Wrap Technologies (NASDAQ:WRAP) Posts Earnings Results, Beats Expectations By $0.04 EPS

Wrap Technologies (NASDAQ:WRAP) released its quarterly earnings data on Wednesday. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04, Zacks reports. The company had revenue of $1.11 million for the quarter, compared to analyst estimates of $1.80 million. Wrap Technologies had a negative net margin of 198.63% and a negative return on equity of 103.50%.

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 Stock Performance

Wrap Technologies stock traded up $0.21 during mid-day trading on Thursday, reaching $1.65. The stock had a trading volume of 868,675 shares, compared to its average volume of 361,275. The stock’s 50-day simple moving average is $1.52 and its 200-day simple moving average is $2.01. The firm has a market capitalization of $91.58 million, a PE 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Wrap Technologies

A number of hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of Wrap Technologies in the second quarter worth $32,000. Osaic Holdings Inc. grew its holdings in Wrap Technologies by 13.6% during the 2nd quarter. Osaic Holdings Inc. now owns 53,708 shares of the company’s stock valued at $84,000 after purchasing an additional 6,442 shares during the last quarter. Vanguard Group Inc. grew its stake in Wrap Technologies by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,660,908 shares of the company’s stock worth $3,604,000 after acquiring an additional 98,782 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Wrap Technologies by 45.3% in the 3rd quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock valued at $109,000 after purchasing an additional 15,650 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Wrap Technologies by 6.0% during the third quarter. Raymond James Financial Inc. now owns 646,853 shares of the company’s stock valued at $1,404,000 after acquiring an additional 36,429 shares during the last quarter. 8.82% of the stock is owned by institutional investors.

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.