Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 80

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 80
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 in total were as
follows (in thousands):

    Three Months  Ended March 31,  
       
    Three Months  Ended March 31,  
       
    Increase / (Decrease) 

    2025  
    % of Total  
    2024  
    % of Total  
    $  
    % 

    Stran 
    $14,144  
     70.0% 
    $13,213  
     100.0% 
    $931  
     7.0%
  
    SLS 
     6,068  
     30.0% 
     —  
     —% 
     6,068  
     100.0%
  
    Total cost of sales 
    $20,212  
     100.0% 
    $13,213  
     100.0% 
    $6,999  
     53.0%

Our total
cost of sales increased 53.0% to approximately $20.2 million
for the three months ended March 31, 2025, from approximately $13.2 million
for the three months ended March 31, 2024. As a percentage of sales, total cost of sales
increased to 70.4% for the three months ended March 31, 2025 from 70.2% for the three
months ended March 31, 2024. Cost of sales by our Stran segment increased to approximately $14.1
million for the three months ended March 31, 2025 from approximately $13.2 million for the three months ended March 31, 2024. Cost of
sales by our SLS segment increased to approximately $6.1 million for the three months ended
March 31, 2025 from $0 for the three months ended March 31, 2024. The increase in the dollar amount of total cost of sales was primarily
due to the increase in sales of 52.4% 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 and gross margin percentages by segment
and in total were as follows (in