From GlobeNewswire: 2025-03-07 17:00:00

Stran & Company, Inc. received a listing extension from the Nasdaq Hearings Panel on March 3, 2025, subject to three conditions: becoming current on financial filings, meeting the minimum closing bid price requirement, and holding the annual shareholder meeting for 2024. Sales for the three months ended September 30, 2024, grew by 2.4% to $20.1 million.

The acquisition of Gander Group assets in August 2024 has positioned Stran for revenue growth in 2025. Despite some reduced customer spending in the second half of 2024, Stran remains confident in its financial position, with $17.0 million in cash, cash equivalents, and investments as of September 30, 2024.

For the three months ended September 30, 2024, sales increased by 2.4% to approximately $20.1 million, while gross profit decreased by 7.0% to approximately $6.0 million. The net loss for the same period was approximately $2.0 million compared to a net profit of approximately $1.3 million for the three months ended September 30, 2023.

Sales for the nine months ended September 30, 2024, increased by 4.9% to approximately $55.7 million. Gross profit decreased by 0.1% to approximately $17.0 million. The net loss for this period was approximately $3.6 million compared to a net loss of approximately $0.1 million for the nine months ended September 30, 2023.

Stran, a leader in the promotional products industry for over 30 years, specializes in marketing programs using promotional products, branded merchandise, and loyalty incentives. The company’s mission is to build lasting brand loyalty by connecting clients with customers and employees. Additional information can be found on the company’s website.



Read more at GlobeNewswire:: Stran & Company Reports Financial Results for Three and