Wrap Technologies Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 45% year-over-year to $1.1 million, with product sales up 186% and bookings at $3.2 million. Gross margin declined to 62% due to higher hardware sales, but recurring revenue and international expansion are building. Management targets 100% revenue growth for 2026.
Fiscal Year 2025
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Revenue grew 15% to $5.2M in 2025, with Q4 up 62% and strong gains in technology-enabled services. Targeting 100% revenue growth in 2026, driven by agency-wide deployments, recurring revenue, and international expansion.
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Q3 2025 saw $2M in revenue, with 12% from subscriptions, as the business shifts to a recurring, integrated non-lethal response model. Adoption of BolaWrap is accelerating, supported by new products, a federal division, and expanded sales force, positioning for growth in law enforcement and defense.
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Q2 2025 saw a successful restructuring, a new go-to-market strategy, and a surge in purchase orders, with operating expenses down 26% sequentially and new subscription models gaining traction. Regulatory changes and product innovation are expanding the addressable market.
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Q1 2025 saw improved margins, higher cash, and a reduced operating loss, with strong domestic and international momentum for BolaWrap driven by new data and policy shifts. The company completed its Virginia facility move and is leveraging new talent and financing to accelerate global expansion.
Fiscal Year 2024
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Revenue declined 27% year-over-year, but gross margin improved to over 54% and net losses narrowed by 81%. Corporate restructuring, insider investment, and the W1 Global acquisition position the company for growth, with strong domestic and international pipelines.