---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-005514"
form_type: "8-K"
ticker: "SWAG"
cik: "0001872525"
company_name: "Stran & Company, Inc."
filed_at: "2025-01-22T23:59:59+00:00"
generated_at: "2026-05-27T21:01:42.215626+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-005514
- form_type: 8-K
- ticker: SWAG
- cik: 0001872525
- company_name: Stran & Company, Inc.
- filed_at: 2025-01-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872525/000121390025005514/0001213900-25-005514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872525/000121390025005514/ea0228311-8k_stran.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-005514
- JSON: https://secwatch.observer/filing/0001213900-25-005514.json
- Plain text: https://secwatch.observer/filing/0001213900-25-005514.txt

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