<span item_type="fundamental" item_id="79b793180d888e44cfd8025fc34f037e" counter_id="ST/US/SWAGW" env="prod"></span><span item_type="announcement" item_id="551476484346806273" env="prod"></span><p>Revenue: As of FY2024 Q1, the actual value is USD 18.83 M.</p><p>EPS: As of FY2024 Q1, the actual value is USD -0.03.</p><p>EBIT: As of FY2024 Q1, the actual value is USD -487 K.</p><p></p><h3>Segment Revenue</h3><ul><li>Total sales for the three months ended March 31, 2024, were $18,827 thousand, compared to $15,971 thousand for the same period in 2023, representing a 17.9% increase.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit for the three months ended March 31, 2024, was $5,614 thousand, compared to $5,409 thousand for the same period in 2023, representing a 3.8% increase.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li><li>Operating expenses for the three months ended March 31, 2024, were $6,279 thousand, compared to $5,991 thousand for the same period in 2023, representing a 4.8% increase.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li><li>Net loss for the three months ended March 31, 2024, was $487 thousand, compared to $484 thousand for 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/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash provided by operating activities for the three months ended March 31, 2024, was $2,059 thousand, compared to net cash used in operating activities of $3,620 thousand for 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/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li><li>Net cash used in investing activities for the three months ended March 31, 2024, was $572 thousand, compared to $585 thousand for 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/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li><li>Net cash used in financing activities for the three months ended March 31, 2024, was $60 thousand, compared to $383 thousand for 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/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company had a rewards program liability of $2,850 thousand as of March 31, 2024, compared to $875 thousand as of December 31, 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li>The company plans to continue leveraging its acquisition of T R Miller Co., Inc. to drive revenue growth and expand its customer base.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li><li>The company has entered into a factoring arrangement to provide accounts receivable financing, which is expected to enhance liquidity and support operational needs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li><li>The company is implementing a new enterprise resource planning system, NetSuite, expected to launch in January 2025, to improve operational efficiency and financial reporting.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1872525/000121390025011872/ea0229432-10q_stranandco.htm"></span></li></ul>

STRAN & CO INC C/WTS (TO PUR COM) | 10-Q: FY2024 Q1 Revenue: USD 18.83 M