{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-066484","form_type":"8-K","ticker":"SWAG","cik":"0001872525","company_name":"Stran & Company, Inc.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.948085+00:00","generated_at":"2026-06-11T12:53:57.227964+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Stran Q2 revenue up 18% to $17.5M; gross margin improves to 29.1% but net loss widens","bullets":["Revenue $17.5M for Q2 2023, up 18% YoY; organic sales +11%.","Gross profit $5.1M (29.1% margin) vs $3.8M (25.4%) a year ago.","Net loss $0.8M vs $0.4M loss in Q2 2022, driven by higher operating expenses and purchasing costs.","Closed T R Miller acquisition in June 2023; all prior acquisitions now fully integrated.","Cash and investments ~$25.5M; company ranked among Top 40 distributors by ASI."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-066484","json":"https://secwatch.observer/filing/0001213900-23-066484.json","markdown":"https://secwatch.observer/filing/0001213900-23-066484.md","text":"https://secwatch.observer/filing/0001213900-23-066484.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1872525/000121390023066484/0001213900-23-066484-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1872525/000121390023066484/ea183414-8k_stranandco.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T12:53:57.227964+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"450a9d6591ecd5ba5dfa0c912a25b564234fc12b","claim":"Stran & Company, Inc. reported the three months ended June 30, 2023 results: revenue $17.5 million, net income Net loss ... approximately $0.8 million.","evidence_excerpt":"2 ea183414ex99-1_stranandco.htm PRESS RELEASE DATED AUGUST 14, 2023 Exhibit 99.1 Stran & Company Reports 23% Increase in Six-Months Sales Year-Over-Year and Achieves Revenue of $17.5 Million for the Second Quarter of 2023 Conference call to be held today at 10:00 AM ET Quincy, MA / August 14, 2023 / Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: SWAG)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1872525/000121390023066484/0001213900-23-066484-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Revenue","value":"$17.5 million"},{"label":"Net income","value":"Net loss ... approximately $0.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}