{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-026867","form_type":"8-K","ticker":"SWAG","cik":"0001872525","company_name":"Stran & Company, Inc.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.182228+00:00","generated_at":"2026-06-04T06:35:58.114257+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Stran posts record FY2023 sales of $75.9M, achieves profitability","bullets":["Sales $75.9M (+28.7% YoY); gross profit up 50.2% to $24.9M; gross margin 32.8% vs 28.1%.","Net earnings $35K vs net loss $778K in 2022; Q4 net earnings $0.8M on record Q4 sales of $23.3M.","Organic sales growth 16.6% to $61.2M; acquisitions contributed ~$14.7M (19.4% of sales).","Q4 operating income up 156% to $1.1M; cash and investments ~$18.5M at year-end 2023.","Fourth acquisition (T R Miller) closed in June 2023; continued M&A pipeline active."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-026867","json":"https://secwatch.observer/filing/0001213900-24-026867.json","markdown":"https://secwatch.observer/filing/0001213900-24-026867.md","text":"https://secwatch.observer/filing/0001213900-24-026867.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1872525/000121390024026867/0001213900-24-026867-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1872525/000121390024026867/ea0202737-8k_stran.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:35:58.114257+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":"374daca1907f31db6a6d98f024e30784f54d6d21","claim":"Stran & Company, Inc. reported the fourth fiscal quarter and fiscal year ended December 31, 2023 results: revenue approximately $75.9 million, net income approximately $35,000.","evidence_excerpt":"the year ended December 31, 2023. Andy Shape, President and CEO of Stran, commented, “We made meaningful progress throughout 2023, resulting in record sales of approximately $75.9 million, a 28.7% increase over the prior year. Additionally, our gross profit increased 50.2% to approximately $24.9 million, with our gross margin increasing to 32.8% compared to 28.1%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1872525/000121390024026867/0001213900-24-026867-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth fiscal quarter and fiscal year ended December 31, 2023"},{"label":"Revenue","value":"approximately $75.9 million"},{"label":"Net income","value":"approximately $35,000"},{"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"}