Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 108

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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Gross
Profit

Gross profit by segment and in total were as follows
(in thousands):

    Six Months 
Ended 
June 30,   
       
    Six Months 
Ended 
June 30,   
       
    Increase / (Decrease) 

    2025  
    % of Total  
    2024  
    % of Total  
    $  
    % 
  
    Stran 
    $14,385  
     78.4% 
    $11,080  
     100.0% 
    $3,305  
     29.8%
  
    SLS 
     3,966  
     21.6% 
     —  
     —% 
     3,966  
     100.0%
  
    Total gross profit 
    $18,351  
     100.0% 
    $11,080  
     100.0% 
    $7,271  
     65.6%

Gross profit
consists of sales less total cost of sales. Our total gross profit increased 65.6% to approximately
$18.4 million, or 30.0% of sales, for
the six months ended June 30, 2025, from approximately $11.1 million, or 31.2% of sales, for the six months ended June 30, 2024. Gross
profit of our Stran segment increased to approximately $14.4 million for the six months ended June 30, 2025 from approximately $11.1 million
for the six months ended June 30, 2024. Gross profit of our SLS segment increased to approximately $4.0 million for the six months ended
June 30, 2025 from $0 for the six months ended June 30, 2024. The increase in the dollar amount of total gross profit was primarily due
to the acquisition of the Gander Group Assets in August 2024. For the Stran segment, the
increase in the dollar amount of gross profit of approximately $7.2 million was due to an increase in sales for the reasons described
above, which was partially offset by an increase of cost of sales of approximately $3.9 million for the reasons described above. For the
SLS segment, the increase in the dollar amount of gross profit was