NASDAQ$WRAP
Wrap Technologies Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Wrap Technologies' second quarter performance was in line with the prior year, marked by restructuring, Wrap Reality sales records, and increased customer demand.
Wrap Technologies reported a 3% increase in net revenue to $1.20 million, with gross profit increasing by 46% to $0.67 million. The company also announced the acquisition of Intrensic, a digital evidence management and body-worn camera company, to expand its solutions portfolio.
- Net revenue increased by 3% to $1.20 million compared to the prior year period.
- Gross profit increased by 46% to $0.67 million compared to the prior year period.
- Trained law enforcement agencies grew to more than 1,450, an 18% increase from the prior year period.
- Acquired Intrensic, LLC to expand into body cams and evidence on the Cloud® services.
Headline financials
Revenue & EPS history
Wrap Technologies · Revenue · Quarterly
$1.2M
Revenue by segment
Wrap Technologies · $3.51M total across 1 segment · Q3 2023
- Product Sales$3.51M—100.0%
Forward guidance
Wrap Technologies anticipates a strong second half of the year, driven by increased customer demand and an expanded sales team. The acquisition of Intrensic is expected to add immediate, accretive growth to the business.
Tailwinds
- Anticipate robust growth in BolaWrap sales from both existing and new departments.
- Solidified Wrap Reality virtual reality training platform with scenario-based approach.
- Trajectory to rapidly increase the number of unique scenarios designed to enhance officer critical decision-making skills in high stress situations.
- Acquisition of Intrensic to strengthen and diversify offerings in the law enforcement and security market.
- Prepared to break new ground in connectivity solutions for law enforcement.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2023
-0.6%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+10.7%
Avg return
30 days after
48%
15 / 31 earnings
Positive
+13.5%
Q3 2022
Best reaction
-12.7%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q1 2026 | +0.7% | +3.5% | — | |
| 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% | -7.3% | +38.0% | |
| 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 | — | — | — |
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