Wrap Technologies, Inc. (WRAP)

Nasdaq: WRAP · Ordnance & Accessories, (No Vehicles/Guided Missiles) · Miami, FL · filing with the SEC since 2017

Grade2.9

◀ Past 1.8● Present 2.1▶ Future 5.2

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 26, 2026	Mar 31, 2025	Aug 28, 2024	Mar 2, 2023	Mar 10, 2022	Mar 4, 2021	Mar 10, 2020	Mar 7, 2019	Mar 6, 2018	·
Revenue	4,672,000	4,507,000	6,133,000	8,049,000	7,729,000	3,944,000^r	696,790	23,150	0	·
For lenders
Interest and dividend income	·	·	·	·	·	83,272	291,494	2,912	0	·
Interest and investment income	7,000	156,000	375,000	52,000	31,000	83,000	·	·	·	·
Net interest income	·	·	·	·	·	496,588	288,188	1,199	0	·
Cost of revenue	1,973,000	2,042,000	3,227,000	4,315,000	5,734,000	2,601,000^r	420,016	18,611	0	·
Gross profit	2,699,000	2,465,000	2,906,000	3,734,000	1,995,000	1,343,000^r	276,774	4,539	0	·
Research and development	56,000	2,344,000	3,267,000	5,078,000	6,214,000	2,789,000^r	2,236,985	734,776	311,335	·
Selling, general and administrative	16,128,000	15,688,000	18,361,000	16,386,000	20,276,000	11,631,000^r	6,653,465	2,607,397	522,210	·
Total operating expenses	16,184,000	18,032,000	21,628,000	21,464,000	26,490,000	14,420,000^r	8,890,450	3,342,173	833,545	·
Operating income	-13,485,000	-15,567,000	-18,722,000	-17,730,000	-24,495,000	-13,077,000^r	-8,613,676	-3,337,634	-833,545	·
Interest expense	·	·	·	·	0	2,000	0	1,304	0	·
Other income (expense), net	-15,000	-36,000	113,000	61,000	15,000	-3,000	·	·	·	·
Total non-operating income (expense)	3,150,000	9,692,000	-11,498,000	113,000	46,000	497,000	·	·	·	·
Income before income taxes	-10,335,000	·	·	·	·	·	·	·	·	·
Income tax expense	0	0	0	0	0	0	0	0	0	·
Net income including non-controlling interests	·	·	·	·	·	-12,580,209	-8,325,488	·	·	·
Net income	-10,335,000	-5,875,000	-30,220,000	-17,617,000	-24,449,000	-12,580,000^r	-8,325,488	-3,336,435	-833,545	·
Preferred dividends	903,000	1,218,000	392,000	0	·	·	·	·	·	·
Net income to common shareholders	-11,238,000	-7,093,000	-30,612,000	-17,617,000	·	·	·	·	·	·
Earnings per share, basic	-0.22	-0.16	-0.72	-0.43	-0.62	·	·	-0.14	-0.04	·
Earnings per share, diluted	-0.22	-0.16	-0.72	·	·	·	·	·	·	·
Earnings per share, basic and diluted	·	·	·	·	-0.62	-0.37	-0.29	-0.14	·	·
Weighted average shares, basic	50,390,735	45,621,214	42,324,190	41,174,812	39,281,620	·	·	23,578,291	20,194,560	·
Weighted average shares, diluted	50,390,735	45,621,214	42,324,190	·	·	·	·	·	·	·
Weighted average shares, basic and diluted	·	·	·	·	39,281,620	33,846,338	28,652,625	23,578,291	·	·

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted

SI Assistanton WRAP · research, not advice