Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 42

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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31, 2025 from 29.8% for the three
months ended March 31, 2024. The gross profit margin for the SLS segment was 21.8% for the
three months ended March 31, 2025.

Operating
Expenses

Operating expenses by segment and in total were
as follows (in thousands):

    Three Months  Ended March 31,  
       
    Three Months  Ended March 31,  
       
    Increase / (Decrease) 

    2025  
    % of Total  
    2024  
    % of Total  
    $  
    % 

    Stran 
    $6,864  
     76.1% 
    $6,279  
     100.0% 
    $585  
     9.3%
  
    SLS 
     2,153  
     23.9% 
     —  
     —% 
     2,153  
     100.0%
  
    Total operating expenses 
    $9,017  
     100.0% 
    $6,279  
     100.0% 
    $2,738  
     43.6%

Operating expenses consist of general
and administrative expenses. Our total operating expenses increased 43.6% to approximately $9.0 million for the three months ended March
31, 2025, from approximately $6.3 million for the three months ended March 31, 2024. Operating expenses of our Stran segment increased
to approximately $6.9 million for the three months ended March 31, 2025 from approximately $6.3 million for the three months ended March
31, 2024. Operating expenses of our SLS segment increased to approximately $2.2 million for the three months ended March 31, 2025 from
$0 for the three months ended March 31, 2024. As a percentage of sales, operating expenses decreased to 31.4% for the three months ended
March 31, 2025, from 33.4% for the three months ended March 31, 2024. As a percentage of sales, operating expenses of our Stran segment
decreased to 32.8% for the three months ended March 31, 2025 from