Wrap Technologies, Inc. Reports First Quarter 2025 Results

Core Insights - Wrap Technologies, Inc. reported financial and operational results for Q1 2025, highlighting significant improvements in cash reserves, margins, and operating loss [1][2][6]. Financial Results - Cash increased to $6.2 million, up from $3.6 million in Q1 2024 [6]. - Margins improved by over 21 points, rising from 56.6% in Q1 2024 to 77.8% in Q1 2025, with the cost of revenue decreasing by 73.4%, from $640 thousand to $170 thousand [6]. - Q1 2025 revenue was $765 thousand, while net income was $109 thousand compared to $117 thousand in Q1 2024 [6]. Operational Highlights - The company is preparing to launch a revamped training and learning management system [6]. - Customer reports indicate increased deployments of the BolaWrap solution, particularly in departments with Crisis Intervention Teams responding to mental health crises [6]. - The company completed the acquisition of W1 Global, LLC, enhancing its capabilities in managed services and consulting [6]. - Leadership was expanded with the addition of former FBI executives to strengthen support offerings and international growth strategies [6].