Wrap Technologies, Inc. (WRAP) Earnings Call Transcripts
Wrap Technologies, Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of fiscal year 2026, Wrap Technologies, Inc. reported a significant revenue increase of 45% year-over-year, reaching $1.1 million, driven by a remarkable 186% surge in product sales. The company maintained its ambitious target of 100% revenue growth for the year, bolstered by a strong pipeline and increasing adoption of its BolaWrap technology. Management expressed confidence in the ongoing momentum, indicating that the early signs of commercial traction are translating into measurable financial performance.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $1.1 million (beat) |
| Product Sales | $0.9 million (beat) |
| Technology-enabled Services Revenue | $0.2 million (miss) |
| Gross Profit | $0.7 million (beat) |
| Gross Margin | 62% (negative) |
| Operating Expenses | $5.5 million (negative) |
Guidance from management
Management reiterated its target of 100% revenue growth for 2026, citing strengthened conviction in their pipeline and ongoing momentum in sales.
What management said
So first question that came in. Should shareholders view the current financing approach as particularly bridge during the company's scaling phase? Or as the capital structure model management expects to continue utilizing going forward?
Final question. How should shareholders interpret the April 10, 2026 trading session, where trading volume dramatically exceeded historical norms without any repricing of the equity.
What analysts pressed on
Analysts expressed concerns regarding the company's reliance on higher diluted financing structures and the need for a CFO to enhance communication with capital markets. There were questions about how the company plans to reduce this reliance moving forward.
Main topics on the call
- Revenue Growth — Wrap Technologies achieved total revenue of $1.1 million, a 45% increase from $0.8 million in the prior year. Management stated, "Our conviction in that target has strengthened," highlighting the strong performance in pr...
- Product Sales Surge — Product sales reached $0.9 million, up from $0.3 million year-over-year, indicating robust demand for the BolaWrap 150 line. This growth reflects both domestic and international market expansion.
- Recurring Revenue Growth — Management noted that recurring revenue from cassettes and consumables is becoming a significant component of product revenue, suggesting a shift towards a more sustainable revenue model. They stated, "Recurring revenue ...
- Gross Margin Decline — Gross margin decreased to 62% from 78% in the prior year, attributed to a higher proportion of lower-margin hardware sales. Management expects margins to improve as technology-enabled services revenue grows.
Read the full Wrap Technologies, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Wrap Technologies, Inc.
Wrap Technologies, Inc. (WRAP) is a publicly listed company in the Electronic Equipment, Instruments and Components industry, within the Information Technology sector. It trades on NasdaqCM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 26 calls on record spanning April 29, 2020 to August 11, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 26 Wrap Technologies, Inc. earnings call transcripts on record, spanning April 29, 2020 to August 11, 2026. Based on this history, Wrap Technologies, Inc. reports quarterly. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- WRAP
- Exchange
- NasdaqCM
- Country
- US
- Sector
- Information Technology
- Calls on record
- 26
- First call
- April 29, 2020
- Most recent
- August 11, 2026
- Reporting cadence
- quarterly