Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 255

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 255
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; 

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

●our
                                            ability to attract and retain talented employees; and

●market
                                            conditions and our market position.

30

Results of Operations

The following table sets forth key components
of our results of operations during the three months ended March 31, 2024 and 2023 both in dollars and as a percentage of our revenues.

    Three Months Ended March 31, 

    2024  
    2023 (Restated) 

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

    Sales 
    $18,781  
     99.8% 
    $15,971  
     100.0%
  
    Sales – related parties 
     46  
     0.2% 
     —  
     —%
  
    Total sales 
     18,827  
     100.0% 
     15,971  
     100.0%

    COST OF SALES: 

    Cost of sales 
     13,178  
     70.0% 
     10,562  
     66.1%
  
    Cost of sales - related parties 
     35  
     0.2% 
     —  
     —%
  
    Total cost of sales 
     13,213  
     70.2% 
     10,562  
     66.1%

    GROSS PROFIT 
     5,614  
     29.8% 
     5,409  
     33.9%

    OPERATING EXPENSES: 

    General and administrative expenses 
     6,279  
     33.4% 
     5,991  
     37.5%
  
    Total operating expenses 
     6,279  
     33.4% 
     5,991  
     37.5%

    LOSS FROM OPERATIONS 
     (665) 
     (3.5)% 
     (582) 
     (3.6)%

    OTHER INCOME: 

    Other income 
     15  
     0.1% 
     —