NASDAQ$WRAP
Wrap Technologies Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported results for the second quarter ended June 30, 2022.
Wrap Technologies reported net revenues of $1.2 million for Q2 2022, a decrease compared to $1.9 million in Q2 2021. Gross profit was $0.5 million, resulting in a 39% gross margin. Net loss per share was ($0.12), compared to ($0.20) in Q2 2021. The company is focused on a multi-year strategic roadmap for growth, profitability, and enhanced value creation.
- New management completed its initial business review and developed a multi-year strategic roadmap for growth, profitability, and enhanced value creation.
- Operating expense was $5.2 million in Q2 2022, representing a 32% year-over-year decline.
- Net Revenues were $1.2 million in Q2 2022, compared to $1.9 million in Q2 2021, reflecting the Company’s transition to the next generation BolaWrap.
- Gross Profit was $0.5 million in Q2 2022, resulting in a 39% Gross Margin, compared to a loss of ($0.1) million in Q2 2021.
Headline financials
Revenue & EPS history
Wrap Technologies · Revenue · Quarterly
$1.17M
Revenue by segment
Wrap Technologies · $3.51M total across 1 segment · Q3 2023
- Product Sales$3.51M—100.0%
Forward guidance
Management anticipates full-year sales will grow in 2022 as supply chain disruptions ease and the transition from the BolaWrap 100 to the BolaWrap 150 accelerates. The company is targeting a cash flow break-even point by the end of 2023 and sees the potential for profitability by the end of 2024.
Tailwinds
- Full-year sales are expected to grow in 2022 as supply chain disruptions ease.
- Transition from BolaWrap 100 to BolaWrap 150 accelerates.
- Increased sales momentum is expected in the back half of 2022 internationally.
- Strong sales growth is expected for the BolaWrap 150 and Wrap Reality in 2023 and beyond.
- Continued cost savings and expense management should lead to further reduction of the Company’s cash burn going forward.
Headwinds
- Near-term growth is difficult to project.
- Transition from BolaWrap 100 to BolaWrap 150 has impacted recent quarters.
- Geopolitical tensions have impacted recent quarters.
- Macroeconomic headwinds have impacted recent quarters.
- Supply chain disruptions continue to be a challenge.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-0.5%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+10.7%
Avg return
30 days after
50%
16 / 32 earnings
Positive
+13.5%
Q3 2022
Best reaction
-12.7%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | +3.5% | — | |
| Q4 2025 | +2.7% | +4.8% | +9.6% | |
| Q3 2025 | +1.9% | -3.3% | +19.0% | |
| Q2 2025 | +1.3% | -6.6% | +35.8% | |
| Q1 2025 | -2.6% | -10.5% | +13.7% | |
| Q4 2024 | -5.3% | -14.0% | -10.5% | |
| Q3 2024 | -7.3% | -9.3% | +13.9% | |
| Q2 2024 | +8.7% | +20.0% | -3.3% | |
| Q1 2024 | +9.8% | +4.9% | +28.0% | |
| Q4 2023 | +0.0% | +9.0% | -5.1% | |
| Q3 2023 | +9.0% | +6.4% | +6.4% | |
| Q2 2023 | +1.7% | -6.9% | -3.4% | |
| Q1 2023 | -3.9% | -3.1% | -18.1% | |
| Q4 2022 | -11.7% | -17.4% | -25.2% | |
| Q3 2022 | +13.5% | +36.2% | +97.2% | |
| Q2 2022 | +10.3% | +17.4% | +1.6% | |
| Q1 2022 | +2.7% | -3.9% | -12.7% | |
| Q4 2021 | -8.5% | -12.4% | +44.3% | |
| Q3 2021 | +0.2% | +5.6% | -12.1% | |
| Q2 2021 | +2.2% | +1.9% | +12.4% | |
| Q1 2021 | -9.4% | -7.2% | +38.1% | |
| Q4 2020 | -0.2% | +7.3% | +3.3% | |
| Q3 2020 | +0.2% | +20.3% | +13.0% | |
| Q2 2020 | -12.7% | -12.7% | -23.0% | |
| Q1 2020 | +0.8% | -2.3% | +34.1% | |
| Q4 2019 | -10.8% | -16.2% | -23.1% | |
| Q3 2019 | -4.6% | -7.3% | +23.8% | |
| Q2 2019 | -7.2% | +0.9% | -10.1% | |
| Q1 2019 | -2.5% | -10.1% | -4.8% | |
| Q4 2018 | +6.3% | +17.9% | +13.9% | |
| Q3 2018 | -2.6% | -5.1% | -3.3% | |
| Q2 2018 | +0.0% | +0.0% | +77.6% | |
| Q1 2017 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q1 2016 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro