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

Wrap Technologies (NASDAQ:WRAP) released its quarterly earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04, Zacks reports. The business had revenue of $1.11 million during the quarter, compared to analyst estimates 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 Stock Up 14.6%

WRAP traded up $0.21 on Thursday, hitting $1.65. The company had a trading volume of 870,656 shares, compared to its average volume of 361,296. The business’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $2.01. Wrap Technologies has a 12-month low of $1.20 and a 12-month high of $3.23. The company has a market cap of $91.58 million, a PE ratio of -7.86 and a beta of 1.41.

Institutional Trading of Wrap Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. HRT Financial LP bought a new stake in shares of Wrap Technologies during the fourth quarter valued at approximately $27,000. XTX Topco Ltd purchased a new stake in shares of Wrap Technologies in the 2nd quarter worth $32,000. Osaic Holdings Inc. grew its position in shares of Wrap Technologies by 13.6% during the 2nd quarter. Osaic Holdings Inc. now owns 53,708 shares of the company’s stock worth $84,000 after buying an additional 6,442 shares in the last quarter. Barclays PLC purchased a new position in shares of Wrap Technologies during the fourth quarter valued at $96,000. Finally, Squarepoint Ops LLC increased its stake in shares of Wrap Technologies by 45.3% during the third quarter. Squarepoint Ops LLC now owns 50,209 shares of the company’s stock valued at $109,000 after buying an additional 15,650 shares during the period. 8.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Wrap Technologies in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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.