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Wrap Technologies (WRAP)
NASDAQ:WRAP
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
>-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -9.36%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in financial metrics and strategic actions, such as increased management ownership and the acquisition of W1 Global, which are expected to drive future growth. However, challenges remain in the form of declining revenue and the lengthy timelines for international deals. The company is taking strategic steps to address these issues, including a focus on R&D and expanding its federal market presence.Company Guidance
In the earnings call for Wrap's fiscal year 2024, the company highlighted significant financial and operational improvements. Revenue for 2024 was reported at $4.5 million, a decrease of 27% from $6.1 million in 2023. However, the cost of revenue decreased by 37%, from $3.2 million in 2023 to $2 million in 2024, which resulted in an increase in margins by 7 points, reaching over 54%. Operating losses improved by 17% from $18.75 million in 2023 to $15.6 million in 2024, and net losses saw a significant improvement of 81%, decreasing from $30.2 million in 2023 to $5.9 million in 2024. The company has reduced its monthly expenses to approximately $600,000 on a cash annualized basis. Wrap's leadership emphasized their commitment to expanding their market presence and product offerings, particularly in public safety, through strategic restructuring, talent acquisition, and leveraging U.S. government resources for international expansion. The company remains optimistic about future growth but refrains from providing specific guidance for the upcoming year.Improved Financial Metrics
Operating losses improved by 17% from $18.75 million in 2023 to $15.6 million in 2024. Net losses improved significantly by 81% from $30.2 million in 2023 to $5.9 million in 2024.
Increased Management Ownership
Management's beneficial ownership increased by over 50% due to recent financing activity, indicating strong insider confidence.
Expansion into International Markets
Numerous late-stage opportunities in international markets, with relationships being developed with U.S. government resources to counter China's influence.
Strategic Acquisition of W1 Global
Acquisition of W1 Global has already led to significant domestic and global sales opportunities, expanding Wrap's network and market reach.
R&D and New Product Development
Plans for a next-gen BolaWrap product and integration of proven technologies from sectors like defense and aerospace into law enforcement solutions.
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WRAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WRAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $1.71 | $1.62 | -5.26% |
| Oct 31, 2024 | $1.70 | $1.78 | +4.71% |
| May 01, 2024 | $1.67 | $1.51 | -9.58% |
| Mar 28, 2024 | $2.26 | $2.28 | +0.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wrap Technologies (WRAP) report earnings?
Wrap Technologies (WRAP) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Wrap Technologies (WRAP) earnings time?
Wrap Technologies (WRAP) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WRAP EPS forecast?
Currently, no data Available
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