Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 145

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 145
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 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, from
37.7% for the nine months ended September 30, 2024. As a percentage of sales, operating
expenses of our Stran segment decreased to 35.1% for the nine months ended September 30, 2025 from
38.7% for the nine