Law enforcement equipment maker Wrap's Q3 revenue surges on BolaWrap sales

Reuters11-13

Law enforcement equipment maker Wrap's Q3 revenue surges on BolaWrap sales

Overview

Wrap Technologies Q3 revenue jumps to $1.5 mln vs $593,000 yr ago, driven by BolaWrap sales and services
Company's Q3 gross margin expanded to 59% from 40%
Wrap Technologies reported Q3 net loss with EPS of -$0.06

Outlook

Company did not provide specific financial guidance for future quarters or full year in its press release

Result Drivers

BOLAWrap SALES - Stronger BolaWrap product sales drove revenue growth, contributing to a 241% increase in gross revenue
RECURRING SUBSCRIPTIONS - Growth in WrapReady, WrapPlus, and managed service subscriptions supported recurring revenue model
MARGIN EXPANSION - Improved pricing discipline and operational efficiencies expanded gross margin to 59%

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$1.50 mln
Q3 EPS		-$0.06
Q3 Operating Expenses		$3.60 mln

Press Release: ID:nGNX23Q729

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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