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Dec 31, 2024
Wrap Technologies Q4 2024 Earnings Report
Estimated Revenue:$0
-100.0% YoY
Estimated EPS:$0
+100.0% YoY
Key Takeaways
Wrap Technologies, Inc. announced strong financial results for Q4 2024, with revenue increasing by 47% to $0.9 million and gross profit improving significantly from a loss to a gain. The company also saw a substantial decrease in total operating expenses and a marked improvement in net loss from operations, indicating successful restructuring efforts.
Q4 2024 revenue increased by 47% year-over-year, from $0.6 million in 2023 to $0.9 million in 2024.
Gross Profit improved by $0.7 million in Q4 2024, rising from $(0.3) million in 2023 to $0.4 million in 2024.
Total Operating Expenses decreased by 21% in Q4 2024, from $6.3 million in 2023 to $5.0 million in 2024.
Net Loss from Operations improved by $10.8 million in Q4 2024, decreasing from $(18.4) million in 2023 to $(7.6) million in 2024.
Wrap Technologies
Wrap Technologies
Forward Guidance
Wrap Technologies anticipates measurable progress each quarter in 2025, building on the groundwork laid during its transformational year. The company is focused on expanding its integrated solutions, global growth, federal engagements, innovation, and performance accountability.
Positive Outlook
- Expected expansion beyond BolaWrap into a full ecosystem of de-escalation tools, including training and VR simulation.
- Leveraging U.S. government partnerships and resources (EXIM Bank, DoD) to support international strategy and convert late-stage deals into significant revenue.
- Recent team additions are expected to open doors to U.S. federal funding programs and public safety initiatives.
- Anticipated new capabilities in high-trust, high-security sectors, with plans to productize and monetize through partnerships, contracts, and services.
- Building a culture that rewards execution with compensation structures dependent upon results, guided by KPIs around product deployment, training efficacy, customer satisfaction, and recurring revenue.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.