secwatch.observer — SEC 8-K summary
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Issuer:     Stran & Company, Inc. (SWAG)
CIK:        0001872525
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001213900-22-071575
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872525/000121390022071575/0001213900-22-071575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872525/000121390022071575/ea168524-8k_stran.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-071575

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer