Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 101

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 101
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 months ended June 30, 2025 from $0 for the three months ended June 30, 2024. The increase in the dollar amount
of total cost of sales was primarily due to the increase in sales of 95.2% from period to period. For the Stran segment, the increase
was primarily due to the increase in sales described above. For the SLS segment, the increase was due to the acquisition of the Gander
Group Assets in August 2024.

Gross Profit

Gross profit by segment and in total were as
follows (in thousands):

    Three Months 
Ended
June 30,  
       
    Three Months 
Ended
June 30,  
       
    Increase / (Decrease) 

    2025  
    % of Total  
    2024  
    % of Total  
    $  
    % 
  
    Stran 
    $7,594  
     76.9% 
    $5,467  
     100.0% 
    $2,127  
     38.9%
  
    SLS 
     2,275  
     23.1% 
     —  
     —% 
     2,275  
     100.0%
  
    Total gross profit 
    $9,869  
     100.0% 
    $5,467  
     100.0% 
    $4,402  
     80.5%

30

Gross profit consists of sales less total cost
of sales. Our total gross profit increased 80.5% to approximately $9.9 million, or 30.3% of sales, for the three months ended June 30,
2025, from approximately $5.5 million, or 32.8% of sales, for the three months ended June 30, 2024. Gross profit of our Stran segment
increased to approximately $7.6 million for the three months ended June 30, 2025 from approximately $5.5 million for the three months
ended June 30, 2024. Gross profit of our SLS segment increased to approximately $2.3 million for the three months ended June 30, 2025
from $0 for the three months ended June 30, 2024. The increase in the dollar amount