Stran & Company ( (SWAG) ) just unveiled an update.
Stran & Company announced its financial results for the fiscal year ending December 31, 2024, reporting an 8.8% increase in sales to $82.7 million and a gross profit of $25.8 million. The company completed a re-audit of its 2023 and 2022 financial statements, which was crucial for aligning with a premier audit partner and restoring investor trust. The acquisition of Gander Group significantly contributed to sales growth, adding $9.9 million and expanding Stran’s presence in the hospitality and entertainment sectors. Despite a net loss of $4.1 million due to increased operating expenses, Stran secured new contracts across various industries and deepened existing enterprise relationships, setting a strong foundation for future growth. The company aims to surpass $100 million in annual sales in 2025 by focusing on organic growth and expanding into high-value verticals.
Spark’s Take on SWAG Stock
According to Spark, TipRanks’ AI Analyst, SWAG is a Neutral.
Stran & Company’s overall score is driven by strong revenue growth but hampered by profitability and cash flow issues. The technical indicators suggest a bearish sentiment, and the valuation metrics reflect current unprofitability. While the acquisition of Gander Group and financial restatements indicate growth potential, compliance challenges with Nasdaq present risks. These factors collectively result in a moderate score, highlighting the need for strategic improvements.
To see Spark’s full report on SWAG stock, click here.
More about Stran & Company
Stran & Company is a leader in the promotional products industry, offering outsourced marketing solutions with a focus on promotional products and loyalty incentives. The company serves a diverse range of industries, including Fortune 500 companies, by managing promotional marketing, loyalty, and incentive programs. Stran utilizes advanced technology for order processing, warehousing, and fulfillment, aiming to build long-term client relationships and enhance brand loyalty.
YTD Price Performance: 12.35%
Average Trading Volume: 19,870
Technical Sentiment Signal: Buy
Current Market Cap: $18.79M
For a thorough assessment of SWAG stock, go to TipRanks’ Stock Analysis page.