Wrap Technologies, Inc. (NASDAQ:WRTC) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.08 per share from $ 1.26 million in revenue.
For the full year, analysts predict revenues of $ 4.86 million, while looking forward to loss of $ 0.33 per share.
Previous Quarter Performance
Wrap Technologies, Inc. posted loss for the second quarter of $ 0.09 per share, from the revenue of $ 0.83 million. The quarterly revenues grew 1,283.33 percent compared with the same quarter last year. Wall street analysts are predicting, WRTC to report 2Q20 loss of $ 0.07 per share from revenue of $ 0.74 million. The bottom line results missed street analysts by $ 0.02 or 28.57 percent, at the same time, top line results outshined analysts by $ 0.09 million or 12.16 percent.
Stock Performance
Shares of Wrap Technologies, Inc. traded low $ -0.24 or -4.44 percent on Wednesday, reaching $ 5.16 with volume of 493.50 thousand shares. Wrap Technologies, Inc. has traded high as $ 5.35 and has cracked $ 4.95 on the downward trend
According to the previous trading day, closing price of $ 5.16, representing a 75.90 % increase from the 52 week low of $ 3.07 and a 62.5 % decrease over the 52 week high of $ 14.40.
The company has a market capital of $ 188.59 million and is part of the Industrials sector and Security & Protection Services industry.
Conference Call
Wrap Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wraptechnologies.com
Wrap Technologies, Inc., a security technology company, develops security products for law enforcement and security personnel. It develops BolaWrap, a hand-held remote restraint device to control an individual or impede flight by targeting and wrapping an individuals legs. The company was founded in 2016 and is headquartered in Las Vegas, Nevada.
