NASDAQ$WRAP
Wrap Technologies Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Achieved record quarterly revenue driven by significant domestic and global orders for BolaWrap and Wrap Reality.
Wrap Technologies reported record quarterly revenue in Q3 2023, driven by strong international demand, particularly from the North African region, and a large-scale deployment order for BolaWrap 150 in the domestic Mid-Atlantic sector. The company also saw a second consecutive record quarter for Wrap Reality sales and integrated Wrap Intrensic into its Body-Worn Camera and Digital Evidence Management portfolio.
- Record quarterly revenue was achieved through significant international orders in the North African region.
- A full deployment order for BolaWrap 150 came from a large domestic agency in the Mid-Atlantic.
- Wrap Reality sales recorded its most outstanding quarterly sales to date for the second quarter in a row.
- Wrap Intrensic was successfully integrated, enhancing Body-Worn Camera and Digital Evidence Management portfolio.
Headline financials
Revenue & EPS history
Wrap Technologies · Revenue · Quarterly
$3.63M
Revenue by segment
Wrap Technologies · $3.51M total across 1 segment · Q3 2023
- Product Sales$3.51M—100.0%
Forward guidance
Wrap anticipates revenue growth in the fourth quarter and into 2024, and given the demand for Wrap's solutions, they foresee a continual increase in orders in the upcoming 18 months. The company expects operational expenses to remain flat to the adjusted number in third quarter for the foreseeable future.
Tailwinds
- Anticipate revenue growth in the fourth quarter and into 2024
- Foresee a continual increase in orders in the upcoming 18 months
- Market's enthusiastic reception to offerings, both domestically and internationally
- Well-positioned for sustainable growth
- Integration of Wrap Intrensic continues to drive immediate and meaningful growth
Headwinds
- One-time items related to legal expenses, the Company’s financing, and the acquisition of Intrensic affected operational expenses
- Net loss for the third quarter 2023 would have been $1.94 million excluding one-time items
- Cash, cash equivalents and short-term investments decreased from December 31, 2022
- Wrap’s performance is subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control
- The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors
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 Q3 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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