<span item_type="fundamental" item_id="dee3a76eae172a48d325455fb5c474c5" counter_id="ST/US/SWAGW" env="prod"></span><span item_type="announcement" item_id="551476483642163201" env="prod"></span><p>Revenue: As of FY2024 Q2, the actual value is USD 16.69 M.</p><p>EPS: As of FY2024 Q2, the actual value is USD -0.06.</p><p></p><h3>Segment Revenue</h3><ul><li>Total sales for the three months ended June 30, 2024, were $16.7 million, a decrease from $17.4 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>Total sales for the six months ended June 30, 2024, were $35.5 million, an increase from $33.4 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit for the three months ended June 30, 2024, was $5.5 million, compared to $5.2 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>Gross profit for the six months ended June 30, 2024, was $11.1 million, compared to $10.7 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>Operating expenses for the three months ended June 30, 2024, were $6.6 million, compared to $6.2 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>Operating expenses for the six months ended June 30, 2024, were $12.9 million, compared to $12.2 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>Net loss for the three months ended June 30, 2024, was $1.0 million, compared to $0.9 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>Net loss for the six months ended June 30, 2024, was $1.5 million, compared to $1.4 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash provided by operating activities for the six months ended June 30, 2024, was $4.2 million, compared to $3.7 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>Net cash provided by investing activities for the six months ended June 30, 2024, was $0.4 million, compared to net cash used in investing activities of $3.1 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>Net cash used in financing activities for the six months ended June 30, 2024, was $0.8 million, compared to $0.6 million in the same period in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company had approximately $46.6 million of total assets and $34.3 million of total stockholders’ equity as of June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li>The company plans to continue leveraging technology and efficient processes to enhance its market position and attract new customers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>The company is focused on integrating recent acquisitions and expanding its product offerings to drive future growth.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li><li>The company anticipates maintaining its effective tax rate similar to the rate recorded in 2023, based on management’s expectations of future earnings and recognition of a valuation allowance.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011877/ea0230213-10q_stran.htm"></span></li></ul>

STRAN & CO INC C/WTS (TO PUR COM) | 10-Q: FY2024 Q2 Revenue: USD 16.69 M