earnings
confidence high
sentiment positive
materiality 0.65
Wrap Technologies reports Q3 revenue $593K; operating expenses down 22% YoY
WRAP TECHNOLOGIES, INC.
2025-Q3 EPS reported
$0.02
revenue$3,642,000
- Operating expenses reduced 22% YoY to $3.9M from $4.9M; net cash used in operations improved by $6.0M YTD to $6.9M.
- Q3 2024 revenue of $593K; year-to-date revenue $3.6M; monetizing $25M finished goods inventory.
- Subscription services increased; integrated offering with partners expected launch Q1 2025.
- Stockholders' equity meets Nasdaq minimum requirements; company highlights cost controls and financial stability.