Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 324

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 324
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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.

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;

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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.

Results of Operations

Comparison of Three Months Ended June 30,
2024 and 2023

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

    Three Months Ended June 30, 

    2024  
    2023 (Restated) 

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

    Sales 
    $16,693  
     100.0% 
    $17,285  
     99.3%
  
    Sales – related parties 
     —  
     —% 
     130  
     0.7%
  
    Total sales 
     16,693  
     100.0% 
     17,415  
     100.0%

    COST OF SALES: 

    Cost of sales 
     11,226  
     67.2% 
     12,067  
     69.3%
  
    Cost of sales - related parties 
     —  
     —% 
     100  
     0.6%
  
    Total cost of sales 
     11,226  
     67.2% 
     12,167  
     69.9%

    GROSS PROFIT 
     5,467