written by reader WRTC

By Braulio, August 7, 2019

Getting killed on wrap technologies. Anyone else feeling the pain and have some insight going forward?

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August 8, 2019 9:57 am

great product I fully believe in its capabilities to solve a great issue. BUT they have spent more money on research and development and administrative expenses (3.3 Mil) than they have made in revenue (23K) . I think its going to take some time for them to be able to hold the weight of the fixed expenses they have made for themselves. the best thing to hope for is they get a big contract with government or they get bought out by a bigger company. Other than that its going to take a long time.

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