Stran Q3 revenue $13.6M (+24% YoY); net loss of $0.7M vs profit of $0.7M prior year

Stran & Company, Inc.

2022-Q3 EPS reported -$0.05 revenue$40,642,559

Q3 revenue $13.6M, +24% YoY from $10.9M; nine-month revenue +50% YoY.
Gross profit $4.2M (31.3% margin) vs $3.7M (34.0%) last year.
Net loss of ~$0.7M vs net earnings of $0.7M in Q3 2021; loss due to lead gen, integration costs, public company expenses.
Cash and short-term investments $22M; no long-term debt.
Acquired Trend Brand Solutions in Aug 2022; signed multi-year contract projected to generate >$1M annual revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Stran & Company, Inc. reported the three months ended September 30, 2022 results: revenue $13.6 million, net income approximately $0.7 million.

Period: the three months ended September 30, 2022
Revenue: $13.6 million
Net income: approximately $0.7 million
Result: reported results

Exact text from the filing

Revenue for the three months ended September 30, 2022 was $13.6 million compared to $10.9 million for the same period in 2021.

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Stran & Company, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-071575

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