Stran reports Q2 2024 revenue down 4.1% YoY; net loss widens to $1.0M; Q1 revenue up 17.9%

Stran & Company, Inc.

2024-FY EPS reported -$0.22 revenue$82,654,000

Q1 2024 revenue $18.8M (+17.9% YoY); net loss $0.5M unchanged from prior year.
Q2 2024 revenue $16.7M (-4.1% YoY); net loss $1.0M vs $0.9M loss in Q2 2023.
Six-month revenue $35.5M (+6.4% YoY); net loss $1.5M vs $1.4M loss period.
Gross margin declined to 29.8% in Q1 from 33.9% YoY; improved to 32.8% in Q2 from 30.1%.
Company completed restatement of 2022/2023 financials and acquired assets from Gander Group.

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