Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 195

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 2
Chunk 195
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erging growth company, certain of the exemptions and accommodations available to us as an emerging growth company may continue to be
available to us as a smaller reporting company, including as to: (i) the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley
Act; (ii) scaled 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.

34

Principal Factors Affecting Our Financial Performance

Our operating results are primarily affected by
the following factors:

●our ability to identify, acquire, and integrate businesses that complement our current offerings;

●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; and

●market conditions and our market position.

Results of Operations

Comparison of Three Months Ended September
30, 2024 and 2023

The following table sets forth key components
of our results of operations during the three months ended September 30, 2024 and 2023 both in dollars and as a percentage of our revenues.

    Three Months Ended September 30, 

    2024  
    2023 (Restated) 

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

    Sales 
    $19,730  
     97.9% 
    $18,951  
     96.3%
  
    Sales – related parties 
     414  
     2.1% 
     723  
     3.7%
  
    Total sales 
     20,144  
     100.0% 
     19,674  
     100.0%

    COST OF SALES: 

    Cost of sales 
     13,873  
     68.9% 
     12,719  
     64.6%
  
    Cost of sales - related parties 
     319  
     1.6% 
     556  
     2.8%
  
    Total cost of sales 
     14,192