Stran reports preliminary H1 2024 revenue growth ~10%, gross margin up to 31.7%

Stran & Company, Inc.

2024-Q2 EPS reported -$0.08 revenue$35,520,000

Revenue expected to grow approximately 10% vs H1 2023; gross margin rises to 31.7% from 29.4%.
Cash, cash equivalents and investments estimated at $21.5M as of June 30, 2024 (up from $18.5M at Dec 31, 2023).
CEO cites new customers, deeper penetration, and innovative technologies driving growth; eyes M&A opportunities.
Results are preliminary and subject to completion of accounting and interim review procedures.

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