earnings
confidence high
sentiment negative
materiality 0.60
Stran & Company reports FY2024 sales up 8.8% to $82.7M, net loss widens to $4.1M
Stran & Company, Inc.
2025-Q1 EPS reported
-$0.02
revenue$28,694,000
- Sales $82.7M (+8.8% YoY); gross profit $25.8M (31.2% margin, down from 32.7%).
- Net loss $4.1M vs $0.4M loss in FY2023; operating expenses rose 17.6% to $30.7M.
- Gander Group acquisition contributed $9.9M in sales since August 2024; integration costs weighed on margins.
- Re-audit of 2022/2023 financial statements completed; CFO cites restored compliance.
- Management targets surpassing $100M in annual sales in 2025; conference call on April 15.