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Side-by-side financial comparison of Meiwu Technology Co Ltd (WNW) and WRAP TECHNOLOGIES, INC. (WRAP). Click either name above to swap in a different company.

Meiwu Technology Co Ltd is the larger business by last-quarter revenue ($2.5M vs $1.4M, roughly 1.8× WRAP TECHNOLOGIES, INC.). Meiwu Technology Co Ltd runs the higher net margin — -54.9% vs -280.9%, a 226.0% gap on every dollar of revenue. On growth, Meiwu Technology Co Ltd posted the faster year-over-year revenue change (2775.9% vs 62.3%).

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.

WNW vs WRAP — Head-to-Head

Bigger by revenue
WNW
WNW
1.8× larger
WNW
$2.5M
$1.4M
WRAP
Growing faster (revenue YoY)
WNW
WNW
+2713.6% gap
WNW
2775.9%
62.3%
WRAP
Higher net margin
WNW
WNW
226.0% more per $
WNW
-54.9%
-280.9%
WRAP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
WNW
WNW
WRAP
WRAP
Revenue
$2.5M
$1.4M
Net Profit
$-1.4M
$-3.9M
Gross Margin
12.8%
52.3%
Operating Margin
-55.5%
-281.1%
Net Margin
-54.9%
-280.9%
Revenue YoY
2775.9%
62.3%
Net Profit YoY
-293.8%
48.1%
EPS (diluted)
$-0.03

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
WNW
WNW
WRAP
WRAP
Q4 25
$1.4M
Q3 25
$1.5M
Q2 25
$2.5M
$1.0M
Q1 25
$765.0K
Q4 24
$865.0K
Q3 24
$593.0K
Q2 24
$1.6M
Q1 24
$1.5M
Net Profit
WNW
WNW
WRAP
WRAP
Q4 25
$-3.9M
Q3 25
$-2.8M
Q2 25
$-1.4M
$-3.7M
Q1 25
$109.0K
Q4 24
$-7.6M
Q3 24
$2.0M
Q2 24
$-385.0K
Q1 24
$117.0K
Gross Margin
WNW
WNW
WRAP
WRAP
Q4 25
52.3%
Q3 25
59.2%
Q2 25
12.8%
48.1%
Q1 25
77.8%
Q4 24
47.4%
Q3 24
39.6%
Q2 24
62.6%
Q1 24
56.6%
Operating Margin
WNW
WNW
WRAP
WRAP
Q4 25
-281.1%
Q3 25
-185.2%
Q2 25
-55.5%
-282.2%
Q1 25
-512.7%
Q4 24
-535.5%
Q3 24
-611.5%
Q2 24
-201.5%
Q1 24
-280.4%
Net Margin
WNW
WNW
WRAP
WRAP
Q4 25
-280.9%
Q3 25
-186.0%
Q2 25
-54.9%
-368.3%
Q1 25
14.2%
Q4 24
-878.3%
Q3 24
335.6%
Q2 24
-24.5%
Q1 24
7.9%
EPS (diluted)
WNW
WNW
WRAP
WRAP
Q4 25
Q3 25
$-0.06
Q2 25
$-0.03
$-0.07
Q1 25
Q4 24
Q3 24
$0.04
Q2 24
$-0.02
Q1 24

Balance Sheet & Financial Strength

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

Metric
WNW
WNW
WRAP
WRAP
Cash + ST InvestmentsLiquidity on hand
$33.3M
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.4M
$11.5M
Total Assets
$60.1M
$15.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WNW
WNW
WRAP
WRAP
Q4 25
$3.5M
Q3 25
$6.0M
Q2 25
$33.3M
$4.2M
Q1 25
$6.2M
Q4 24
$3.6M
Q3 24
$4.9M
Q2 24
$4.6M
Q1 24
$8.2M
Stockholders' Equity
WNW
WNW
WRAP
WRAP
Q4 25
$11.5M
Q3 25
$14.1M
Q2 25
$58.4M
$11.8M
Q1 25
$2.6M
Q4 24
$250.0K
Q3 24
$6.4M
Q2 24
$3.8M
Q1 24
$4.5M
Total Assets
WNW
WNW
WRAP
WRAP
Q4 25
$15.4M
Q3 25
$18.2M
Q2 25
$60.1M
$15.6M
Q1 25
$18.0M
Q4 24
$15.1M
Q3 24
$18.8M
Q2 24
$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
WNW
WNW
WRAP
WRAP
Operating Cash FlowLast quarter
$6.7M
$-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
WNW
WNW
WRAP
WRAP
Q4 25
$-2.7M
Q3 25
$-2.6M
Q2 25
$6.7M
$-1.9M
Q1 25
$-3.1M
Q4 24
$-1.2M
Q3 24
$330.0K
Q2 24
$-3.5M
Q1 24
$-3.7M
Free Cash Flow
WNW
WNW
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
WNW
WNW
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
WNW
WNW
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
WNW
WNW
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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