Significant Sales Increase
Sales increased by 95.2% to approximately $32.6 million for the quarter, showcasing robust organic growth and strategic acquisitions.
Improved Profitability
The company achieved a net profit of $643,000 for the quarter, compared to a net loss of $1.0 million in the same period last year.
Strategic Recognition and Rankings
Stran advanced in the PPAI 100 ranking to 12th place and improved its position in the ASI Counselor Top 40 Distributors List from #27 to #23.
Strong Cash Position
Maintained approximately $18.1 million in cash, cash equivalents, and investments as of June 30, 2025.
Share Buyback Program
Repurchased over 110,000 shares during the quarter as part of a $10 million share buyback program, with less than $4 million executed so far.