Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 201

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 2
Chunk 201
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 reasons described above.

37

Comparison of Nine Months Ended September
30, 2024 and 2023

The following table sets forth key components of our results of operations during the nine months ended September 30, 2024 and 2023 both
in dollars and as a percentage of our revenues.

    Nine Months Ended September 30, 

    2024  
    2023 (Restated) 

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

    Sales 
    $55,204  
     99.2% 
    $52,207  
     98.4%
  
    Sales – related parties 
     460  
     0.8% 
     853  
     1.6%
  
    Total sales 
     55,664  
     100.0% 
     53,060  
     100.0%

    COST OF SALES: 

    Cost of sales 
     38,278  
     68.8% 
     35,348  
     66.6%
  
    Cost of sales - related parties 
     354  
     0.6% 
     656  
     1.2%
  
    Total cost of sales 
     38,632  
     69.4% 
     36,004  
     67.9%

    GROSS PROFIT 
     17,032  
     30.6% 
     17,056  
     32.1%

    OPERATING EXPENSES: 

    General and administrative expenses 
     20,993  
     37.7% 
     17,968  
     33.9%
  
    Total operating expenses 
     20,993  
     37.7% 
     17,968  
     33.9%

    (LOSS) INCOME FROM OPERATIONS 
     (3,961) 
     (7.1)% 
     (912) 
     (1.7)%

    OTHER INCOME: 

    Other (expense) income 
     (6) 
     —% 
     219  
     0.4%