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Side-by-side financial comparison of Indonesia Energy Corp Ltd (INDO) and WRAP TECHNOLOGIES, INC. (WRAP). Click either name above to swap in a different company.

Indonesia Energy Corp Ltd is the larger business by last-quarter revenue ($1.4M vs $1.4M, roughly 1.0× WRAP TECHNOLOGIES, INC.). Indonesia Energy Corp Ltd runs the higher net margin — -195.5% vs -280.9%, a 85.4% gap on every dollar of revenue. On growth, WRAP TECHNOLOGIES, INC. posted the faster year-over-year revenue change (62.3% vs 0.0%).

PT Kino Indonesia Tbk, formerly PT Kinocare Era Kosmetindo, or simply known as Kino, is an Indonesian multinational consumer goods company headquartered in Tangerang, Banten, founded in 1999 by Harry Sanusi. It specializes the manufacturing of its products in the wide range of personal care, hygiene, health care, confectionery, pastry, beverages, and pet care. As of 2022, the company is currently led by Sidharta Prawira Oetama as its president director while Sanusi act as its president commis...

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.

INDO vs WRAP — Head-to-Head

Bigger by revenue
INDO
INDO
1.0× larger
INDO
$1.4M
$1.4M
WRAP
Growing faster (revenue YoY)
WRAP
WRAP
+62.3% gap
WRAP
62.3%
0.0%
INDO
Higher net margin
INDO
INDO
85.4% more per $
INDO
-195.5%
-280.9%
WRAP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
INDO
INDO
WRAP
WRAP
Revenue
$1.4M
$1.4M
Net Profit
$-2.8M
$-3.9M
Gross Margin
52.3%
Operating Margin
-167.8%
-281.1%
Net Margin
-195.5%
-280.9%
Revenue YoY
0.0%
62.3%
Net Profit YoY
-34.5%
48.1%
EPS (diluted)
$-0.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INDO
INDO
WRAP
WRAP
Q4 25
$1.4M
Q3 25
$1.5M
Q2 25
$1.4M
$1.0M
Q1 25
$765.0K
Q4 24
$865.0K
Q3 24
$593.0K
Q2 24
$1.8M
$1.6M
Q1 24
$1.5M
Net Profit
INDO
INDO
WRAP
WRAP
Q4 25
$-3.9M
Q3 25
$-2.8M
Q2 25
$-2.8M
$-3.7M
Q1 25
$109.0K
Q4 24
$-7.6M
Q3 24
$2.0M
Q2 24
$-2.1M
$-385.0K
Q1 24
$117.0K
Gross Margin
INDO
INDO
WRAP
WRAP
Q4 25
52.3%
Q3 25
59.2%
Q2 25
48.1%
Q1 25
77.8%
Q4 24
47.4%
Q3 24
39.6%
Q2 24
62.6%
Q1 24
56.6%
Operating Margin
INDO
INDO
WRAP
WRAP
Q4 25
-281.1%
Q3 25
-185.2%
Q2 25
-167.8%
-282.2%
Q1 25
-512.7%
Q4 24
-535.5%
Q3 24
-611.5%
Q2 24
-102.7%
-201.5%
Q1 24
-280.4%
Net Margin
INDO
INDO
WRAP
WRAP
Q4 25
-280.9%
Q3 25
-186.0%
Q2 25
-195.5%
-368.3%
Q1 25
14.2%
Q4 24
-878.3%
Q3 24
335.6%
Q2 24
-114.0%
-24.5%
Q1 24
7.9%
EPS (diluted)
INDO
INDO
WRAP
WRAP
Q4 25
Q3 25
$-0.06
Q2 25
$-0.19
$-0.07
Q1 25
Q4 24
Q3 24
$0.04
Q2 24
$-0.26
$-0.02
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INDO
INDO
WRAP
WRAP
Cash + ST InvestmentsLiquidity on hand
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$21.9M
$11.5M
Total Assets
$25.2M
$15.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDO
INDO
WRAP
WRAP
Q4 25
$3.5M
Q3 25
$6.0M
Q2 25
$4.2M
Q1 25
$6.2M
Q4 24
$3.6M
Q3 24
$4.9M
Q2 24
$4.6M
Q1 24
$8.2M
Stockholders' Equity
INDO
INDO
WRAP
WRAP
Q4 25
$11.5M
Q3 25
$14.1M
Q2 25
$21.9M
$11.8M
Q1 25
$2.6M
Q4 24
$250.0K
Q3 24
$6.4M
Q2 24
$13.1M
$3.8M
Q1 24
$4.5M
Total Assets
INDO
INDO
WRAP
WRAP
Q4 25
$15.4M
Q3 25
$18.2M
Q2 25
$25.2M
$15.6M
Q1 25
$18.0M
Q4 24
$15.1M
Q3 24
$18.8M
Q2 24
$17.5M
$21.8M
Q1 24
$24.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INDO
INDO
WRAP
WRAP
Operating Cash FlowLast quarter
$-2.5M
$-2.7M
Free Cash FlowOCF − Capex
$-2.7M
FCF MarginFCF / Revenue
-190.3%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDO
INDO
WRAP
WRAP
Q4 25
$-2.7M
Q3 25
$-2.6M
Q2 25
$-2.5M
$-1.9M
Q1 25
$-3.1M
Q4 24
$-1.2M
Q3 24
$330.0K
Q2 24
$-700.9K
$-3.5M
Q1 24
$-3.7M
Free Cash Flow
INDO
INDO
WRAP
WRAP
Q4 25
$-2.7M
Q3 25
$-2.7M
Q2 25
$-1.9M
Q1 25
$-3.1M
Q4 24
$-1.2M
Q3 24
Q2 24
$-3.5M
Q1 24
$-3.7M
FCF Margin
INDO
INDO
WRAP
WRAP
Q4 25
-190.3%
Q3 25
-181.1%
Q2 25
-192.3%
Q1 25
-401.4%
Q4 24
-139.5%
Q3 24
Q2 24
-224.2%
Q1 24
-253.3%
Capex Intensity
INDO
INDO
WRAP
WRAP
Q4 25
0.5%
Q3 25
5.7%
Q2 25
0.6%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.9%
Cash Conversion
INDO
INDO
WRAP
WRAP
Q4 25
Q3 25
Q2 25
Q1 25
-28.16×
Q4 24
Q3 24
0.17×
Q2 24
Q1 24
-31.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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