Significant Revenue Growth
Stran & Company achieved a remarkable 52.4% year-over-year revenue increase, reaching approximately $28.7 million in Q1 2025, up from $18.8 million in Q1 2024.
Organic Growth and Acquisition Impact
The company's core segment delivered 11.2% organic revenue growth, complemented by contributions from the Gander Group acquisition.
Gross Profit Increase
Gross profit grew by 51.1% to $8.5 million, representing 29.6% of sales in Q1 2025, compared to $5.6 million or 29.8% of sales in Q1 2024.
Operational Milestones
Completion of the reaudit process and successful launch of the NetSuite ERP system, enhancing operational efficiency and scalability.
Strong Financial Position
The company ended Q1 2025 with a strong liquidity position, holding approximately $12.2 million in cash and no long-term debt.