Highest-materiality recent filing
Stran Q1 revenue $31.2M (+8.9% YoY); net income $0.7M vs loss; EBITDA $1.0M
Revenue $31.2M (+8.9%), gross profit $9.6M (+13.7%) with margin expansion to 30.9% from 29.6%.
Stran reports 40.6% revenue growth to $116.2M for FY2025; EBITDA turns positive at $0.2M
Revenue $116.2M, up 40.6% YoY; core promotional products organic growth of 12.9%.
Stran Q3 sales up 29% to $26.0M; net loss narrows to $1.2M from $2.0M YoY
Sales $26.0M (+29% YoY); nine-month sales $87.3M (+56.7%).
Stran Q2 sales surge 95.2% to $32.6M, net income turns positive at $0.6M
Q2 sales ~$32.6M (+95.2% YoY); gross profit ~$9.9M (+80.5%); margin 30.3% vs 32.8%.
Stran appoints Brian Posner to Board as Audit Committee Chair
Brian Posner elected to Stran board, effective July 8, 2025; will serve as Chairman of Audit Committee.
Stran appoints Mark Adams and Sarah Cummins to board; three directors resign amicably
Three directors (Travis McCourt, Ashley L. Marshall, Alejandro Tani) resigned effective June 17-18, 2025, amicably and without disagreement.
Stran & Company ranked #12 on 2025 PPAI 100 list, up 8 spots from prior year
Achieved #12 ranking on PPAI 100 list, jumping 8 spots from prior year.
Stran Q1 revenue up 52.4% to $28.7M, organic growth 11.2%, net loss narrows to $0.4M
Revenue $28.7M vs $18.8M YoY; organic growth 11.2%; SLS (Gander) contributed $7.8M.
Stran & Company reports FY2024 sales up 8.8% to $82.7M, net loss widens to $4.1M
Sales $82.7M (+8.8% YoY); gross profit $25.8M (31.2% margin, down from 32.7%).
Stran Q3 net loss $2.0M vs profit $1.3M; Nasdaq listing extended
Revenue $20.1M (+2.4% YoY); gross margin 29.5%, down from 32.5% due to higher product costs.
Stran & Company regains Nasdaq bid price compliance after 11-day streak above $1.00
Received Nasdaq letter on Feb 20, 2025 confirming compliance with Listing Rule 5550(a)(2) after 11 consecutive business days with closing bid price at $1.00 or greater.
Stran reports Q2 2024 revenue down 4.1% YoY; net loss widens to $1.0M; Q1 revenue up 17.9%
Q1 2024 revenue $18.8M (+17.9% YoY); net loss $0.5M unchanged from prior year.
Stran reports preliminary Q4 revenue ~$27M (+17.8% YoY); FY24 ~$83M (+9.3%)
Q4 2024 revenue expected ~$27M, up 17.8% vs restated Q4 2023 revenue of ~$23M.
Stran & Company receives Nasdaq notice of non-compliance with $1.00 minimum bid price
On Jan 27, 2025, Stran received Nasdaq notification that its common stock (SWAG) failed to maintain minimum bid price of $1.00 for 30 consecutive business days.
Stran completes financial restatements for 2022 and 2023; net loss narrows to $0.4M in 2023
Restated 2023 sales of $76.0M, up 31.3% from $57.9M; gross margin improved to 32.7% from 26.6%.
Stran & Company receives additional Nasdaq delisting deficiency for failure to hold annual meeting
Received Nasdaq letter Jan 10, 2025, for not holding annual meeting within 12 months of fiscal year end, violating Rule 5620(a).
Stran completes Gander Group asset acquisition; preliminary 9mo revenue ~$57M (+7.8% YoY)
Acquired strategic assets of Gander Group, a casino loyalty firm with $34M revenue in 2023.
Stran receives Nasdaq delisting determination for failure to file three quarterly reports
Received Staff delisting determination on Dec 17, 2024 for not filing Forms 10-Q for Q1, Q2, Q3 2024.
Stran receives Nasdaq delisting notice for late Q3 10-Q; already on exception until Dec 16
Additional Nasdaq deficiency for failing to file Q3 2024 10-Q; prior exception for Q1 and Q2 filings.
Stran & Company completes acquisition of Bangarang assets for $1.1M cash and $5.5M liabilities
Acquired substantially all assets of Bangarang Enterprises (dba Gander Group) via private sale under Article 9 UCC.
Stran & Company restates 2022-2023 financials due to accounting errors
Audit committee concludes FY 2022, 2023, and Q1-Q3 2022/2023 financials should no longer be relied upon.
Stran & Company receives Nasdaq deficiency notice for delayed Q2 10-Q filing
Company received Nasdaq notification on Aug 23, 2024 for failure to timely file Form 10-Q for quarter ended June 30, 2024.
Total consideration: $1,098,800 cash plus assumption of ~$5.5M in liabilities; $370,000 paid to Bangarang for wind-down.
Stran reports preliminary H1 2024 revenue growth ~10%, gross margin up to 31.7%
Revenue expected to grow approximately 10% vs H1 2023; gross margin rises to 31.7% from 29.4%.
Stran reports preliminary Q1 2024 revenue growth of 17% YoY and margin improvement
Revenue expected to increase ~17% YoY in Q1 2024 vs Q1 2023.
Stran receives Nasdaq delisting notice over late Form 10-Q filing; auditor change cited
Nasdaq notified Stran on June 21, 2024 of non-compliance with Rule 5250(c)(1) for failing to file Q1 2024 Form 10-Q.
Stran dismisses auditor BF Borgers after SEC bars firm; Q1 earnings call postponed
BF Borgers CPA PC dismissed as independent auditor effective May 13, 2024, due to SEC enforcement action.
Stran posts record FY2023 sales of $75.9M, achieves profitability
Sales $75.9M (+28.7% YoY); gross profit up 50.2% to $24.9M; gross margin 32.8% vs 28.1%.
Stran Q3 revenue $19.3M (+42% YoY), net earnings of $684K vs loss of $700K
Revenue $19.3M (+42% YoY); organic revenue up 30% to $15.4M; acquisitions contributed $3.9M (20.4% of sales).
On June 17, 2025, Travis McCourt, and on June 18, 2025, Ashley L. Marshall and Alejandro Tani, delivered written notice of resignation from the board of directors (the “Board”) of Stran & Company, Inc. (the “Company”), effective immediately.
On June 17, 2025, Travis McCourt, and on June 18, 2025, Ashley L. Marshall and Alejandro Tani, delivered written notice of resignation from the board of directors (the “Board”) of Stran & Company, Inc. (the “Company”), effective immediately.
On June 17, 2025, Travis McCourt, and on June 18, 2025, Ashley L. Marshall and Alejandro Tani, delivered written notice of resignation from the board of directors (the “Board”) of Stran & Company, Inc. (the “Company”), effective immediately.
On June 20, 2025, the Board elected each of Mark Charles Adams and Sarah L. Cummins to the Board, filling two of the vacancies on the Board resulting from the resignations of Ms. Marshall, Mr. McCourt, and Mr. Tani.
On June 20, 2025, the Board elected each of Mark Charles Adams and Sarah L. Cummins to the Board, filling two of the vacancies on the Board resulting from the resignations of Ms. Marshall, Mr. McCourt, and Mr. Tani.
On April 12, 2024, Sheila Johnshoy resigned from her position as Chief Operating Officer of the Company.
On January 2, 2024, Jason Nolley and Randolph Birney, each previously a named executive officer, will longer be an “executive officer” of the Company as such term is defined under Rule 3b-7 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
On January 2, 2024, Jason Nolley and Randolph Birney, each previously a named executive officer, will longer be an “executive officer” of the Company as such term is defined under Rule 3b-7 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
On December 1, 2023, Stephen Paradiso resigned from his position as Chief of Staff of Stran & Company, Inc.
(b) On July 15, 2022, Christopher Rollins notified the Company of his decision to resign from his position as the Company’s Chief Financial Officer, effective as of the close of working hours on July 29, 2022.
(c) Effective as of July 29, 2022, David Browner, the Company’s Controller, was appointed as the Company’s Interim Chief Financial Officer.
Effective as of March 11, 2022, the Board of Directors (the “Board”) of Stran & Company, Inc. (the “Company”) appointed Sheila Johnshoy to serve as the Company’s Chief Operating Officer.
Max materiality 0.85 · Median 0.60 · Most common event earnings