2023-04-17 17:19:20 ET
- Wrap Technologies press release ( NASDAQ: WRAP ): Preliminary Estimated Results for Q1 2023
- First quarter 2023 revenue is estimated to be between $0.60 million and $0.70 million, which compares to $1.6 million in the prior year period.
- The Company believes gross margin for the first quarter 2023 will be inline with the prior year period.
- Net loss for the first quarter 2023 is estimated to be between $3.7 million and $4.3 million for the quarter, compared to $5.4 million in the prior year period.
- Cash, cash equivalents and short-term investments were approximately $16 million as of March 31, 2023, compared to $30 million as of March 31, 2022.
For further details see:
Wrap Technologies reports Q1 results