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Wrap Technologies (WRAP)
NASDAQ:WRAP
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: 13.73%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
Wrap's Q1 2025 earnings call highlighted strong operational improvements, enhanced cash reserves, and promising international opportunities, particularly with the anticipated full deployment in Chile. However, challenges remain in data collection, stagnant net income, and past program cancellations in major cities. The company is developing strategies to enhance sales and marketing efforts, which could help overcome these challenges.Company Guidance
During Wrap's Q1 2025 earnings call, a range of financial metrics and strategic insights were shared, reflecting both progress and future plans. The company reported a cash increase to $6.2 million, up from $3.6 million in the same quarter of 2024. Margins showed a significant rise of over 21 points, reaching 77.8% from the previous year's 56.6%, while the cost of revenues decreased by 73.4% from $640,000 to $170,000. The operating loss improved slightly by 5.2% from negative $4.1 million to negative $3.9 million. Revenue for Q1 2025 was $765,000, and net income was $109,000, a slight decrease from $117,000 in Q1 2024. The call also emphasized the increasing use of the BolaWrap device in law enforcement, with departments reportedly using it more frequently than other traditional tools, fostering a narrative of improved safety outcomes and cost savings. Looking ahead, Wrap plans to enhance support for BolaWrap programs through new training initiatives and strengthen its sales and marketing infrastructure to better capitalize on these positive trends.Significant Increase in Cash Reserves and Margins
Cash increased to $6.2 million, up from $3.6 million in Q1 2024. Margins improved dramatically from 56.6% in Q1 2024 to 77.8% in Q1 2025.
Operational Improvements
Operating loss improved 5.2% from negative $4.1 million in Q1 2024 to negative $3.9 million in Q1 2025.
High Usage of BolaWrap in Departments
BolaWrap is reported to be used 2 to 5 times more than other tools in departments with the program, indicating strong adoption.
Strategic Move to Virginia
The manufacturing move to Virginia is complete, with plans for a new facility expected by the end of the year.
Positive International Outlook
Chilean police are expected to fully deploy BolaWrap to 33,000 officers, indicating strong international interest.
Enhanced Sales and Marketing Strategy
A robust sales and marketing infrastructure is being developed to support domestic and international growth.
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
WRAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | $1.53 | $1.49 | -2.61% |
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% |
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.
FAQ
When does Wrap Technologies (WRAP) report earnings?
Wrap Technologies (WRAP) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Wrap Technologies (WRAP) earnings time?
Wrap Technologies (WRAP) earnings time is at Aug 06, 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