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]
Stran & Company Reports Preliminary Unaudited Revenue Growth of 17.8% for Fourth Quarter 2024 and 9.3% for Full Year 2024