---
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"
generated_at: "2026-06-11T12:53:57.227964+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stran Q2 revenue up 18% to $17.5M; gross margin improves to 29.1% but net loss widens

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1872525/000121390023066484/0001213900-23-066484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872525/000121390023066484/ea183414-8k_stranandco.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-066484
- JSON: https://secwatch.observer/filing/0001213900-23-066484.json
- Plain text: https://secwatch.observer/filing/0001213900-23-066484.txt

## Key facts
- Earnings Releases
  Stran & Company, Inc. reported the three months ended June 30, 2023 results: revenue $17.5 million, net income Net loss ... approximately $0.8 million.
  - Period: the three months ended June 30, 2023
  - Revenue: $17.5 million
  - Net income: Net loss ... approximately $0.8 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1872525/000121390023066484/0001213900-23-066484-index.htm

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