Wrap Technologies (NASDAQ:WRAP – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04, Zacks reports. The company had revenue of $1.11 million during the quarter, compared to analysts’ expectations of $1.80 million. Wrap Technologies had a negative return on equity of 103.50% and a negative net margin of 198.63%.
Here are the key takeaways from Wrap Technologies’ conference call:
- Wrap reported Q1 revenue of $1.1 million, up 45% year over year, with product sales up 186% to $0.9 million, which management said reflects growing adoption of the BolaWrap 150.
- Bookings increased to $3.2 million, and management said the pipeline is beginning to convert, reinforcing its conviction in the company’s 100% full-year revenue growth target.
- Gross profit rose 16% to $0.7 million, but gross margin fell to 62% from 78% because of the higher mix of lower-margin hardware sales. Management expects margins to improve later in 2026 as subscription and software revenue grows.
- Management highlighted expanding international traction, citing growth in India, Panama, Brazil, Malta, the UK, and Europe, along with repeat orders and a broader base of devices and consumables in active use.
- Wrap said early drone and counter-UAS commercial activity, including pre-orders and R&D work on drone-to-drone and net-based interdiction, suggests a potential new market, while the company also continues to seek a CFO and more traditional financing options.
Wrap Technologies Price Performance
NASDAQ WRAP traded up $0.21 during trading hours on Thursday, hitting $1.65. The company had a trading volume of 868,675 shares, compared to its average volume of 361,275. The firm’s 50 day moving average is $1.52 and its 200 day moving average is $2.01. The company has a market capitalization of $91.58 million, a price-to-earnings ratio of -7.86 and a beta of 1.41. Wrap Technologies has a fifty-two week low of $1.20 and a fifty-two week high of $3.23.
Institutional Investors Weigh In On Wrap Technologies
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wrap Technologies in a research report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Stock Analysis on WRAP
About Wrap Technologies
Wrap Technologies, Inc (NASDAQ: WRAP) is a designer and manufacturer of less-lethal restraint devices aimed at law enforcement and security professionals. Its flagship product, the BolaWrap®, is a handheld remote restraint tool that deploys a Kevlar-reinforced cord to safely immobilize individuals from a distance of up to 25 feet. The system is engineered to support de-escalation tactics and reduce reliance on physical force in high-risk encounters.
Based in Scottsdale, Arizona, Wrap Technologies oversees product development, testing and training at its headquarters.
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