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Dec 31, 2020
Wrap Technologies Q4 2020 Earnings Report
Wrap Technologies reported Q4 2020 results with significant revenue growth and strategic investments.
Key Takeaways
Wrap Technologies reported a strong fourth quarter with a 464% increase in net sales compared to the same period last year, driven by global expansion and increased adoption of its de-escalation solutions. The company also completed the acquisition of NSENA, Inc. to enhance its training capabilities.
Net sales increased by 464% to $1.4 million compared to Q4 2019.
Gross margin was 33% for the quarter.
Cash, cash equivalents, and short-term investments totaled $41.6 million.
Acquired NSENA, Inc. to provide immersive training solutions.
Wrap Technologies
Wrap Technologies
Wrap Technologies Revenue by Segment
Revenue by Segment
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CapyFin.com Forward Guidance
The company anticipates near-term growth headwinds due to continued limitations on international travel, with expectations for softening in the second half of 2021.
Challenges Ahead
- Near-term headwinds to growth expected.
- International travel remains limited.
- Anticipate headwinds through at least the first half of 2021.
- Global protests surrounding excessive use of force.
- Increase focus from community groups.