Stran reports preliminary Q1 2024 revenue growth of 17% YoY and margin improvement

Stran & Company, Inc.

Revenue expected to increase ~17% YoY in Q1 2024 vs Q1 2023.
Gross margin expected to improve by over 100 basis points YoY.
Cash, equivalents and investments rose to $20.2M as of March 31, 2024 from $18.5M at Dec 31, 2023.
Engaged Marcum LLP as new independent auditor after dismissing prior firm; quarterly reporting in progress.
Results are preliminary and subject to completion of interim review procedures.

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