---
title: "STRAN & CO INC C/WTS (TO PUR COM) | 10-Q: FY2024 Q1 Revenue: USD 18.83 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/253794105.md"
datetime: "2025-08-20T10:51:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/253794105.md)
  - [en](https://longbridge.com/en/news/253794105.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/253794105.md)
generator: "portal-rs"
---

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

Revenue: As of FY2024 Q1, the actual value is USD 18.83 M.

EPS: As of FY2024 Q1, the actual value is USD -0.03.

EBIT: As of FY2024 Q1, the actual value is USD -487 K.

### Segment Revenue

-   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.

### Operational Metrics

-   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.
-   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.
-   Net loss for the three months ended March 31, 2024, was $487 thousand, compared to $484 thousand for the same period in 2023.

### Cash Flow

-   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.
-   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.
-   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.

### Unique Metrics

-   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.

### Future Outlook and Strategy

-   The company plans to continue leveraging its acquisition of T R Miller Co., Inc. to drive revenue growth and expand its customer base.
-   The company has entered into a factoring arrangement to provide accounts receivable financing, which is expected to enhance liquidity and support operational needs.
-   The company is implementing a new enterprise resource planning system, NetSuite, expected to launch in January 2025, to improve operational efficiency and financial reporting.

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