Stran Q4 revenue up 45% to $18.3M, net income $903K vs loss year ago

Stran & Company, Inc.

Q4 2022 revenue $18.3M (+45% YoY); net income $903K vs net loss $31K in Q4 2021.
Full year 2022 revenue $59.0M (+48.5% YoY); net loss $0.8M vs net earnings $0.2M in 2021.
Completed three acquisitions in 2022 (G.A.P., Trend, Premier NYC); pending T R Miller acquisition expected Q2 2023.
Repurchased ~1.78M shares under stock repurchase program.
Cash and short-term investments $25.0M; no long-term debt.

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 0.7

Stran & Company, Inc. reported financial results for the fourth fiscal quarter and fiscal year ended December 31, 2022.

Period: the fourth fiscal quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 30, 2023, Stran & Company, Inc. (the “Company”) issued a press release providing a business update and reporting its financial results for the fourth fiscal quarter and fiscal year ended December 31, 2022.

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Stran & Company, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-024289

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