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Wrap Technologies, Inc. Plans to Hold a Conference Call to Discuss Second Quarter 2025 Financial Results on Thursday, August 14, 2025 at 4:30 p.m. ET
Globenewswire· 2025-08-07 13:15
Core Viewpoint - Wrap Technologies, Inc. is set to hold a conference call on August 14, 2025, to discuss its financial and operational results for Q2 2025, with results expected to be released prior to the call [1][2]. Company Overview - Wrap Technologies, Inc. is recognized as a global leader in public safety solutions, integrating advanced technology with skilled personnel to tackle modern public safety challenges [3]. Product Innovations - The BolaWrap 150 is a leading solution for law enforcement, designed to provide a safer alternative during critical incidents by utilizing a multi-sensory cognitive disruption approach, which helps manage non-compliant subjects without resorting to higher-force options [4]. - Wrap Reality VR serves as an immersive training simulator aimed at enhancing decision-making under pressure for first responders, offering realistic scenarios to improve their skills and confidence [5]. - WrapVision is a new body-worn camera and evidence management system that emphasizes efficiency, security, and transparency, capturing high-quality digital evidence while ensuring regulatory compliance [6][7].
Wrap Technologies, Inc. Reports First Quarter 2025 Results
Globenewswire· 2025-05-15 20:55
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].