The latest announcement is out from Stran & Company ( (SWAG) ).
Stran & Company reported financial results for the first and second quarters of 2024, with a notable revenue increase of 17.9% to $18.8 million in Q1 compared to the previous year and a 6.4% rise to $35.5 million for the six months ending June 30, 2024. Despite a net loss of $1.5 million for the six months, Stran maintained a strong cash position and highlighted its strategic acquisition of assets from Gander Group to enhance technology and service offerings. The company’s continued growth strategy focuses on expanding its customer base and market position, reflecting strong market penetration and contract expansions with leading brands.
More about Stran & Company
Stran & Company, Inc. is a leader in the promotional products industry, specializing in complex marketing programs. The company focuses on promotional products, branded merchandise, and loyalty incentive programs to drive awareness, build brands, and impact sales. Stran serves Fortune 500 companies across various industries, providing promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and wellness campaigns. The company emphasizes long-term relationships with clients, leveraging cutting-edge technology for efficient order processing, warehousing, and fulfillment.
YTD Price Performance: 23.47%
Average Trading Volume: 45,674
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.56M
See more insights into SWAG stock on TipRanks’ Stock Analysis page.