Wrap Technologies is trading 10.16% down at $1.68 after reversing an initial positive reaction to its August 11 earnings release.
- Second-quarter revenue reached $2.1 million, up 103% year over year; gross margin expanded to approximately 75%, and operating losses narrowed.
- No reliable company announcement or source explicitly explains the August 12 selloff.
- Broader technology sentiment is positive; the decline appears to reflect profit-taking or valuation concerns, but this remains unconfirmed.