Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 189

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 189
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 executive compensation disclosures; (iii) presenting three years of audited financial statements; and (iv) compliance
with certain greenhouse gas emissions disclosure and related third-party assurance requirements.

Principal Factors Affecting Our Financial Performance

Our operating results are primarily affected by
the following factors:

●our ability to acquire new customers or retain existing customers;

●our ability to offer competitive product pricing;

●our ability to broaden product offerings;

●industry demand and competition;

●our ability to leverage technology and use and develop efficient processes;

●our ability to attract and retain talented employees;

●our ability to identify or to complete acquisitions or to successfully integrate the businesses we acquire;
and

●market conditions and our market position.

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Results of Operations

Comparison of Three Months Ended September
30, 2025 and 2024

The following table sets forth key components
of our results of operations during the three months ended September 30, 2025 and 2024 both in dollars and as a percentage of our revenues.

    Three Months Ended September 30, 

    2025  
    2024 

    Amount
 (in thousands)  
    % of Revenues  
    Amount 
(in thousands)  
    % of Revenues 
  
    SALES 

    Sales 
    $25,981  
     100.0% 
    $19,730  
     97.9%
  
    Sales – related parties 
     —  
     —% 
     414  
     2.1%
  
    Total sales 
     25,981  
     100.0% 
     20,144  
     100.0%

    COST OF SALES: 

    Cost of sales 
     18,909  
     72.8% 
     13,873  
     68.9%
  
    Cost of sales - related parties 
     —  
     —% 
     319  
     1.6%
  
    Total cost of sales 
     18,909  
     72.8% 
     14,192  
     70.5%

    GROSS PROFIT 
     7,072  
     27.2% 
     5,952  
     29.5%

    OPERATING EXPENSES: 

    General and administrative expenses 
     8