---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-039261"
form_type: "8-K"
ticker: "SWAG"
cik: "0001872525"
company_name: "Stran & Company, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:38:18.327698+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stran Q1 revenue up 28.7% to $15.8M; net loss widens to $0.7M

## Summary
- Revenue of $15.8M (+28.7% YoY); organic growth of 17.7%.
- Gross profit $4.7M (+45.9%); margin expands to 29.8% from 26.3%.
- Net loss $0.7M vs $0.5M loss a year ago on integration and ERP costs.
- Signed loyalty contract with multinational beauty company covering 4M+ influencers.
- Cash and investments ~$20M; TR Miller acquisition expected to close in Q2.

## SEC filing metadata
- accession: 0001213900-23-039261
- form_type: 8-K
- ticker: SWAG
- cik: 0001872525
- company_name: Stran & Company, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872525/000121390023039261/0001213900-23-039261-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872525/000121390023039261/ea178549-8k_stranandco.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-039261
- JSON: https://secwatch.observer/filing/0001213900-23-039261.json
- Plain text: https://secwatch.observer/filing/0001213900-23-039261.txt

## Key facts
- Earnings Releases
  Stran & Company, Inc. reported the three months ended March 31, 2023 results: revenue approximately $15.8 million, net income approximately $0.7 million.
  - Period: the three months ended March 31, 2023
  - Revenue: approximately $15.8 million
  - Net income: approximately $0.7 million
  - Result: reported results
  source text: Financial Results Revenue increased 28.7% to approximately $15.8 million for the three months ended March 31, 2023 from approximately $12.3 million for the three months ended March 31, 2022. The increase was primarily due to higher spending from existing clients as well as business from new customers. Additionally, the Company benefited from the acquisitions of the G.A.P. Promotions assets in January 2022, the Trend Brand Solutions assets in August 2022, and the Premier NYC assets in December 2022. Gross profit increased 45.9% to approximately $4.7 million, or 29.8% of revenue, for the three months ended March 31, 2023, from approximately $3.2 million, or 26.3% of revenue, for the three months ended March 31, 2022. The increase in the dollar amount of gross profit was due to increased sales, partially offset by an increase in purchasing costs. Net loss for the three months ended March 31, 2023 was approximately $0.7 million, compared to a net loss of approximately $0.5 million for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1872525/000121390023039261/0001213900-23-039261-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.