Law enforcement equipment maker Wrap's Q3 revenue surges on BolaWrap sales

Wrap Technologies

12/11/2025 21:36

Overview

Wrap Technologies Q3 revenue jumps to $1.5 mln vs $593,000 yr ago, driven by BolaWrap sales and services

Company's Q3 gross margin expanded to 59% from 40%

Wrap Technologies reported Q3 net loss with EPS of -$0.06

Outlook

Company did not provide specific financial guidance for future quarters or full year in its press release

Result Drivers

BOLAWrap SALES - Stronger BolaWrap product sales drove revenue growth, contributing to a 241% increase in gross revenue

RECURRING SUBSCRIPTIONS - Growth in WrapReady, WrapPlus, and managed service subscriptions supported recurring revenue model

MARGIN EXPANSION - Improved pricing discipline and operational efficiencies expanded gross margin to 59%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$1.50 mln
Q3 EPS
-$0.06
Q3 Operating Expenses
$3.60 mln


Press Release: ID:nGNX23Q729

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)