Kevin Mullins: Thank you, Chris. As we conclude another pivotal quarter, I am proud to share that the dedication, resilience and strategic efforts of the entire Wrap Technologies team have been the driving force behind our continued success. We navigated the challenges and harnessed the opportunities, reinforcing our position in the market as we continue to earn the trust of our clientele. The outlook for our future has never been brighter, with a deep understanding of the industry we are experiencing strong demand for our solutions. This demand isn’t just a testament of the quality of our products, but also a reflection of the evolving needs of a world where technology plays an increasingly pivotal role. Our vision for the future is clear: To continue to grow at a high trajectory, remain at the forefront of innovation and further solidify our market leadership.
With the continued support of our stakeholders and the relentless efforts of our team, we are poised to achieve these goals and exceed expectations. I’ll now turn the call back to JD to facilitate the Q&A and pre-selected questions we have received from investors.
A – Unidentified Company Representative: Thank you, Kevin. The following questions were submitted from shareholders and interested parties. Kevin, with the record-breaking revenue this quarter, largely driven by international orders, particularly from the North African region, can you elaborate on what factors contributed to this success and whether it is sustainable in the long-term?
Kevin Mullins: There are multiple factors contributing to our growing success. Speaking for BolaWrap, in both the domestic and the international market, there is a commonality. Agencies, law enforcement, political leaders, and all of society are looking for solutions to bridge communities, with those charged to protect them. Looking back at the pandemic, looking back at high profile negative situations, we have had civil unrest. We have had geopolitical events that have changed policy and perception. Everyone is looking for a solution to lower uses of force, be able to deescalate situations, how do we increase subject safety, mitigate liability and entry to officers, liability to the agency, to the municipality, and BolaWrap is really the answer that everyone is seeking.
It is the outcome that everyone is seeking. And we see this in the U.S. and we see this in every country around the world. So demand is growing, and it’s our job at Wrap Technologies to meet that demand. From the standpoint of our new body camera platform, we live in a video world now. It’s a consensus of most of public safety that every agency will be required to wear a body camera in the next five years. At least that’s the consensus within the U.S. market. Internationally, we’re seeing many countries that have felt they cannot afford a body-worn camera solution, or the process is too complex, or the upload ability might not work within that geographic territory. We solve those issues. Our solution is infinitely scalable. It’s openly integrated, and it’s affordable for agencies allowing them to be able to move forward.
With our VR training solution, studies show that VR learners are 4x faster. They’re more comfortable, they retain at higher levels. With Wrap Reality, we’ve created new content at extraordinary levels. We’re putting new scenarios out roughly every month, recent scenarios additions deal with the in-homed, with [indiscernible] identification, with command control, showing that we listen to our partner agencies and we provide enabled content at the fastest possible levels. So we’re reaching out, we’re meeting the demand of where our customers are. So, the original question, absolutely we are sustainably positioned to meet whatever the growth cycle is, and that’s the excitement within Wrap Technologies right now.
