WRAP Technologies (WRAP) Misses Q1 EPS by 4c, Revenues Miss

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Go back to WRAP Technologies (WRAP) Misses Q1 EPS by 4c, Revenues Miss

WRAP Reports First Quarter 2021 Results

April 29, 2021 4:03 PM EDT

TEMPE, Ariz., April 29, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the Company), a global leader in innovative public safety technologies and services, today announced results for its first quarter ended March 31, 2021 (1Q21).

First Quarter 2021 Highlights

Net revenues grew 123% to $1.5 millionGross margin of 39%, similar to 1Q20, up from 33% in 4Q20 Trained agencies increased 222% over prior-year quarter, to 628Certified officer instructors increased 172% over prior-year quarter, to 1,961President Tom Smith appointed CEOWRAP Reality... More