---
title: "STRAN & CO INC C/WTS (TO PUR COM) | 10-Q: FY2024 Q2 Revenue: USD 16.69 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/253794053.md"
datetime: "2025-08-20T10:51:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/253794053.md)
  - [en](https://longbridge.com/en/news/253794053.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/253794053.md)
generator: "portal-rs"
---

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

Revenue: As of FY2024 Q2, the actual value is USD 16.69 M.

EPS: As of FY2024 Q2, the actual value is USD -0.06.

### Segment Revenue

-   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.
-   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.

### Operational Metrics

-   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.
-   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.
-   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.
-   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.
-   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.
-   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.

### Cash Flow

-   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.
-   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.
-   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.

### Unique Metrics

-   The company had approximately $46.6 million of total assets and $34.3 million of total stockholders’ equity as of June 30, 2024.

### Future Outlook and Strategy

-   The company plans to continue leveraging technology and efficient processes to enhance its market position and attract new customers.
-   The company is focused on integrating recent acquisitions and expanding its product offerings to drive future growth.
-   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.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**