Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 37

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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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 acquire new customers or retain existing customers;

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●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;

●our ability to identify or to complete acquisitions or to successfully integrate the businesses we acquire;
and

●market conditions and our market position.

Results of Operations

Comparison of Three Months Ended March 31,
2025 and 2024

The following table sets forth key components
of our results of operations during the three months ended March 31, 2025 and 2024 both in dollars and as a percentage of our revenues.

    Three Months Ended March 31, 

    2025  
    2024 

    Amount (in thousands)  
    % of Revenues  
    Amount (in thousands)  
    % of Revenues 
  
    SALES 

    Sales 
    $28,694  
     100.0% 
    $18,781  
     99.8%
  
    Sales – related parties 
     —  
     —% 
     46  
     0.2%
  
    Total sales 
     28,694  
     100.0% 
     18,827  
     100.0%

    COST OF SALES: 

    Cost