectual Property
surf1944
19年前
Staktek Holdings Reports Second Quarter 2007 Financial Results
Staktek Holdings, Inc. (Nasdaq:STAK), a market-leading provider of intellectual property (IP) and services for next-generation module technologies, today announced financial results for the second quarter ended June 30, 2007.
Total revenue for the quarter was $8.2 million, which exceeded the previously stated guidance of $6 to $8 million, and compares to $8.7 million in the first quarter of 2007 and $14.4 million in the second quarter of 2006. Services revenue was $7.4 million, compared to $7.2 million in the previous quarter and $11.1 million in the second quarter of 2006. License revenue was $775,000, compared to $1.5 million in the previous quarter and $3.3 million in the second quarter of 2006.
Under generally accepted accounting principles (GAAP), net loss for the second quarter was $4.1 million, or ($0.09) per diluted share, compared to net loss of $2.9 million, or ($0.06) per diluted share, in the first quarter of 2007 and net income of $592,000, or $0.01 per diluted share, in the second quarter of 2006. The second quarter operating loss was $3.6 million, which compares to an operating loss of $4.1 million in the previous quarter and $326,000 in the year ago period. Excluding non-cash charges for stock-based compensation and amortization and impairment of acquisition intangibles, the non-GAAP net loss was $452,000, or $0.01 per diluted share, compared to non-GAAP net income of $70,000, or $0.00 per diluted share, in the previous quarter. Non-GAAP operating loss in the second quarter of 2007 was $751,000. A reconciliation of GAAP results to non-GAAP results has been provided in the financial statement tables following the text of this press release.
Cash, cash equivalents and short-term investments on June 30, 2007 were $78.1 million, compared to $77.7 million on March 31, 2007. During the second quarter of 2007, the company repurchased approximately 375,000 shares of its common stock under its repurchase program at a cost of approximately $1.2 million.
Business Summary
“We made additional progress with our FlashStak™ product during the second quarter, securing an additional customer that will utilize our technology and stacking services for handheld consumer devices,” commented Wayne Lieberman, president and CEO of Staktek Holdings.
“Recently, we announced the availability of two new technologies that we are working to productize. The 32GB Secure Digital High-Capacity (SDHC) memory card technology for removable Flash cards is targeted for handheld consumer devices, such as digital video cameras, including high-definition video cameras, digital still cameras and personal media players. Our DSD-Pak™ multi-die packaging technology platform packages one or multiple Die-Substrate-Die subassemblies for thinner, highly integrated packages with improved testability and electrical performance.
“Finally, with respect to our M&A strategy, we continued our due diligence efforts to identify acquisition opportunities that will expand our business,” concluded Lieberman.
Business Outlook
Staktek expects third quarter 2007 total revenue to be approximately $7 million to $8.5 million. The mix between license and services revenue will shift more towards license revenue in the third quarter as the company transitions certain customers to a license model.
Web Cast and Conference Call
Staktek management will host a conference call and web cast with investors today, August 1, 2007, at 3:30 p.m. Central time (4:30 p.m. Eastern time) to discuss the second quarter financial results and the business outlook going forward for the third quarter of 2007. Investors and other interested parties may access the call by dialing 877-704-5386 in the U.S. (913-312-1302 outside of the U.S.), with the confirmation code 2459536, at least 10 minutes prior to the start of the call. In addition, an audio web cast will be available through the Staktek web site at http://www.staktek.com. A replay will be available for 48 hours following the call at 888-203-1112 in the U.S. (719-457-0820 outside of the U.S.), confirmation code 2459536.
Cautionary Language
This press release contains forward-looking statements. These statements are generally accompanied by words such as “expect,” “anticipate,” “believe,” “estimate,” and similar expressions. These statements include our estimates of third quarter 2007 revenue, the mix between license and services revenue and our transition of certain customers to a license model. We do not have long-term agreements with our customers or sufficient backlog to rely upon when forecasting results, so our future performance is very difficult to predict. Our forward-looking statements are based on our current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially. Risks and uncertainties that may cause future results to differ include, but are not limited to, transitions in the technologies utilized by OEMs and others (including but not limited to increased use of dual-die and planar solutions and a continuing shift from DDR-1 to DDR-2) and the resulting impact on our business; reduced DRAM pricing and less demand for our products, due to a DRAM oversupply in certain instances; having significant customer concentration and the impact on our operating results of a material decline in orders from any customer or of a consolidation of our customers; the risk that a competitor or significant customer develops or adopts an alternative solution or competing product; the risk that demand for our solutions is lower than expected; the risk that our average selling prices decline during the period more than we expect because of competitive pressures, substituted products or overall reduced demand for systems that incorporate our technologies; the risks associated with expanding into new markets without past experience in those markets and to releasing new products generally; the risk that our new technologies, such as our High Performance II, NAND Flash-memory stacking technologies, FlashStak X-2, ArctiCore, MobileStak™, SDHC memory card and DSD-Pak, are not completed, tested or accepted in a timely fashion; the risk that we are unable to protect our intellectual property rights; the risk that we are unable to productize or monetize the intellectual property that we develop; the risk that we will be unable to enter into additional license agreements to license our technologies; the risks associated with intellectual property litigation or other litigation; the risk that our customers or we are unable to obtain adequate memory or other materials; the risk that we incur problems in our manufacturing processes or facilities or that we are unable to maintain or improve our manufacturing capacity and turnaround times; risks related to qualifying our current or future products in our customers’ future products; risks related to increasing our royalty-based revenue; risks associated with competing with larger companies and companies with market share where we are targeting expansion; risks related to product liability claims in the event our services and technologies are used in defective products or include defective parts; risks associated with failing to achieve standardization of certain of our products (such as ArctiCore) from JEDEC; risks associated with acquiring other businesses or technologies in the future; our inability to identify companies to acquire; our inability to successfully integrate companies that we do acquire; and the risks associated with our dependence on a few key personnel to manage our business effectively.
For a discussion of these and other factors that could impact our financial results and cause actual results to differ materially from those in the forward-looking statements, please refer to our recent filings with the Securities and Exchange Commission, and in particular, our Form 10-K filed on March 8, 2007. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.
About Staktek Holdings
Staktek is a market-leading provider of intellectual property and services for next-generation module technologies for high-speed, high-capacity systems. Staktek's TSOP and BGA memory stacking solutions increase operational performance by doubling, tripling or quadrupling the amount of memory in the same physical footprint as required by standard packaging technologies. Staktek's ArctiCore is a module technology using a double-sided, multi-layer flexible circuit folded around an aluminum core and is designed for superior thermal, mechanical and electrical performance. With an IP portfolio of more than 200 patents and patent applications pending, the company offers flexibility for customers, including outsourced manufacturing, technology licensing and custom engineering. Headquartered in Austin, Texas, Staktek operates an ISO-certified manufacturing facility in Reynosa, Mexico. For more information, go to http://www.staktek.com.
Staktek is a trademark of Staktek Group LP.
Non-GAAP Financial Measurements
In addition to the GAAP results provided by this document, the company has provided non-GAAP financial measurements that present operating income, net income and earnings per diluted share on a basis excluding non-cash charges for stock-based compensation and amortization and impairment of acquisition intangibles and the associated income tax effect. Details of these excluded items are presented in one of the tables below, which reconcile the GAAP results to non-GAAP financial measurements described in this press release. Also, this press release, the associated tables and the reconciliation from GAAP results to additional non-GAAP financial measurements that may be discussed in the Q2 2007 earnings conference call can be found on the company's web site at http://www.staktek.com. Staktek has chosen to provide non-GAAP financial measurements to investors because it believes that excluding certain charges represents a better basis for the comparison of its current results to the results of its peer companies. In addition, the company believes that it provides a means to highlight the results of core ongoing operations to investors. The presentation of this additional information is not meant to be considered in isolation or as a substitute for results prepared in accordance with GAAP.
STAKTEK HOLDINGS, INC.
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except per share data; unaudited)
Three Months Ended
Jun. 30, Mar. 31, Jun. 30,
2007 2007 2006
Revenue:
Services $ 7,464 $ 7,182 $ 11,094
License 775 1,496 3,325
Total revenue 8,239 8,678 14,419
Cost of revenue:
Services (1) 5,729 5,848 7,045
Amortization and impairment of acquisition intangibles 1,103 1,700 1,656
Total cost of revenue 6,832 7,548 8,701
Gross profit 1,407 1,130 5,718
Operating expenses:
Selling, general and administrative (1) 3,389 3,339 3,769
Research and development (1) 1,493 1,776 1,680
Restructuring - - 391
Amortization of acquisition intangibles 138 138 204
Total operating expenses 5,020 5,253 6,044
Loss from operations (3,613 ) (4,123 ) (326 )
Other income (expense):
Interest income 839 836 741
Interest expense (6 ) (2 ) -
Other, net (21 ) (32 ) (28 )
Total other income, net 812 802 713
Income (loss) before income taxes (2,801 ) (3,321 ) 387
Provision (benefit) for income taxes 1,307 (385 ) (205 )
Net income (loss) $ (4,108 ) $ (2,936 ) $ 592
Earnings (loss) per share:
Basic $ (0.09 ) $ (0.06 ) $ 0.01
Diluted $ (0.09 ) $ (0.06 ) $ 0.01
Shares used in computing earnings (loss) per share:
Basic 47,380 47,377 48,303
Diluted 47,380 47,377 49,894
(1) Includes stock-based compensation expense as follows:
Cost of revenue $ 110 $ 101 $ 155
Selling, general and administrative expense 1,273 1,240 1,171
Research and development expense 238 246 229
$ 1,621 $ 1,587 $ 1,555
STAKTEK HOLDINGS, INC.
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except per share data; unaudited)
Six Months Ended
Jun. 30, Jun. 30,
2007 2006
Revenue:
Services $ 14,646 $ 20,726
License 2,271 6,173
Total revenue 16,917 26,899
Cost of revenue:
Services (1) 11,577 13,549
Amortization and impairment of acquisition intangibles 2,803 3,312
Total cost of revenue 14,380 16,861
Gross profit 2,537 10,038
Operating expenses:
Selling, general and administrative (1) 6,728 7,309
Research and development (1) 3,269 4,015
Restructuring - 391
Amortization of acquisition intangibles 276 408
Total operating expenses 10,273 12,123
Loss from operations (7,736 ) (2,085 )
Other income (expense):
Interest income 1,675 1,411
Interest expense (8 ) (5 )
Other, net (53 ) (35 )
Total other income, net 1,614 1,371
Loss before income taxes (6,122 ) (714 )
Provision (benefit) for income taxes 922 (456 )
Net loss $ (7,044 ) $ (258 )
Loss per share:
Basic $ (0.15 ) $ (0.01 )
Diluted $ (0.15 ) $ (0.01 )
Shares used in computing loss per share:
Basic 47,414 48,178
Diluted 47,414 48,178
(1) Includes stock-based compensation expense as follows:
Cost of revenue $ 211 $ 294
Selling, general and administrative expense 2,513 2,192
Research and development expense 484 515
$ 3,208 $ 3,001
STAKTEK HOLDINGS, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(in thousands, except per share data; unaudited)
Three Months Ended
June 30, March 31, June 30,
2007 2007 2006
GAAP loss from operations $ (3,613) $ (4,123) $ (326)
Non-GAAP adjustments:
Amortization and impairment of acquisition intangibles 1,241 1,838 1,860
Stock-based compensation expense 1,621 1,587 1,555
Total non-GAAP adjustments 2,862 3,425 3,415
Non-GAAP income (loss) from operations $ (751) $ (698) $ 3,089
GAAP net income (loss) $ (4,108) $ (2,936) $ 592
Total non-GAAP adjustments affecting income (loss) from operations 2,862 3,425 3,415
Tax adjustmenta
794 (419) (1,429)
Non-GAAP net income (loss) $ (452) $ 70 $ 2,578
Shares used in calculating non-GAAP diluted earnings (loss) per share 47,380 48,382 49,894
Non-GAAP diluted earnings (loss) per share $ (0.01) $ 0.00 $ 0.05
a The non-GAAP tax adjustment represents the tax effect of the non-GAAP adjustments.
STAKTEK HOLDINGS, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(in thousands, except per share data; unaudited)
Six Months Ended
June 30, June 30,
2007 2006
GAAP loss from operations $ (7,736) $ (2,085)
Non-GAAP adjustments:
Amortization and impairment of acquisition intangibles 3,079 3,720
Stock-based compensation expense 3,208 3,001
Total non-GAAP adjustments 6,287 6,721
Non-GAAP income (loss) from operations $ (1,449) $ 4,636
GAAP net loss $ (7,044) $ (258)
Total non-GAAP adjustments affecting income (loss) from operations 6,287 6,721
Tax adjustmenta
375 (2,390)
Non-GAAP net income (loss) $ (382) $ 4,073
Shares used in calculating non-GAAP diluted earnings (loss) per share 47,414 49,979
Non-GAAP diluted earnings (loss) per share $ (0.01) $ 0.08
a The non-GAAP tax adjustment represents the tax effect of the non-GAAP adjustments.
STAKTEK HOLDINGS, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS
(in thousands)
Jun. 30, Dec. 31,
2007 2006
ASSETS (unaudited)
Current assets:
Cash and cash equivalents $ 43,845 $ 40,797
Investments 34,214 38,874
Accounts receivable 3,700 5,479
Inventories 2,130 2,355
Prepaid expenses 820 638
Other current assets 1,699 1,219
Total current assets 86,408 89,362
Property, plant and equipment, net 5,286 6,766
Deferred tax asset 16 932
Goodwill 28,081 28,081
Other intangibles, net 6,952 9,903
Other assets 86 147
Total assets $ 126,829 $ 135,191
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 888 $ 1,228
Accrued compensation 1,169 2,159
Accrued liabilities 929 1,083
Income taxes payable - 343
Deferred margin 133 -
Current maturities of capitalized lease obligations 19 19
Total current liabilities 3,138 4,832
Capitalized lease obligations, less current maturities 66 75
Other accrued liabilities 243 256
Stockholders' equity:
Capital stock 160,454 157,245
Treasury stock (23,471) (20,676)
Accumulated other comprehensive loss (20) (4)
Accumulated deficit (13,581) (6,537)
Total stockholders' equity 123,382 130,028
Total liabilities and stockholders' equity $ 126,829 $ 135,191
Staktek Holdings, Inc., Austin
Kirk Patterson, 512-454-9531
Senior Vice President and CFO
or
Investor Contact:
Shelton Investor Relations
For Staktek Holdings, Inc.
Beverly Twing, 972-239-5119 x 126
investors@staktek.com
Source: Business Wire (August 1, 2007 - 3:04 PM EST)
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