Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 86

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 86
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 Factors Affecting Our Financial Performance Our operating results are primarily affected by the following factors:

| ● | 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; |

| ● | 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. |

44 Results of Operations The following table sets forth key components of our results of operations during the years ended December 31, 2023 and 2022, both in dollars and as a percentage of our revenues.

| SALES                                                 |     | Years Ended December 31, 
 2023 (Restated)          
 Amount (in               
 thousands)               |        |   |     | %           
 of Revenues |       |    |     | 2022 (Restated) 
 Amount (in      
 thousands)      |        |   |     | %           
 of Revenues |       |    |
|:------------------------------------------------------|:----|:-------------------------|-------:|:--|:----|:------------|------:|:---|:----|:----------------|-------:|:--|:----|:------------|------:|:---|
| Sales                                                 |     | $                        | 75,147 |   |     |             |  98.9 | %  |     | $               | 57,878 |   |     |             | 100.0 | %  |
| Sales – related parties                               |     |                          |    853 |   |     |             |   1.1 | %  |     |                 |      — |   |     |             |     — | %  |
| Total sales                                           |     |                          | 76,000 |   |     |             | 100.0 | %  |     |                 | 57,878 |   |     |             | 100.0 | %  |
| COST OF SALES:                                        |     |                          |        |   |     |             |       |    |     |                 |        |   |     |             |       |    |
| Cost of sales                                         |     |                          | 50,492 |   |     |             |  66.4 | %  |     |                 | 42