Core Viewpoint - Stran & Company, Inc. reported significant financial growth for the second quarter and first half of 2025, with a notable increase in sales and gross profit, while maintaining a strong balance sheet and executing a share repurchase program [1][2]. Financial Performance - Sales for the second quarter of 2025 increased by 95.2% year-over-year to approximately $32.6 million, up from $16.7 million in the same period of 2024 [2][3]. - For the first half of 2025, sales rose by 72.5% to roughly $61.3 million, compared to $35.5 million for the first half of 2024 [7]. - Gross profit for the second quarter increased by 80.5% to approximately $9.9 million, representing 30.3% of sales, down from 32.8% in the prior year [4]. - Gross profit for the first half of 2025 was approximately $18.4 million, a 65.6% increase, with a gross profit margin of 30.0%, down from 31.2% [8]. Operating Expenses and Net Income - Operating expenses for the second quarter increased by 44.1% to approximately $9.5 million, but as a percentage of sales, they decreased to 29.1% from 39.4% [5]. - The company reported a net income of approximately $0.6 million for the second quarter, compared to a net loss of approximately $(1.0) million in the same quarter of 2024 [6]. - For the first half of 2025, net income was approximately $0.3 million, recovering from a net loss of approximately $(1.5) million in the first half of 2024 [9]. Strategic Developments - Stran was recognized by the Advertising Specialty Institute, moving up to 23 in the 2025 Counselor Top 40 distributors list, reflecting its growth and market influence [2]. - The company welcomed new board members with diverse experience, enhancing its strategic perspective [2]. - Stran is now fully compliant with all Nasdaq continued listing requirements, strengthening its governance as a public company [2]. Balance Sheet and Cash Position - The company maintains a robust balance sheet with approximately $18.1 million in cash, cash equivalents, and investments [2]. - During the quarter, Stran executed a share repurchase program, acquiring approximately 110,000 shares at an average price of $1.32, totaling about $145,600 [2].