Wrap Technologies Reports Second Quarter 2020 Results

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Go back to Wrap Technologies Reports Second Quarter 2020 Results

Wrap Technologies Inc. (WRTC) Misses Q2 EPS by 2c

July 30, 2020 5:27 PM EDT

Wrap Technologies Inc. (NASDAQ: WRTC) reported Q2 EPS of ($0.09), $0.02 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $823 thousand versus the consensus estimate of $740 thousand.

Second Quarter and Recent Operational Highlights:

Appointed Marc Thomas as Chief Executive Officer, effective July 30, 2020Increased cash position to $35.4 million at June 30, 2020 after closing $12.4 million financing with existing investors and receiving $9.2 million from the exercise of warrants during the quarterSubsequent to the quarter's end, received an additional $11 million of net proceeds from the exercise of warrants during July 2020Expanded... More