Stran & Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 05:30 pm IST
Share
Stran & Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 17.47 million compared to USD 14.81 million a year ago. Net loss was USD 0.83833 million compared to USD 0.447443 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.02 a year ago.
For the six months, sales was USD 33.25 million compared to USD 27.07 million a year ago. Net loss was USD 1.53 million compared to USD 0.993257 million a year ago. Basic loss per share from continuing operations was USD 0.08.
Stran & Company, Inc. is a provider of outsourced marketing solutions. The Company purchases products and branding through various third-party manufacturers and decorators and resells the finished goods to customers. It offers its clients custom sourcing capabilities and a flexible and customizable e-commerce solution for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral, and event assets, order and inventory management, and designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings. It also offers creative and merchandising services; warehousing/fulfillment and distribution; print-on-demand; kitting; point of sale displays; and loyalty and incentive programs. It serves a diversified customer base across many industry verticals, including pharmaceutical and healthcare, manufacturing, technology, finance, construction and consumer goods.