Stran Q3 net loss $2.0M vs profit $1.3M; Nasdaq listing extended

Stran & Company, Inc.

Revenue $20.1M (+2.4% YoY); gross margin 29.5%, down from 32.5% due to higher product costs.
Net loss $2.0M vs. net income $1.3M in Q3 2023; nine-month loss $3.6M vs. $0.1M.
Nasdaq Hearings Panel granted listing extension; current on filings and regained bid-price compliance.
Acquired Gander Group assets in Aug 2024; contributed to SLS segment revenue.
Cash and investments $17.0M as of Sep 30, 2024; management optimistic for 2025 organic growth.

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