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 quar ...

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 ...

Core Viewpoint - Stran & Company, Inc. has received a Staff delisting determination from Nasdaq due to non-compliance with the Filing Rule, specifically for failing to file its Quarterly Reports on Form 10-Q for three periods in 2024 [1] Group 1: Company Compliance and Nasdaq Interaction - The Company was notified on multiple occasions (June 21, August 23, and November 21, 2024) regarding its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the absence of required filings [1] - Stran intends to submit a request for a hearing and an extended stay before a Hearings Panel to address the delisting determination [2][6] - The Staff Determination does not have an immediate effect on trading or delisting of the Company's common stock [1] Group 2: Company Overview - Stran has been a leader in the promotional products industry for over 29 years, focusing on complex marketing programs that enhance brand awareness and drive sales [3] - The Company serves many Fortune 500 clients across various industries, managing promotional marketing, loyalty, and incentive programs [3] - Stran emphasizes long-term client relationships and utilizes advanced technology for order processing, warehousing, and fulfillment [3]

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, 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 ...

Revenue expected to grow approximately 10% compared to the first six months of 2023 Gross margin expected to increase to 31.7% for the first six months of 2024 vs. 29.4% for the first six months of 2023 Cash, cash equivalents and investments expected to increase to $21.5 million as of June 30, 2024, compared to $18.5 million at December 31, 2023 Quincy, MA, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing soluti ...

[Form 8-K Current Report](index=1&type=section&id=Form%208-K) [Company Information](index=1&type=section&id=Company%20Information) This section provides Stran & Company, Inc.'s identification, registration details, and securities listed on NASDAQ - **Stran & Company, Inc.** is an emerging growth company incorporated in Nevada[2](index=2&type=chunk)[9](index=9&type=chunk) Registered Securities on NASDAQ | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :--- | :--- | :--- | | Common Stock, par value $0.0001 per share | SWAG | The NASDAQ Stock Market LLC | | Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $4.81375 | SWAGW | The NASDAQ Stock Market LLC | [Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition) Stran & Company, Inc. announced preliminary Q1 2024 financial results via a press release, furnished but not filed under Section 18 of the Exchange Act - The company issued a press release on **June 28, 2024**, announcing preliminary financial results for the quarter ended **March 31, 2024**[4](index=4&type=chunk) - The press release detailing financial results is attached as **Exhibit 99.1**[4](index=4&type=chunk) - Information under Item 2.02, including Exhibit 99.1, is furnished, not filed under Section 18 of the Exchange Act, and not incorporated by reference unless explicitly stated[11](index=11&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section provides a safe harbor statement for forward-looking information, noting inherent risks and no obligation to update - The report contains forward-looking statements regarding future performance, identified by terms like "may," "will," "believes," and "expects"[12](index=12&type=chunk) - These statements are not guarantees and are subject to substantial risks and uncertainties that could cause material differences in actual results[12](index=12&type=chunk) - The company disclaims any obligation to publicly update forward-looking statements, except as legally required[12](index=12&type=chunk) [Financial Statements and Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits) This section lists exhibits furnished with the Form 8-K, primarily the press release with preliminary financial results Exhibits List | Exhibit No. | Description of Exhibit | | :--- | :--- | | 99.1 | Press Release dated June 28, 2024 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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 ...