Stran & Company, Inc. (SWAG), a promotional products firm based in Massachusetts, announced its preliminary unaudited financial outcomes for the fourth quarter and the full fiscal year ending December 31, 2024.
The company projects a quarterly revenue of approximately $27 million, a 17.8% rise from the restated estimate of around $23 million for the same quarter in 2023. For the entire year 2024, anticipated revenues are approximately $83 million, representing a 9.3% increase from $76 million in 2023. As of December 31, 2024, SWAG expects to hold around $18 million in cash equivalents and investments, with no outstanding long-term debt.
It should be noted that the figures provided in this announcement are preliminary and may undergo adjustments following the conclusion of accounting and annual audit processes.
On Monday, SWAG's stock closed at $1.01, marking a 6.43% increase. After market hours, it further rose to $1.05, registering an additional 3.96% gain on the Nasdaq Capital Market.
