22% Year-Over-Year Operating Expense Reduction Positions Wrap Technologies for Growth and Profitability in 2025

TEMPE, Ariz., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety solutions, today announced key financial and operational achievements for the third quarter ended September 30, 2024. Key Highlights: Significant Cost Reductions: Operating expenses slashed by 22% year-over-year, falling to $3.9 million from$4.9 million in Q3 2023, reflecting efficiency gains.Monetizing Inventory: Ongoing cost-saving measures and paus ...