Stran & Company Reports Preliminary Unaudited Revenue Growth In Q4 & Full Year 2024

(RTTNews) - Stran & Company, Inc. (SWAG), a Massachusetts-based promotional products company, Monday reported its preliminary selected unaudited results for the fourth quarter and full year ended December 31, 2024.

The company expects a revenue of around $27 million, marking a 17.8% increase compared to the approximately $23 million expected for the fourth quarter of 2023 on a restated basis. For the full year 2024, revenue is expected to be a total of about $83 million, reflecting a 9.3% increase from $76 million in 2023. SWAG expects to report having approximately $18 million in cash equivalents and investments, with no long-term debt, as of December 31, 2024.

The unaudited results presented in this press release are preliminary and may be adjusted pending the completion of accounting and year-end audit procedures.

Monday, SWAG closed at $1.01, up 6.43%, and after market hours, it rose to $1.05, a 3.96% increase, on the Nasdaq Capital Market.