Stran & Company announced on May 15, 2025, its financial results for the three months ended March 31, 2025, reporting a 52.4% year-over-year increase in sales to approximately $28.7 million. The Stran segment contributed $20.9 million, while the Stran Loyalty Solutions (SLS) segment, formed from the Gander Group acquisition, added $7.8 million in sales.
The company achieved an impressive organic revenue growth of 11.2% in a challenging market environment. Gross profit surged 51.1% to $8.5 million, with the Stran segment's gross profit margin increasing to 32.4%. The consolidated gross profit margin was 29.6%, reflecting the inclusion of the lower-margin SLS business.
Stran reported a net loss of $0.4 million, an improvement from a $0.5 million net loss in Q1 2024. Operating expenses as a percentage of sales decreased to 31.4% from 33.4%. A significant operational milestone was the successful implementation of the NetSuite ERP system in January 2025, which is already delivering gains in automation, real-time visibility, and centralized process control.
The company also confirmed that the re-audit process is complete and timely reporting is fully restored. As of March 31, 2025, Stran maintained a strong balance sheet with approximately $12.2 million in cash, cash equivalents, and investments, positioning it to support growth initiatives.
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