Filing Flows › Wrap Technologies (WRAP) › Q1 2025
Wrap Technologies (WRAP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Wrap Technologies (WRAP) reported revenue of $765K for the first quarter 2025 (Q1 2025), -48% from a year earlier and -12% from the quarter before. Operating margin was -512.7%, net earnings $109K (14.2% of revenue).
Wrap Technologies, Q1 2025: revenue $765K (-48% year over year), operating margin -512.7%, net earnings $109K, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $765K | -12% | -48% |
| Operating profit | −$3.9M | — | — |
| Net earnings | $109K | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $765K in Q1 2025, down 48% year over year and down 12% from the previous quarter.
Gross margin was 77.8%, up 21.1 points from a year earlier. Operating costs exceeded revenue by $3.9M, an operating margin of -512.7%. Operating expenses fell 9% while revenue fell 48%. Net earnings were $109K, down 7% year over year. The effective tax rate was 0.0%. Non-operating items added $4.0M, 3698% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.1M. Non-cash charges added back $155K of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $5.0M. Capital expenditures of $2K exceeded it, leaving free cash flow of −$3.1M.
Questions
What was Wrap Technologies' revenue in the first quarter 2025?
Wrap Technologies (WRAP) reported revenue of $765K for the first quarter 2025 (Q1 2025), -48% from a year earlier and -12% from the quarter before.
Was Wrap Technologies profitable in the first quarter 2025?
Operating loss was $3.9M (-512.7% of revenue) and net earnings $109K.
Source: Wrap Technologies 10-Q on SEC EDGAR.