Wrap Technologies, Inc. (WRAP)

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

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Grade2.9

◀ Past 1.8● Present 2.1▶ Future 5.2

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Wrap Technologies, Inc.

Nine metrics read from its own filings, by tense

Headline grade

2.9/10

◀ Past1.830% of the headline

● Present2.140% of the headline

▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.8/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.8/10

Has it survived what it has been through?

6 warning events since 2017; the latest 2024-08-21.

weight 33% of this tense · 8th percentile among 37 sector filers · read for itself

From the record

Wrap Technologies, Inc.'s filings since 2017 show 6 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2024-08-21); an auditor change (8-K item 4.01, 2 times, the latest 2024-05-13); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-04-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

2.6/10

What has it actually done, year after year?

9 filed years; profitable in 0 of 9.

weight 45% of this tense · 26th percentile among 34 sector filers · read for its customers

From the record

Wrap Technologies, Inc.'s 9 filed years say what it did: it rose in 5 of 7 years; the deepest fall was 44% from fiscal 2022 to fiscal 2024; net income was positive in 0 of 9 of those years (its annual reports).

What it rests on

the share of years revenue rosetop 41% of its family
the share of filed years with a profitbottom 4% of its family
the deepest fall from a revenue peak44.0%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.7/10

How has it treated the people who own it?

SI estimate 1.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 17th percentile among 34 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 17% of 34 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 34 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Wrap Technologies, Inc.'s shareholder treatment is put at 1.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 17% of 34 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.1/1040% of the headline grade · 3 of 3 filed

Financial health

as filed

3.5/10

Is it financially healthy right now?

ROE -90%: lost 90¢ per shareholder dollar. Leverage 25%: owes 25¢ per asset dollar.

weight 45% of this tense · 35th percentile among 34 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Wrap Technologies, Inc. lost about 90 cents for every dollar of shareholders' money, and gross profitability: its products earned about 18 cents per dollar of everything the company owns. Leverage: it owed about 25 cents per dollar of assets, and net share issuance: its share count grew 10.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 24% of its family
return on equitybottom 5% of its family
gross profit against assetsbottom 38% of its family
the share count against the year beforebottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

0.6/10

How strong is its position in its industry?

bottom 6% of 35 in its family; net margin -221.2%.

weight 33% of this tense · 6th percentile among 35 sector filers · read for its customers

From the record

Wrap Technologies, Inc.'s standing among 35 graded names in its industry family: revenue of $5 million in fiscal 2025 ranks in the bottom 7% by size; a net margin of -221.2% ranks in the bottom 10%; revenue growth of -16.6% a year over the last 3 filed years ranks in the bottom 1% (its annual reports).

What it rests on

revenue against the family$4.7Mbottom 7% of its family
net margin-221.2%bottom 10% of its family
three-year revenue growth-16.6%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

1.4/10

What are the people in charge doing?

bottom 14% of 28 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 14th percentile among 28 sector filers · read for its shareholders

From the record

Wrap Technologies, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Cohen, Scot (Executive Chairman and CEO, as filed), filing under that title since 2024-01-18, 2.8 years (bottom 30% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 3.1 years (bottom 6%); 15 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge15 in three years among 9 peoplebottom 5% of its family
the median years the people in charge have filed3.1 yearsbottom 6% of its family
the chief executive's years on the record2.8 yearsbottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.3/10

How much room does it have to grow?

top 47% of 32 in its family for room to expand.

weight 45% of this tense · 53rd percentile among 32 sector filers · read for itself

From the record

Wrap Technologies, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3 million against no long-term debt tagged leaves 22.5% of its assets as net cash, top 16% of its family; cash from operations less capital spending is -222.4% of revenue (bottom 8%); a gross margin of 57.8% (top 8%); research spending of 1.2% of revenue (bottom 28%) (its annual report).

What it rests on

cash less debt against assets22.5%top 16% of its family
cash from operations less capital spending against revenue-222.4%bottom 8% of its family
gross margin57.8%top 8% of its family
research spending against revenue1.2%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

2.5/10

What could actually drive growth from here?

bottom 25% of 34 in its family for growth drivers.

weight 33% of this tense · 25th percentile among 34 sector filers · read for its customers

From the record

Wrap Technologies, Inc.'s growth drivers, from the filed years to fiscal 2025: the newest year grew 3.7% (bottom 49%); research spending grew -77.7% a year (bottom 3%); capital spending grew -26.9% a year (bottom 23%) (its annual reports). Wrap Technologies, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

the newest year's revenue growth3.7%bottom 49% of its family
three-year growth of research spending-77.7%bottom 3% of its family
three-year growth of capital spending-26.9%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

9.0/10

Did its newest year beat what its own record pointed to?

top 10% of 34 in its family for expectations against reality.

weight 22% of this tense · 90th percentile among 34 sector filers · read for its shareholders

From the record

Wrap Technologies, Inc.'s newest year against its own record: revenue of $5 million in fiscal 2025 came in 38.5% above the $3 million its prior three years' pace pointed to (top 1% of its family); net income of $10 million against a prior three-year average of $18 million (top 28%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 1%) (its annual reports).

What it rests on

revenue against the prior three years' pace38.5%top 1% of its family
net income against the prior three years' average+42%top 28% of its family
net margin against its prior average+59.4 pointstop 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WRAP · research, not advice