Stran & pany(SWAG) - 2023 Q4 - Earnings Call Transcript

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 ...