WRAP TECHNOLOGIES, INC.WRAPEarnings & Financial Report
Wrap Technologies, Inc. develops non-lethal safety solutions for law enforcement, corrections, and private security sectors across North America and global markets. Its core products include remote restraint devices and training services designed to reduce use-of-force injuries and improve public safety outcomes.
Revenue
$1.6M
Gross Profit
$984.0K
Operating Profit
$-3.2M
Net Profit
$-385.0K
Gross Margin
62.6%
Operating Margin
-201.5%
Net Margin
-24.5%
YoY Growth
30.9%
EPS
$-0.02
WRAP TECHNOLOGIES, INC. Q2 FY2024 Financial Summary
WRAP TECHNOLOGIES, INC. reported revenue of $1.6M (up 30.9% YoY) for Q2 FY2024, with a net profit of $-385.0K (up 92.3% YoY) (-24.5% margin). Cost of goods sold was $589.0K, operating expenses totaled $4.2M.
Key Financial Metrics
| Total Revenue | $1.6M |
|---|---|
| Net Profit | $-385.0K |
| Gross Margin | 62.6% |
| Operating Margin | -201.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
WRAP TECHNOLOGIES, INC. Q2 FY2024 revenue of $1.6M breaks down across 2 segments, led by Americas at $1.5M (97.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Americas | $1.5M | 97.6% |
| Other | $37.0K | 2.4% |
WRAP TECHNOLOGIES, INC. Annual Revenue by Year
WRAP TECHNOLOGIES, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.7M).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.7M |
| 2024 | $4.5M |
| 2023 | $6.1M |
| 2022 | $8.0M |
WRAP TECHNOLOGIES, INC. Quarterly Revenue & Net Profit History
WRAP TECHNOLOGIES, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.4M | +62.3% | $-3.9M | -280.9% |
| Q3 FY2025 | $1.5M | +151.4% | $-2.8M | -186.0% |
| Q2 FY2025 | $1.0M | -35.7% | $-3.7M | -368.3% |
| Q1 FY2025 | $765.0K | -48.2% | $109.0K | 14.2% |
| Q4 FY2024 | $865.0K | +46.9% | $-7.6M | -878.3% |
| Q3 FY2024 | $593.0K | -83.7% | $2.0M | 335.6% |
| Q2 FY2024 | $1.6M | +30.9% | $-385.0K | -24.5% |
| Q1 FY2024 | $1.5M | +107.6% | $117.0K | 7.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M | $1.6M | $593000 | $865000 | $765000 | $1.0M | $1.5M | $1.4M |
| YoY Growth | 107.6% | 30.9% | -83.7% | 46.9% | -48.2% | -35.7% | 151.4% | 62.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $24.8M | $21.8M | $18.8M | $15.1M | $18.0M | $15.6M | $18.2M | $15.4M |
| Liabilities | $20.3M | $17.9M | $12.4M | $14.9M | $15.4M | $3.9M | $4.1M | $3.9M |
| Equity | $4.5M | $3.8M | $6.4M | $250000 | $2.6M | $11.8M | $14.1M | $11.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.7M | $-3.5M | $330000 | $-1.2M | $-3.1M | $-1.9M | $-2.6M | $-2.7M |