Wrap Technologies, Inc. ( (WRAP) ) has released its Q3 earnings. Here is a breakdown of the information Wrap Technologies, Inc. presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Wrap Technologies, Inc. is a global leader in non-lethal response and public safety technology solutions, offering innovative tools and training programs for law enforcement and defense sectors. In its latest earnings report, Wrap Technologies announced a significant 241% increase in gross revenue for the third quarter of 2025, reaching $2 million. This growth was driven by strong sales of its BolaWrap product and the addition of managed services revenue. The company also reported a 276% increase in gross profit, with margins expanding to 59%, reflecting improved pricing and operational efficiencies.
Key financial highlights include a steady growth in recurring subscription sales, which accounted for 12% of the total gross revenue, and a reduction in operating expenses by 6% compared to the previous year. Wrap Technologies has strategically shifted its spending towards growth and innovation, focusing on sales, marketing, and research and development to support future revenue generation. The company has also expanded its salesforce and established a presence in Washington, D.C., to accelerate federal market expansion.
The company’s operating loss improved by 24% to $2.8 million for the quarter, demonstrating progress towards profitability. Wrap Technologies achieved several strategic milestones, including partnerships to expand public sector access to its solutions and advancements in its counter-UAS and drone response technologies. These efforts are part of the company’s broader strategy to capture a larger addressable market in public safety and defense.
Looking ahead, Wrap Technologies remains focused on its transition to a service-oriented model and continues to invest in areas that support future growth. The company aims to leverage its innovative solutions and strategic partnerships to enhance its market position and drive sustainable revenue growth.