Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 47

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 the fiscal year following the fifth anniversary of our initial public offering, (ii) the last day
of the first fiscal year in which our total annual gross revenues are $1.07 billion or more, (iii) the date that we become a “large
accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
which would occur if the market value of our common stock that is held by non-affiliates exceeds $700.0 million as of the last business
day of our most recently completed second fiscal quarter or (iv) the date on which we have issued more than $1.0 billion in non-convertible
debt during the preceding three year period.

To the extent that we continue to qualify as a
“smaller reporting company,” as such term is defined in Rule 12b-2 under the Exchange Act, after we cease to qualify as an
emerging growth company, certain of the exemptions and accommodations available to us as an emerging growth company may continue to be
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