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Stran & Company (NASDAQ: STRN, STRNW) announced that CEO Andy Shape will present at the Benzinga All Access event on July 22, 2022, at 10:20 A.M. ET. The event focuses on providing in-depth conversations with executives from various industries. Interested viewers can access the live presentation via YouTube. Stran, a leader in the promotional products industry with over 27 years of experience, partners with Fortune 500 companies to enhance their marketing efforts through promotional products and loyalty incentives.
Stran & Company, Inc. (NASDAQ: STRN, STRNW) announced a definitive agreement to acquire Trend Brand Solutions, a global brand solutions provider based in Texas. The acquisition aims to enhance Stran’s presence in the southern U.S., especially in Houston, which hosts numerous Fortune 500 companies. Trend’s CEO, Michael Krauser, will lead Stran’s Texas operations post-acquisition. The transaction is expected to close in Q3 2022, pending customary conditions. This strategic move underlines Stran's commitment to growth through complementary acquisitions.
Stran & Company (NASDAQ: STRN, STRNW) announced that CEO Andy Shape will appear on Bloomberg Radio on July 12, 2022, around 11:45 AM EST. He will discuss the company's ongoing growth, strategies to combat inflation affecting the promotional products industry, and ways to address supply chain challenges. With over 27 years in the industry, Stran is recognized for its expertise in marketing solutions, partnering with many Fortune 500 companies to enhance brand loyalty and sales through promotional products and loyalty incentive programs.
Stran & Company (NASDAQ: STRN, STRNW) reported a significant 62.5% increase in revenue to $12.3 million for Q1 2022, up from $7.5 million in Q1 2021, driven by existing and new clients as well as the acquisition of G.A.P. Promotions. Despite a net loss of $0.5 million, attributed to acquisition-related expenses, operational efficiencies are evident with gross profit rising 40.4% to $3.2 million. The company has $30 million in cash reserves and no long-term debt, positioning it well for growth. A multi-year contract with a healthcare company is projected to bring in over $6 million in annual recurring revenue.
Stran & Company (NASDAQ:STRN, STRNW) announced that its President and CEO, Andy Shape, will present at the Spring Into Action - Best Ideas Investor Conference from May 16-20, 2022. Shape's presentation is set for May 18 at 12:30 p.m. ET, available via live webcast and replay. The conference features the best ideas from 36 companies recommended by qualified institutional investors. Stran specializes in promotional products and loyalty programs, serving numerous Fortune 500 clients.
Stran & Company, Inc. (NASDAQ: STRN, STRNW) announced a conference call on May 13, 2022, at 10:00 A.M. ET to discuss its financial results for Q1 ended March 31, 2022, along with corporate progress. U.S. callers can join by dialing 888-506-0062, while international callers can reach +1 973-528-0011. A webcast will be available on Stran’s investor website. Forward-looking statements are included, noting inherent risks and uncertainties, which investors should consider. The conference replay will be accessible until May 27, 2022.
Stran & Company reported a 5.2% revenue growth for 2021, reaching $39.7 million, aided by a 49.5% increase in recurring organic sales. Despite profitability, the company faced an operating loss of $438,000 due to increased expenses from acquisitions and IPO costs. Net income decreased to $235,000 compared to $1 million in 2020. Stran aims for double-digit organic growth in 2022, backed by a solid cash position of over $32 million and the recent acquisition of GAP Promo, enhancing its market reach.
Stran & Company, Inc. (NASDAQ: STRN, STRNW) announces a conference call scheduled for 10:00 A.M. ET on March 28, 2022, to discuss its financial results for the fiscal year ending December 31, 2021. The call will cover corporate progress and developments. Interested parties can join via telephone or listen to a webcast available on the company’s website. A replay of the call will be accessible shortly after the discussion until April 11, 2022. Stran specializes in promotional marketing and loyalty incentive programs for Fortune 500 companies.
Stran & Company (NASDAQ: STRN, STRNW) announces that its President & CEO, Andy Shape, will present at the 2022 Virtual Growth Conference hosted by Maxim Group LLC, from March 28th to March 30th, 2022. The event runs from 9:00 a.m. to 5:00 p.m. EDT and will be broadcast live on M-Vest. Attendees can sign up to join. The conference will showcase various sectors, featuring presentations, discussions, and real-time Q&A sessions with CEOs. Stran specializes in promotional products and marketing strategies, serving many Fortune 500 companies.
