Stran & Company Releases Preliminary Q4 Results, Revenue Up 17.8% To Stock Up

(RTTNews) - Stran & Company, Inc. (SWAG), a Quincy-based company in outsourced marketing solutions, released its preliminary financial results for the fourth quarter and full year ending December 31, 2024, reporting an increased revenue.

The company reported an anticipated fourth-quarter revenue of approximately $27 million, marking a 17.8 percent increase over the roughly $23 million generated in the same period last year. For the full year 2024, Stran projects revenue of around $83 million, reflecting a 9.3 percent rise from $76 million in 2023. As of December 31, 2024, Stran expects to hold about $18 million in cash equivalents and investments, with no long-term debt on its balance sheet.

Looking ahead, Stran remains optimistic about its long-term prospects and plans to continue investing in strategic initiatives aimed at maximizing shareholder value.

SWAG is currently trading at $1.01 up 6.42 percent or $0.061 on the Nasdaq.