Gross margin expected to increase by over 100 basis points versus first quarter of 2023 Quincy, MA, June 28, 2024 (GLOBE NEWSWIRE) -- Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today reported preliminary selected unaudited results for the first quarter of 2024. The selected unaudited results in this press release are preliminary and subject to the c ...

"We are pleased to engage Marcum as they are one of the top-ranked by market share and among the largest PCAOB-registered audit and accounting firms in the U.S.," commented Andy Shape, President and CEO of Stran. "We believe it will be a swift transition to Marcum, at which time we look forward to resuming our scheduled reporting on our financial information as the information can be made available." About Stran Marcum offers its clients a full spectrum of traditional tax, accounting, and assurance services ...

"We are very proud to expand these meaningful contracts with leading organizations," commented Andy Shape, CEO of Stran. "These customers selected us based on our performance, trusted relationship, and consistent reliability of products and services. Our products management technology is designed for each customer to increase brand awareness, streamline operations, and enhance efficiency. In the case of one customer, their sales had doubled over a short period and they needed quick scaling of products, whic ...

Quincy, MA, June 04, 2024 (GLOBE NEWSWIRE) -- Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ:SWAG, SWAGW))), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced that it has secured six-figure agreements with two industry-leading customers. First, Stran signed an agreement with one of the world's largest manufacturers of recreational watercrafts, which selected Stran to manage its promotional marketing based in p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) For the fiscal year ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No. 001-41038 STRAN & COMPANY, INC. (Exact name of registrant as specified in its charter) | Nevada | 04-3297200 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or org ...

Gross profit increased 50.2% to approximately $24.9 million or 32.8% of sales for the year ended December 31, 2023 from approximately $16.6 million or 28.1% of sales for the year ended December 31, 2022. The increase in the dollar amount gross profit was due to increased sales, partially offset by an increase in purchasing and freight costs. Net income for the year ended December 31, 2023 was $35,000 compared to a net loss of $778,000 for year ended December 31, 2022. This change was primarily due to the in ...

Exhibit 99.1 Stran & Company Reports 28.7% Increase in Sales and Achieves Profitability for the 2023 Fiscal Year Benefitting from Increased Operating Ef iciency and Economies of Scale, Evidenced by 156% Year-Over-Year Increase in Operating Income for the Fourth Quarter of 2023 Andy Shape, President and CEO of Stran, commented, "We made meaningful progress throughout 2023, resulting in record sales of approximately $75.9 million, a 28.7% increase over the prior year. Additionally, our gross profit increased ...

Company Participants Alexandra Schilt - VP, Crescendo Communications Andy Shape - CEO David Browner - CFO Greetings, and welcome to the Stran & Company Third Quarter 2023 Earnings Call. [Operator Instructions] Please note, this conference is being recorded. Good morning, and thank you for joining Stran & CompanyÂ's 2023 third quarter financial results and business update conference call. On the call with us today are Andy Shape, Chief Executive Officer; and David Browner, Chief Financial Officer. These stat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File Number: 001-41038 STRAN & COMPANY, INC. (Exact name of registrant as specified in its charter) Nevada 04-32 ...

Operator Good morning, and thank you for joining Stran & Company's 2023 Second Quarter Financial Results and Business Update Conference Call. On the call with us today are Andy Shape, Chief Executive Officer; and David Browner, Chief Financial Officer. The company issued a press release today, August 14, 2023, containing its 2023 second quarter financial results, which is also posted on the company's website. Andy Shape G.A.P. Promotions, Trend Brand Solutions, Premier NYC and our most recent acquisition of ...