WRAP TECHNOLOGIES, INC.
Business
Wrap Technologies is a global public safety technology and services company providing integrated non-lethal solutions for law enforcement, corrections, defense, and public safety organizations. Its core products include BolaWrap (handheld tether-deployment devices with recurring consumable cassettes), WrapReality (VR training platform), WrapTactics (digital subscription training), WrapVision (body-worn cameras and cloud-based digital evidence management), and counter-UAS technologies. The company operates across domestic law enforcement, corrections, international markets, and emerging federal defense and homeland security segments through direct sales, distribution partners, and strategic reseller relationships.
Summary from 10-K filed 2026-03-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues, gross | 5 | 5 | — | — | — | |
| Sales returns and allowances | −531,000 | 0 | — | — | — | |
| Total revenues, net | 5 | 5 | 6 | 8 | 8 | |
| Cost of revenues | 2 | 2 | 3 | 4 | 6 | |
| Gross profit | 3 | 2 | 3 | 4 | 2 | |
| Selling, general and administrative | 16 | 16 | 18 | 16 | 20 | |
| Research and development | 56,000 | 2 | 3 | 5 | 6 | |
| Total operating expenses | 16 | 18 | 22 | 21 | 26 | |
| Loss from operations | −13 | −16 | −19 | −18 | −24 | |
| Interest Income | 7,000 | 156,000 | 375,000 | 52,000 | 31,000 | |
| Change in fair value of warranty liabilities | 3 | 10 | −12 | 0 | — | |
| Other | −15,000 | −36,000 | 113,000 | 61,000 | 15,000 | |
| Total other income / (expense), net | 3 | 10 | −11 | 113,000 | 46,000 | |
| Net loss | −10 | −6 | −30 | −18 | −24 | |
| Less: Convertible preferred stock dividends | −903,000 | −1 | −392,000 | 0 | — | |
| Net loss attributable to common stockholders | −11 | −7 | −31 | −18 | — | |
| Net loss per basic share of Common Stock (in Dollars per share) | −0.22 | −0.16 | −0.72 | −0.43 | −0.62 | |
| Net loss per diluted share of Common Stock (in Dollars per share) | −0.22 | −0.16 | −0.72 | — | — | |
| Weighted average shares of Common Stock used to compute net loss per basic shares of Common Stock (in Shares) | 50 | 46 | 42 | 41 | 39 | |
| Weighted average shares of Common Stock used to compute net loss per diluted shares of Common Stock (in Shares) | 50 | 46 | 42 | — | — | |
| Comprehensive loss | −10 | −6 | −31 | −18 | −24 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 4 | 4 | 5 | — | |
| Accounts receivable and contract assets | 3 | 513,000 | 3 | 3 | — | |
| Inventories, net | 5 | 6 | 6 | 4 | 4 | |
| Prepaid expenses and other current assets | 194,000 | 178,000 | 953,000 | 775,000 | — | |
| Total current assets | 11 | 10 | 21 | 27 | — | |
| Property and equipment, net | 123,000 | 146,000 | 509,000 | 758,000 | — | |
| Operating lease right-of-use asset, net | 2 | 2 | 2 | 285,000 | — | |
| Intangible assets, net | 2 | 2 | 3 | 3 | — | |
| Other assets | 128,000 | 186,000 | 251,000 | 100,000 | — | |
| Total assets | 15 | 15 | 29 | 31 | — | |
| Accounts payable | 620,000 | 609,000 | 1 | 1 | — | |
| Accrued liabilities | 407,000 | 1 | 692,000 | 1 | — | |
| Customer deposits | 62,000 | 27,000 | 1 | 0 | — | |
| Deferred revenue- short term | 408,000 | 466,000 | 407,000 | 166,000 | — | |
| Operating lease liability - short term | 320,000 | 567,000 | 616,000 | 108,000 | — | |
| Warrants - short term | — | 10 | 20 | 0 | — | |
| Total current liabilities | 2 | 13 | 24 | 3 | — | |
| Deferred revenue- long term | 14,000 | 39,000 | 137,000 | 167,000 | — | |
| Operating lease liability - long term | 2 | 2 | 2 | 193,000 | — | |
| Total long-term liabilities | 2 | 2 | 2 | 360,000 | — | |
| Total liabilities | 4 | 15 | 25 | 4 | — | |
| Commitments and contingencies (Note 11) | — | — | — | — | — | |
| Preferred Stock | 0 | 0 | — | 0 | — | |
| Common stock - 200,000,000 authorized; par value $0.0001 per share; 51,733,217 and 47,101,631 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 5,000 | 5,000 | 4,000 | 4,000 | — | |
| Additional paid-in capital | 128 | 105 | 101 | 94 | — | |
| Accumulated deficit | −116 | −105 | −98 | −67 | — | |
| Accumulated other comprehensive loss | 0 | 0 | — | 94,000 | — | |
| Total stockholders' equity | 11 | 250,000 | 3 | 27 | — | |
| Total liabilities and stockholders' equity | 15 | 15 | 29 | 31 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 594,000 | 827,000 | 823,000 | — | — | |
| Impairment of goodwill and intangibles | 588,000 | 2 | — | — | — | |
| Loss on disposition of assets | 10,000 | 0 | — | 0 | −27,000 | |
| Share-based compensation | 4 | 2 | 2 | 3 | 5 | |
| Warranty provision | −40,000 | 90,000 | 116,000 | 210,000 | 10,000 | |
| Non-cash lease expense | −211,000 | 292,000 | 177,000 | 101,000 | 88,000 | |
| Provision for credit losses | 117,000 | 66,000 | 180,000 | 72,000 | 123,000 | |
| Inventory obsolescence reserve | 36,000 | 15,000 | 465,000 | 0 | 0 | |
| Accounts receivable | −2 | 2 | −696,000 | 957,000 | −2 | |
| Inventories | 1 | −391,000 | −2 | −2 | 559,000 | |
| Prepaid expenses and other current assets | −16,000 | 775,000 | −179,000 | — | — | |
| Accounts payable | 11,000 | −441,000 | −617,000 | −360,000 | 546,000 | |
| Operating lease liabilities | 221,000 | −91,000 | −160,000 | −91,000 | −94,000 | |
| Customer deposits | 35,000 | −975,000 | 1 | −43,000 | 41,000 | |
| Accrued liabilities and other | −951,000 | 700,000 | −344,000 | — | — | |
| Warranty settlement | −13,000 | −79,000 | −169,000 | −181,000 | 38,000 | |
| Deferred revenue | −83,000 | −39,000 | 210,000 | 68,000 | 249,000 | |
| Other non-current assets | 58,000 | 63,000 | −151,000 | 0 | — | |
| Net cash used in operating activities | −10 | −8 | −17 | −15 | −18 | |
| Proceeds from maturities of short-term investments | 0 | 8 | 16 | 47 | 50 | |
| Capital expenditures for property and equipment | −100,000 | −12,000 | −230,000 | −256,000 | −995,000 | |
| Investment in patents, trademarks, and other intangibles | −287,000 | −156,000 | −393,000 | — | — | |
| Net cash paid for acquisition of Intrensic | 0 | −20,000 | −554,000 | 0 | — | |
| Net cash (used in) provided by investing activities | −387,000 | 7 | 5 | 15 | −7 | |
| Proceeds from exercise of stock options | 245,000 | 588,000 | 208,000 | 83,000 | 2 | |
| Proceeds from issuance of Series B convertible preferred stock | 5 | 0 | 10 | — | — | |
| Proceeds from issuance of warrants and common stock, net of offering costs | 6 | 0 | — | — | — | |
| Dividends settled in cash | 0 | −120,000 | −58,000 | 0 | — | |
| Net cash provided by financing activities | 11 | 468,000 | 10 | 83,000 | 13 | |
| Net decrease in cash and cash equivalents | −142,000 | −345,000 | −1 | — | — | |
| Reclassification of warrant liabilities to additional paid in capital | 12 | 0 | — | — | — | |
| Dividends on convertible preferred stock | −1 | −1 | −334,000 | — | — | |
| Dividends settled with common stock | 492,000 | 1 | 232,000 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is WRAP TECHNOLOGIES, INC.'s CIK number?
WRAP TECHNOLOGIES, INC.'s SEC CIK number is 0001702924 (1702924). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find WRAP TECHNOLOGIES, INC.'s SEC filings?
All of WRAP TECHNOLOGIES, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did WRAP TECHNOLOGIES, INC. last report earnings?
WRAP TECHNOLOGIES, INC. (WRAP) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-022738). This is WRAP TECHNOLOGIES, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is WRAP TECHNOLOGIES, INC.'s most recent earnings 8-K?
WRAP TECHNOLOGIES, INC.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001493152-26-022738. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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