NASDAQ$WRAP
Wrap Technologies Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported record revenues and successful execution of strategic roadmap, driving significantly reduced cash burn.
Wrap Technologies reported a 47% increase in net revenue to $3.59 million for Q4 2022, driven by record deals in the Americas and EMEA region. Gross profit improved to $1.70 million, and the net loss improved by 33% to $(3.54) million. The company is targeting quarterly adjusted EBITDA break-even by the end of 2023 and profitability by the end of 2024.
- Net revenue increased 47% to $3.59 million, driven by record deals in the Americas and EMEA.
- Gross profit improved to $1.70 million, a 130% year-over-year increase.
- Net loss improved 33% to $(3.54) million due to increased sales focus, stronger margins, and cost containment efforts.
- Trained law enforcement agencies grew 32% year-over-year, and certified officer instructors grew 30%.
Headline financials
Revenue & EPS history
Wrap Technologies · Revenue · Quarterly
$3.58M
Revenue by segment
Wrap Technologies · $3.51M total across 1 segment · Q3 2023
- Product Sales$3.51M—100.0%
Forward guidance
Wrap Technologies anticipates year-over-year growth in revenue each quarter in 2023 and reiterates its expectation to achieve quarterly adjusted EBITDA break-even point by the end of 2023 and profitability by the end of 2024.
Tailwinds
- Expected year-over-year revenue growth each quarter in 2023.
- Sequential revenue growth throughout the remainder of the 2023 fiscal year.
- High double-digit growth rate on an annualized basis.
- Growth expected from expanding sales with existing customers domestically and internationally.
- New contract signings in both domestic and international regions.
Headwinds
- Revenue expected to decline sequentially in Q1 2023 due to seasonal budget cycles of law enforcement agency customers.
- Government procurement cycles and timing are outside the Company’s control.
- Reliance on significant purchases at individual agencies where the timing can be difficult to predict.
- Wrap may change the outlook provided during the year as actual and anticipated results vary from these assumptions.
- Wrap undertakes no obligation to update any forward-looking statements.
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 Q4 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 | — | — | — |
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