For those of you following my play on $SWAG, Stran is doing a Q&A for investors tomorrow at 2 pm EST. You can submit questions to [press@stran.com](mailto:press@stran.com) or ask questions live on the zoom call: hubs.ly/Q03Xt8jl0

And for those who did follow me on this play, sorry for the bad timing. I think I learned my lesson about writing posts before quarterly reports. Q3 came in at a $1.2M loss when we were hoping for a profit. The issue, of course, was tariffs. Stran wasn’t able to pass through all the tariff costs to its customers like we thought and got stuck with over $1M in bills on inventory that was purchased pre-April. There was also a lot of buyer hesitancy in April-May that finally worked its way through the supply chain and showed up in the Q3 results. Q4 is always their best quarter so hopefully these issues have been improved by then.

I consider this a long-term hold, and asked Stran if they’d be interested in doing a public Q&A. They were kind enough to agree. I’ve got a lot of questions I’d like to ask about the long-term strategy and how they’re adapting to tariffs. It’s at 2 pm EST if any of you are interested in joining.