Stran & Company, Inc. (SWAG), headquartered in Quincy and specializing in outsourced marketing solutions, has announced its preliminary financial outcomes for both the fourth quarter and the entire year ending December 31, 2024. The company experienced a rise in revenue during this period.
In the fourth quarter, Stran is anticipating revenue to reach around $27 million, which signifies a 17.8% increase compared to the approximately $23 million generated in the same quarter of the previous year. For the complete year of 2024, the company anticipates a revenue of about $83 million, up by 9.3% from the $76 million achieved in 2023. As of December 31, 2024, Stran projects holding roughly $18 million in cash equivalents and investments, while maintaining a debt-free balance sheet regarding long-term liabilities.
Looking forward, Stran expresses confidence in its future potential and plans to continue channeling resources into strategic initiatives that are designed to enhance shareholder value.
Currently, SWAG is trading at $1.01 on the Nasdaq, reflecting a 6.42% increase, equivalent to $0.061.
