Stran & Company Sees Prelim. Selected Unaudited Q1 Results Revenue To Grow 17% YoY; Cash, Cash Equivalents And Investments Expected To Increase To $20.2M As Of March 31, 2024 Compared To 18.5M In Dec. 31, 2023
Portfolio Pulse from Benzinga Newsdesk
Stran & Company announced preliminary unaudited Q1 results, expecting a 17% year-over-year revenue growth. Cash, cash equivalents, and investments are projected to increase to $20.2M by March 31, 2024, up from $18.5M on December 31, 2023.
June 28, 2024 | 12:39 pm
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Stran & Company expects a 17% YoY revenue growth for Q1 and an increase in cash and investments to $20.2M by March 31, 2024.
The anticipated 17% YoY revenue growth and increase in cash and investments are positive indicators for Stran & Company's financial health, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100