Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 91

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 2
Chunk 91
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 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;

31

●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  
     32.8% 
     5,248  
     30.1%

    OPERATING EXPENSES: 

    General and administrative expenses 
     6,575  
     39.4% 
     6,245  
     35.9%
  
    Total operating expenses 
     6,575  
     39.4% 
     6,245