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Mar 31, 2025
Wrap Technologies Q1 2025 Earnings Report
Key Takeaways
In Q1 2025, Wrap Technologies posted revenue of $765,000 and improved margins, bringing its net income into positive territory while continuing to reduce operating losses.
Revenue for Q1 2025 reached $765,000.
Gross margin improved significantly to 77.8%.
Net income was $109,000, slightly down from $117,000 in Q1 2024.
Cash position strengthened to $6.2 million.
Forward Guidance
The company expects to benefit from expanded partnerships, a new training system launch, and ongoing leadership enhancements, although challenges in sales cycles and funding remain.
Positive Outlook
- Launch of revamped training and learning management system
- Increase in BolaWrap deployments
- New sales and marketing partnership for U.S. and federal markets
- Completion of manufacturing move to VA facility
- Acquisition of W1 Global enhances managed services and compliance expertise
Challenges Ahead
- Slight YoY decline in net income
- Ongoing operating losses
- High dependency on law enforcement procurement cycles
- Complexity and cost of sales to government entities
Historical Earnings Impact
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Avg. Return Before/After Earnings
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