Recap: Wrap Technologies Q3 Earnings

Shares of Wrap Technologies WRTC rose 0.2% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 37.50% year over year to ($0.11), which missed the estimate of ($0.08).

Revenue of $1,007,000 rose by 274.68% from the same period last year, which missed the estimate of $1,260,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Wrap Technologies hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 29, 2020

Time: 04:30 PM

ET Webcast URL: https://us02web.zoom.us/webinar/register/WN_4KF5MDTcQDu8TTXUSLjwoA

Recent Stock Performance

Company's 52-week high was at $14.40

52-week low: $3.07

Price action over last quarter: down 50.00%

Company Overview

Wrap Technologies Inc is a security technology company. It is focused on delivering innovative solutions to customers, primarily law enforcement and security personnel. The company's product BolaWrap 100 is a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle an individual at a range of approximately 10-25 feet.