Quarterly ResultMay 12, 2026, 04:38 PM
Stran & Company Swings to Q1 Net Income of $744K; Sales Up 9%
AI Summary
Stran & Company, Inc. reported a significant financial turnaround for the first quarter ended March 31, 2026, swinging to a net income of $744K from a net loss of $393K in the prior year period. This improvement was driven by an 8.9% increase in sales to $31.25 million and a 13.7% rise in gross profit. The company also demonstrated strong operational efficiency, generating $1.18 million in cash from operating activities, a substantial improvement from the $5.89 million used in the same period last year, contributing to an increase in cash and total assets.
Key Highlights
- Net income for Q1 2026 was $744K, a significant improvement from a net loss of $393K in Q1 2025.
- Sales increased by 8.9% to $31.25M in Q1 2026 from $28.69M in Q1 2025.
- Basic EPS for Q1 2026 was $0.04, compared to a loss of $0.02 in Q1 2025.
- Gross profit rose by 13.7% to $9.64M in Q1 2026 from $8.48M in Q1 2025.
- Net cash provided by operating activities was $1.18M in Q1 2026, a turnaround from $5.89M used in Q1 2025.
- Cash and cash equivalents increased to $7.65M as of March 31, 2026, from $6.75M at December 31, 2025.
- Total assets grew to $53.16M as of March 31, 2026, from $49.35M at December 31, 2025.
- Unearned revenue increased to $5.52M as of March 31, 2026, from $3.20M at December 31, 2025.