Core Insights - Stran & Company, Inc. reported strong revenue growth for Q4 2024 and the full year, driven by successful execution of its expansion strategy and integration of Gander Group™ assets [2][3] Financial Performance - Q4 2024 revenue is expected to be approximately $27 million, a 17.8% increase from about $23 million in Q4 2023 [2] - Full year 2024 revenue is projected to reach approximately $83 million, representing a 9.3% increase from $76 million in 2023 [2] - As of December 31, 2024, the company expects to have approximately $18 million in cash equivalents and investments, with no long-term debt [2] Strategic Initiatives - The company is focusing on enhancing capabilities and expanding its customer base in the gaming, casino, and entertainment sectors [3] - Stran continues to identify new cross-selling opportunities and drive operational efficiencies [3] - The company remains optimistic about long-term growth prospects and plans to invest in strategic initiatives to maximize shareholder value [3] Company Background - Stran has over 30 years of experience in the promotional products industry, specializing in complex marketing programs [4] - The company serves many Fortune 500 companies across various industries, executing promotional marketing, loyalty, and incentive campaigns [4] - Stran aims to develop long-term relationships with clients to build lasting brand loyalty [4]

Core Insights - Stran & Company, Inc. reported preliminary unaudited results for Q4 and full year 2024, indicating strong revenue growth driven by successful expansion strategies [1][3] Financial Performance - Q4 2024 revenue is expected to be approximately $27 million, a 17.8% increase from about $23 million in Q4 2023 [2] - Full year 2024 revenue is projected to reach approximately $83 million, representing a 9.3% increase from $76 million in 2023 [2] - As of December 31, 2024, the company expects to have around $18 million in cash equivalents and investments, with no long-term debt [2] Strategic Initiatives - The company is focused on integrating assets from Gander Group™, enhancing capabilities and expanding its customer base in the gaming, casino, and entertainment sectors [3] - Stran continues to identify new cross-selling opportunities and drive operational efficiencies [3] - The company remains optimistic about long-term growth prospects and plans to invest in strategic initiatives to maximize shareholder value [3] Company Overview - Stran has over 30 years of experience in the promotional products industry, specializing in complex marketing programs [4] - The company serves many Fortune 500 clients across various industries, executing promotional marketing, loyalty, and incentive campaigns [4] - Stran aims to develop long-term relationships with clients to build lasting brand loyalty [4]

Company Overview - Stran & Company is a leading outsourced marketing solutions provider specializing in promotional products and loyalty incentive programs [1] - The company has over 30 years of experience and serves many Fortune 500 companies across various industries [6][7] - Stran provides complex marketing programs, branded merchandise, and loyalty incentive programs to drive awareness, build brands, and impact sales [6][7] Financial Performance - Sales increased 31.3% to $76.0 million in 2023 from $57.9 million in 2022, driven by higher spending from existing clients and new customers [3] - Gross profit increased 61.5% to $24.9 million in 2023, with gross profit margin improving to 32.7% from 26.6% in 2022 [4] - Net loss decreased to $0.4 million in 2023 from $3.5 million in 2022, primarily due to increased sales from acquisitions and organic growth [5] Business Developments - The company secured key contracts with a leading recreational watercraft manufacturer and a premier U.S. pet supply retailer in 2024 [2] - Stran expanded agreements with multiple existing clients across industries such as automotive, engineering, and oil and gas, each representing six-figure annual revenue potential [2] - In November 2024, Stran acquired the assets of Gander Group, strengthening its position in the casino continuity and loyalty sector [2] Acquisitions Impact - Acquisitions of G.A.P. Promotions, Trend Brand Solutions, Premier NYC, and T R Miller contributed approximately $15.1 million, or 19.9%, of sales in 2023 [3] - These acquisitions accounted for $6.8 million, or 11.7%, of sales in 2022 [3] Balance Sheet Highlights - Total assets decreased to $49.036 million in 2023 from $50.230 million in 2022 [10] - Total liabilities decreased to $13.386 million in 2023 from $14.511 million in 2022 [10] - Stockholders' equity remained relatively stable at $35.650 million in 2023 compared to $35.719 million in 2022 [10] Operational Metrics - General and administrative expenses increased to $25.310 million in 2023 from $17.789 million in 2022 [12] - Goodwill impairment decreased to $810,000 in 2023 from $1.182 million in 2022 [12] - Net loss per common share improved to $0.02 in 2023 from $0.18 in 2022 [12]

Financial Results - Stran & Company, Inc. announced preliminary selected unaudited financial results for the nine months ended September 30, 2024[8]. Company Classification - The company is classified as an emerging growth company under the Securities Act[7]. Forward-Looking Statements - The press release includes forward-looking statements regarding the company's future financial performance and operating results[11].

Completed acquisition of strategic assets of Gander Group™ Revenue expected to grow approximately 7.8% compared to the first nine months of 2023 Quincy, MA, Dec. 23, 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 nine months ended September 30, 2024. "During the quarte ...

Completed acquisition of strategic assets of Gander Group™ Revenue expected to grow approximately 7.8% compared to the first nine months of 2023 Quincy, MA, Dec. 23, 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 nine months ended September 30, 2024. “During the quar ...

Quincy, MA, Dec. 20, 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 announced that on December 17, 2024, it received a letter from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), issuing a Staff delisting determination (the “Staff Determination”). The Staff Determination noted that ...

Quincy, MA, Dec. 20, 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 announced that on December 17, 2024, it received a letter from the Listing Qualifications staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), issuing a Staff delisting determination (the "Staff Determination"). The Staff Determination noted that t ...

Quincy, MA, Nov. 07, 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 significant six-figure agreements, collectively expected to generate more than $2 million in sales annually, with three industry-leading customers. The first agreement was signed with a leading national developer, acquirer, and operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 12, 2024 STRAN & COMPANY, INC. | --- | --- | |--------------------------------------------------------------------------------------------------------|-----------------------| | (Exact name of registrant as specified in its charter) \nNevada 001-41038 | 04-3297200 | | (State or other jur ...