secwatch.observer — SEC 8-K summary
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Issuer:     Stran & Company, Inc. (SWAG)
CIK:        0001872525
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001213900-25-011935
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872525/000121390025011935/0001213900-25-011935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872525/000121390025011935/ea0230622-8k_stran.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-011935

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer