Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 49

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 49
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31.4% for the nine months
ended September 30, 2024. The gross profit margin for the SLS segment increased to 20.5%
for the nine months ended September 30, 2025 from 18.9% for the nine months ended September 30, 2024. These increases in gross profit
margin were attributable to more efficient buying behaviors.

Operating
Expenses

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

    Nine Months  
       
    Nine Months  

    Ended  
       
    Ended  

    September 30,  
       
    September 30,  
       
    Increase / (Decrease) 

    2025  
    %
    of Total  
    2024  
    %
    of Total  
    $  
    % 

    Stran 
    $21,176  
     77.4% 
    $20,176  
     96.1% 
    $1,000  
     5.0%
  
    SLS 
     6,169  
     22.6% 
     817  
     3.9% 
     5,352  
     655.1%
  
    Total operating expenses 
    $27,345  
     100.0% 
    $20,993  
     100.0% 
    $6,352  
     30.3%

Operating
expenses consist of general and administrative expenses. Our total operating expenses increased 30.3% to
approximately $27.3 million for the nine months ended September 30, 2025,
from approximately $21.0 million for the nine months ended September 30, 2024. Operating
expenses of our Stran segment increased to approximately $21.2 million for the nine months ended September 30, 2025 from approximately
$20.2 million for the nine months ended September 30, 2024. Operating expenses of our SLS segment increased to approximately $6.2 million
for the nine months ended September 30, 2025 from approximately $0.8 million for the nine months ended September 30, 2024. As a percentage
of sales, operating expenses decreased to 31.3% for the nine months ended September 30, 2025,