Overview

* Wrap Technologies ( WRAP ) Q3 revenue jumps to $1.5 mln vs $593,000 yr ago, driven by BolaWrap sales and services

* Company's Q3 gross margin expanded to 59% from 40%

* Wrap Technologies ( WRAP ) reported Q3 net loss with EPS of -$0.06

Outlook

* Company did not provide specific financial guidance for future quarters or full year in its press release

Result Drivers

* BOLAWrap SALES - Stronger BolaWrap product sales drove revenue growth, contributing to a 241% increase in gross revenue

* RECURRING SUBSCRIPTIONS - Growth in WrapReady, WrapPlus, and managed service subscriptions supported recurring revenue model

* MARGIN EXPANSION - Improved pricing discipline and operational efficiencies expanded gross margin to 59%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.50

Revenue mln

Q3 EPS -$0.06

Q3 $3.60

Operatin mln

g

Expenses

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)