Wrap Technologies (NASDAQ:WRAP) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Wrap Technologies (NASDAQ:WRAP) released its earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01, Zacks reports. Wrap Technologies had a negative net margin of 270.03% and a negative return on equity of 120.27%. The firm had revenue of $1.11 million during the quarter, compared to analysts’ expectations of $1.61 million.

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

WRAP stock opened at $1.59 on Friday. The business has a fifty day moving average price of $1.52 and a 200 day moving average price of $2.00. The stock has a market capitalization of $88.36 million, a price-to-earnings ratio of -5.31 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.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP bought a new position in Wrap Technologies during the 4th quarter valued at $27,000. XTX Topco Ltd bought a new position in shares of Wrap Technologies in the 2nd quarter worth $32,000. Barclays PLC purchased a new stake in shares of Wrap Technologies during the 4th quarter valued at $96,000. Squarepoint Ops LLC boosted its stake 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, OMERS ADMINISTRATION Corp bought a new position in shares of Wrap Technologies during the fourth quarter valued at about $126,000. Institutional investors own 8.82% of the company’s stock.

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.