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Stran & Company, Inc. (SWAG) is an industry leader in the promotional products sector, providing organizations with branded merchandise and effective marketing solutions to enhance brand visibility and streamline operations. With over 29 years of expertise, Stran collaborates with diverse clients, including Fortune 500 companies, to develop sophisticated marketing programs that leverage promotional products and loyalty incentives.
Stran’s core business involves selling branded merchandise, offering custom sourcing capabilities, and managing promotional loyalty and incentives. The company excels at deploying flexible and customizable e-commerce solutions, which facilitate the promotion of branded products, manage print collateral and event assets, and host online retail popup shops.
Stran partners with a wide range of third-party manufacturers and decorators to procure and brand its products, ultimately reselling the finished goods to its clients. Some of its prominent customers include a national watercraft manufacturer and a leading pet supply retailer, showcasing its competency in meeting the needs of diverse industries.
Stran prides itself on delivering world-class customer service and leveraging cutting-edge technology for efficient order processing, warehousing, and fulfillment functions. This commitment to excellence ensures long-term relationships with clients, helping them connect with both their customers and employees to build lasting brand loyalty.
In recent developments, Stran continues to innovate and expand its offerings, supporting clients with sophisticated marketing programs designed to drive awareness and impact sales. The company's forward-looking statements, as outlined in its latest press releases, reflect its ongoing commitment to growth and adapting to market demands.
For more information about Stran & Company, Inc., visit their website at www.stran.com.
Stran & Company (NASDAQ: SWAG) reported a preliminary, unaudited 17% year-over-year revenue growth for Q1 2024. Gross margin is projected to increase by over 100 basis points compared to Q1 2023. The company's cash, cash equivalents, and investments are expected to rise to $20.2 million as of March 31, 2024, up from $18.5 million at the end of 2023. CEO Andy Shape attributed the performance to new customer acquisitions and expanded contracts despite a challenging market. Stran also noted the engagement of Marcum LLP as their new independent public accounting firm. Complete financial results will follow upon final audit completion.
On June 24, 2024, Stran & Company (NASDAQ: SWAG) announced it received a notification from Nasdaq regarding non-compliance with the financial report filing requirement. The company has not filed its Quarterly Report on Form 10-Q for the period ended March 31, 2024. Stran has until August 20, 2024, to submit a compliance plan to Nasdaq. If accepted, Stran could have until December 16, 2024, to regain compliance. Otherwise, they can appeal to a Nasdaq Hearings Panel. The delay was due to the dismissal of BF Borgers CPA PC and the subsequent engagement of a new accounting firm, Marcum LLP. Stran intends to file the Form 10-Q by August 20, 2024. Non-compliance does not currently affect the company's Nasdaq listing, but Stran will be listed as non-compliant on Nasdaq's website.
Stran & Company, a leading outsourced marketing solutions provider, has engaged Marcum LLP as its new independent public accounting firm. Marcum is among the top-ranked and largest PCAOB-registered audit and accounting firms in the U.S. Stran's CEO, Andy Shape, expressed confidence in a swift transition to Marcum, enabling the company to resume scheduled financial reporting.
On June 10, 2024, Stran & Company (NASDAQ: SWAG; SWAGW), a leading provider of outsourced marketing solutions, announced the expansion of contracts with multiple high-profile customers. These agreements, each expected to generate six-figure annual revenues, span various sectors including automotive, engineering, and oil and gas. The customers chose Stran for its reputation for quality and reliability. CEO Andy Shape highlighted the company's ability to scale operations and manage international inventory as key factors in securing these contracts. The expanded partnerships aim to enhance brand awareness and operational efficiency.
Stran & Company (NASDAQ: SWAG) has secured six-figure, multi-year agreements with two major industry players: a leading manufacturer of recreational watercrafts and a national pet supply retailer. These agreements demonstrate Stran's ability to provide cost-effective, technologically advanced promotional marketing solutions. Stran's selection was influenced by its strong track record, scalable warehousing, and creative abilities. The company aims to leverage these contracts to drive market awareness, customer loyalty, and sustained organic revenue growth.
Stran & Company (NASDAQ:SWAG) announced its participation in the Spring MicroCap Rodeo Conference on June 6, 2024, in New York City. CEO Andy Shape will present at 10:30 a.m. ET. The presentation will be webcast live and available on the company's website. Management will also hold 1-on-1 meetings with approved investors throughout the conference. For more information and registration details, visit the MicroCap Rodeo website.
Stran & Company (NASDAQ: SWAG), a leading outsourced marketing solutions provider, has postponed its 2024 first quarter earnings conference call. This postponement is due to the recent dismissal of its former independent registered public accounting firm. The company is currently in the process of selecting a new auditor and will announce a new date and time for the conference call as soon as possible. The call will report preliminary unaudited financial results for the first quarter of 2024.
Stran & Company, Inc. (NASDAQ: SWAG) will host a conference call on May 15, 2024, to discuss its first quarter 2024 financial results and corporate progress. The call will be available via telephone and webcast. A webcast replay and telephone replay will also be available.
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