Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 36

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part II, Item 8
Chunk 36
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      $1,265    29,239,195   Diluted earnings per share       $0.04  

Q.SEGMENTS:

The company has two reportable segments,
Stran & Company, Inc. (“Stran”) and Stran Loyalty Solutions (“SLS”). The segment Stran operates as an outsourced
marketing solutions provider that sells branded products to customers. It purchases products and branding through various third-party
manufacturers and decorators and resells the finished goods to customers. The segment earns the majority of its revenue from the sale
of unique, quality promotional products for a wide variety of industries primarily to support marketing efforts. The segment SLS specializes
in creating high-quality, branded merchandise for casinos, sourced through various third-party manufacturers, focusing on promotional
products that enhance customer loyalty and engagement. It partners with nationally recognized brands to create high-quality, custom products
that resonate with casino patrons, helping casinos drive redemption rates and ROI through tailored merchandise and marketing solutions.

29

STRAN & COMPANY,
INC.
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands, except share and per share amounts)

As of September 30, 2024, Stran and
SLS had total assets of $38,868 and $9,943, respectively. Revenue and costs are directly attributed to the Company’s segments and there
is no allocation of revenue and costs between the Company’s two segments.

The table below presents information
about reported segments for the three and nine months ended September 30, 2024. The Company was one reportable segment for the three and
nine months ended September 30, 2023.

    For the Three Months Ended September 30, 2024  
    For the Nine Months Ended September 30, 2024 

    Stran  
    SLS  
    Total  
    Stran  
    SLS  
    Total 
  
    Sales 
    $16,656  
    $3,488  
    $20,144  
    $52,176  
    $3,488  
    $55,664 
  
    Gross profit 
    $5,294  
    $658  
    $5,952  
    $16,374  
    $658  
    $17,032 
  
    Operating loss 
    $(2,025) 
    $(159