Stran completes financial restatements for 2022 and 2023; net loss narrows to $0.4M in 2023

Stran & Company, Inc.

Restated 2023 sales of $76.0M, up 31.3% from $57.9M; gross margin improved to 32.7% from 26.6%.
Net loss for 2023 reduced to $0.4M from $3.5M in 2022, driven by acquisition and organic growth.
Acquired assets of Gander Group in November 2024 to strengthen casino loyalty sector.
Secured key contracts in 2024 with a recreational watercraft maker and a pet supply retailer.
Expanded agreements with existing clients across automotive, engineering, and oil & gas sectors.

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