Stran & Company reported preliminary selected unaudited results on February 3, 2025, indicating strong revenue growth for the fourth quarter and full year ended December 31, 2024. Fourth-quarter 2024 revenue is expected to be approximately $27 million, marking a 17.8% increase compared to $23 million in Q4 2023 on a restated basis.
For the full year 2024, revenue is projected to reach approximately $83 million, representing a 9.3% increase from $76 million in 2023. This growth reflects the successful execution of the company's expansion strategy, including the ongoing integration of the Gander Group assets.
As of December 31, 2024, Stran expects to report approximately $18 million in cash equivalents and investments, with no long-term debt. This strong financial position provides flexibility for continued investment in strategic initiatives and long-term growth.
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