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Stran & Company Reports 29.0% Increase in Sales to $26.0 Million for the Third Quarter of 2025

1. Stran sales up 56.7% to $87.3 million for nine months ending Sept 2025. 2. Share repurchase program ongoing with $11.8 million cash position. 3. Gander Group acquisition boosts loyalty solutions revenue by 671.5%. 4. Net loss reduced to $1.0 million for nine months, improving financial margins. 5. Awards highlight strong workforce culture, enhancing Stran's competitive advantage.

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Why Bullish?

The significant revenue increase due to strategic acquisitions signals strong growth potential. Historically, companies that demonstrate similar revenue growth often see stock price appreciation, as evidenced by past performance in the tech sector during growth phases.

How important is it?

The reported earnings growth and strategic share repurchase indicate firm management confidence and ongoing financial health, making these factors highly relevant for potential investors.

Why Short Term?

The positive financial results will likely influence investor sentiment immediately around earnings calls and short-term market reactions. Companies with strong quarterly reports typically generate interest in the few weeks following the announcement.

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SWAGWPPAI
Achieves 56.7% Increase in Sales to $87.3 Million for the Nine Months Ended September 30, 2025 Continues Share Repurchase Activity and Ends Quarter with $11.8 Million Strong Cash Position Conference Call Scheduled for Thursday, November 13th at 10:00 A.M. ET QUINCY, Mass., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading provider of outsourced marketing solutions specializing in promotional products and loyalty incentives, today announced its financial results for the three and nine months ended September 30, 2025, and provided a business update. Management will host a conference call at 10:00 a.m. Eastern Time on Thursday, November 13, 2025. “The third quarter reflected another period of disciplined execution and consistent progress,” commented Andy Shape, Chief Executive Officer of Stran. “As a result, sales increased 29.0% year-over-year to $26.0 million, and for the first nine months of 2025, sales increased 56.7% to $87.3 million. These results demonstrate the scalability of our platform and the steady demand we continue to see from both new and long-standing customers.” “Specifically, for the Stran segment, revenue grew to $60.3 million for the nine-month period, up from $52.2 million last year, reflecting higher spend from existing enterprise customers and new account wins. Stran Loyalty Solutions (“SLS”) revenue increased sharply to $26.9 million from $3.5 million for the nine months ended September 30, 2025 and 2024, respectively, highlighting the continued strength of the Gander Group acquisition completed in August 2024. That business has integrated smoothly and is now an important growth engine, expanding our presence in the casino, gaming, and hospitality sectors. Importantly, for the nine-month period, gross profit increased 49.3% to $25.4 million, net loss for the nine months ended September 30, 2025 was reduced by $2.6 million to $(1.0) million compared to the nine months ended September 30, 2024, while EBITDA for the nine months ended September 30, 2025 improved by $2.8 million to $(0.4) million compared to the nine months ended September 30, 2024 - reflecting our ability to reduce expenses and improve margins. We believe this trajectory confirms that our strategy is taking hold and that we are moving toward sustainable profitability.” “During the quarter, we also repurchased approximately 267,000 shares of common stock at prices between $1.45 and $1.81 per share, for a total of $408,000, under our ongoing share repurchase program. We continue to view this as a disciplined and opportunistic use of capital that reflects our confidence in Stran’s long-term outlook. With a strong balance sheet of $11.8 million in cash, cash equivalents and investments, we remain well-positioned to fund growth initiatives, pursue strategic opportunities, and continue to opportunistically execute our share repurchase program, enhancing value for our shareholders.” “We were also honored to be recognized by the Promotional Products Association International (PPAI) as one of the ‘Greatest Companies to Work For’ in 2025. At Stran, we believe that an engaged workforce directly translates into stronger execution, better client outcomes, and consistent financial performance. Being recognized by one of the industry’s leading associations validates that approach and reinforces that our people and culture are key competitive advantages. We’re proud of the environment we’ve created, one that encourages accountability, collaboration, and creativity, and we remain committed to investing in our team as we continue to scale.” “As we move into our historically strongest quarter of the year, our focus remains consistent — deepening client relationships, improving operational efficiency through automation and data, and maintaining financial discipline as we strengthen our foundation for long-term growth. As we approach 2026, we intend to continue our momentum via continued organic growth as well as acquisitions. We’re executing with focus, managing the business responsibly, and positioning Stran to deliver sustainable value for years to come,” concluded Mr. Shape. Financial Highlights for the Three Months ended September 30, 2025 Sales increased $5.8 million, or 29.0%, to $26.0 million in the third quarter of 2025 compared to the prior year period driven by increased spending from new and existing customers along with the acquisition of the Gander Group assets in August 2024. Sales by our Stran segment increased 5.9%, or $1.0 million, to $17.6 million and sales of our SLS segment (which consists of the former Gander Group business) increased 139.0%, or $4.9 million, to $8.3 million.Gross profit increased $1.1 million, or 18.8%, to $7.1 million in the third quarter of 2025 compared to the prior year period. Gross profit margin decreased to 27.2% in the third quarter of 2025 from 29.5% in the prior year period, primarily due to the acquisition of the Gander Group business in August 2024, which operates at a lower gross margin than the Stran segment.Operating expenses increased $0.7 million, or 8.8%, to $8.9 million in the third quarter of 2025 compared to the prior year period. As a percentage of sales, operating expenses decreased to 34.1% in the third quarter of 2025 from 40.4% in the prior year period, primarily due to reduced legal and accounting expenses related to the acquisition of the Gander Group Assets and the re-audit of historical financial statements.Net loss was $1.2 million in the third quarter of 2025 compared to $2.0 million in the prior year period.EBITDA was $(1.1) million in the third quarter of 2025 compared to $(1.9) million in the prior year period. Financial Highlights for the Nine Months ended September 30, 2025 Sales increased $31.6 million, or 56.7%, to $87.3 million in the nine months ended September 30, 2025 compared to the prior year period driven by increased spending from new and existing customers along with the acquisition of the Gander Group Assets in August 2024. Sales by our Stran segment increased 15.7%, or $8.2 million, to $60.3 million and sales of our SLS segment (which consists of the former Gander Group business) increased 671.5%, or $23.4 million, to $26.9 million.Gross profit increased $8.4 million, or 49.3%, to $25.4 million in the nine months ended September 30, 2025 compared to the prior year period. Gross profit margin decreased to 29.1% in the third quarter of 2025 from 30.6% in the prior year period, primarily due to the acquisition of the Gander Group business in August 2024, which operates at a lower gross margin than the Stran segment.Operating expenses increased $6.4 million, or 30.3%, to $27.3 million in the nine months ended September 30, 2025 compared to the prior year period. As a percentage of sales, operating expenses decreased to 31.3% in the nine months ended September 30, 2025 from 37.7% in the prior year period, primarily due to reduced legal and accounting expenses related to the acquisition of the Gander Group assets and the re-audit of historical financial statements.Net loss was $1.0 million in the nine months ended September 30, 2025 compared to $3.6 million in the prior year period.EBITDA was $(0.4) million in the nine months ended September 30, 2025 compared to $(3.2) million in the prior year period. Webcast and Conference Call Management will host a webcast and conference call at 10:00 A.M. Eastern Time on Thursday, November 13, 2025, to discuss the Company’s financial results for the third quarter of 2025 ended September 30, 2025, as well as the Company’s corporate progress and other developments. The conference call will be available via telephone by dialing toll free 877-545-0523 for U.S. callers or +1 973-528-0016 for international callers and using entry code: 823571. A webcast of the call may be accessed at https://www.webcaster5.com/Webcast/Page/2855/53186 or on the Company’s Investor Relations section of the Company’s website at ir.stran.com/news-events/ir-calendar. A webcast replay will be available on the Investor Relations section of the Company’s website (ir.stran.com/news-events/ir-calendar) through November 13, 2026. A telephone replay of the call will be available approximately one hour following the call, through November 27, 2025, and can be accessed by dialing 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering conference ID: 53186. About Stran For over 30 years, Stran has grown to become a leader in the promotional products industry, specializing in complex marketing programs to help recognize the value of promotional products, branded merchandise, and loyalty incentive programs as a tool to drive awareness, build brands and impact sales. Stran is the chosen promotional programs manager of many Fortune 500 companies, across a variety of industries, to execute their promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and wellness campaigns. Stran provides world-class customer service and utilizes cutting-edge technology, including efficient ordering and logistics technology to provide order processing, warehousing and fulfillment functions. The Company’s mission is to develop long-term relationships with its clients, enabling them to connect with both their customers and employees in order to build lasting brand loyalty. Additional information about the Company is available at: www.stran.com. Forward Looking Statements This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements include, but are not limited to, the Company’s expectations regarding synergies from its acquired businesses, its financial position and operating performance, its expectations regarding its business initiatives, the Company’s expectations about its operating performance, trends in its business, the effectiveness of its growth strategies, its market opportunities, and demand for its products and services in general. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law. Contacts: Investor Relations Contact:Crescendo Communications, LLCTel: (212) 671-1021SWAG@crescendo-ir.com Press Contact:Howie Turkenkopf press@stran.com CONSOLIDATED BALANCE SHEETS(in thousands, except share and per share amounts)         September 30, 2025  December 31, 2024   (Unaudited)    ASSETS      CURRENT ASSETS:      Cash and cash equivalents $6,697  $9,358 Investments  5,058   8,856 Accounts receivable, net  16,626   18,092 Accounts receivable - related parties, net  402   573 Inventory  7,740   5,389 Prepaid corporate taxes  63   28 Prepaid expenses  2,163   2,308 Deposits  580   423 Other current assets  2   455 Total current assets  39,331   45,482          Property and equipment, net  1,952   1,701          OTHER ASSETS:        Intangible assets - customer lists, net  3,812   4,170 Intangible assets - trade name  654   654 Goodwill  2,321   2,321 Other assets  —   23 Right of use assets  2,192   797 Total other assets  8,979   7,965 Total assets $50,262  $55,148          LIABILITIES AND STOCKHOLDERS’ EQUITY        CURRENT LIABILITIES:        Accounts payable and accrued expenses $7,462  $8,919 Accrued payroll and related  1,605   1,513 Unearned revenue  4,159   4,423 Rewards program liability  2,951   6,000 Sales tax payable  251   353 Current portion of contingent earn-out liabilities  105   256 Current portion of installment payment liabilities  170   365 Current portion of lease liabilities  615   366 Total current liabilities  17,318   22,195          LONG-TERM LIABILITIES:        Long-term contingent earn-out liabilities  455   455 Long-term installment payment liabilities  400   425 Long-term lease liabilities  1,861   432 Other liabilities  32   — Total long-term liabilities  2,748   1,312 Total liabilities  20,066   23,507          Commitments and contingencies                 STOCKHOLDERS’ EQUITY:        Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively  —   — Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,288,158 and 18,598,574 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively  2   2 Additional paid-in capital  37,902   38,391 Accumulated deficit  (7,732)  (6,742)Accumulated other comprehensive income (loss)  24   (10)Total stockholders’ equity  30,196   31,641 Total liabilities and stockholders’ equity $50,262  $55,148           CONSOLIDATED STATEMENTS OF OPERATIONSTHREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024(in thousands, except share and per share amounts)(unaudited)         For the Three Months Ended September 30,  For the Nine Months EndedSeptember 30,   2025  2024  2025  2024 SALES            Sales $25,981  $19,730  $87,252  $55,204 Sales – related parties  —   414   —   460 Total sales  25,981   20,144   87,252   55,664                  COST OF SALES:                Cost of sales  18,909   13,873   61,829   38,278 Cost of sales - related parties  —   319   —   354 Total cost of sales  18,909   14,192   61,829   38,632                  GROSS PROFIT  7,072   5,952   25,423   17,032                  OPERATING EXPENSES:                General and administrative expenses  8,854   8,136   27,345   20,993 Total operating expenses  8,854   8,136   27,345   20,993                  LOSS FROM OPERATIONS  (1,782)  (2,184)  (1,922)  (3,961)                 OTHER INCOME:                Other income (expense)  304   (22)  584   (6)Interest income  87   64   206   239 Realized gain on investments  79   103   146   176 Total other income  470   145   936   409                  LOSS BEFORE INCOME TAXES  (1,312)  (2,039)  (986)  (3,552)                 (Benefit from) provision for income taxes  (72)  (1)  4   2                  NET LOSS $(1,240) $(2,038) $(990) $(3,554)                 NET LOSS PER COMMON SHARE                Basic and diluted $(0.07) $(0.11) $(0.05) $(0.19)                 WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING                Basic and diluted  18,384,904   18,589,086   18,526,004   18,584,359                   CONSOLIDATED STATEMENTS OF CASH FLOWSNINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024(in thousands)(unaudited)         2025  2024 CASH FLOWS FROM OPERATING ACTIVITIES:      Net loss $(990) $(3,554)Adjustments to reconcile net loss to net cash (used in) provided by operating activities:        Depreciation and amortization  808   574 Noncash operating lease expense  682   406 Provision for credit losses  536   100 Noncash interest accretion  35   84 Stock-based compensation  65   173          Changes in operating assets and liabilities:        Accounts receivable, net  931   4,092 Accounts receivable – related parties, net  172   (239)Inventory  (2,352)  954 Prepaid corporate taxes  (34)  28 Prepaid expenses  146   574 Deposits  (157)  1,139 Other assets  507   (63)Accounts payable and accrued expenses  (1,460)  (2,888)Accrued payroll and related  92   (1,267)Unearned revenue  (264)  (262)Rewards program liability  (3,049)  2,125 Sales tax payable  (103)  (158)Operating lease liabilities  (399)  (391)Net cash (used in) provided by operating activities  (4,834)  1,427          CASH FLOWS FROM INVESTING ACTIVITIES:        Business acquisitions, net of cash acquired  —   (1,469)Additions to property and equipment  (700)  (508)Proceeds from sale of investments  9,043   9,161 Purchase of investments  (5,210)  (5,668)Net cash provided by investing activities  3,133   1,516          CASH FLOWS FROM FINANCING ACTIVITIES:        Payment of contingent earn-out liabilities  (151)  (68)Payment of installment payment liabilities  (255)  (798)Payment of notes payable  —   (100)Payment for stock repurchase  (554)  — Net cash used in financing activities  (960)  (966)         NET CHANGE IN CASH AND CASH EQUIVALENTS  (2,661)  1,977          CASH AND CASH EQUIVALENTS - BEGINNING  9,358   8,059 CASH AND CASH EQUIVALENTS - ENDING $6,697  $10,036           Non-GAAP Financial Measures EBITDA is a non-GAAP financial measure that the Company believes helps investors to compare its operating performance to that of other companies. “EBITDA” is defined as net income (loss) excluding interest income, income tax expense and depreciation and amortization expense. The Company believes EBITDA is an important measure of operating performance because it allows management, investors and others to evaluate and compare the Company’s core operating results from period to period by removing (i) the impact of the Company’s capital structure (interest expense from outstanding debt), (ii) tax consequences and (iii) asset base (depreciation and amortization). EBITDA is not a measure of financial performance under GAAP. EBITDA should not be considered in isolation or as an alternative to net income, cash flows from operating activities or any other measure determined in accordance with GAAP. The items excluded to calculate EBITDA are significant components in understanding and assessing the Company’s results of operations. The Company’s EBITDA may not be comparable to a similarly titled measure of another company because other entities may not calculate EBITDA in the same manner. The following table presents the reconciliation of EBITDA to its most comparable GAAP measure, net loss, as reported (unaudited): RECONCILIATION OF NET LOSS TO EBITDA THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024(in thousands)(unaudited)       For the Three Months Ended September 30, For the Nine Months EndedSeptember 30,  2025  2024  2025  2024 Net loss (GAAP) $(1,240) $(2,038) $(990) $(3,554)Interest income  (87)  (64)  (206)  (239)(Benefit from) provision for income taxes  (72)  (1)  4   2 Depreciation and Amortization  287   233   808   574 EBITDA  $(1,112) $ (1,870) $ (384) $ (3,217)

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