Complete financial analysis of Wrap Technologies, Inc. (WRAP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Wrap Technologies, Inc., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Wrap Technologies, Inc. (WRAP)
About Wrap Technologies, Inc.
Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company develops BolaWrap 150, a hand-held remote restraint device that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2016 and is based in Tempe, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.13M | 8.05M | 7.73M | 3.94M | 696.79K | 23.15K | 0.00 | 0.00 |
| Cost of Revenue | 3.23M | 4.32M | 5.73M | 2.60M | 420.02K | 18.61K | 6.66K | 0.00 |
| Gross Profit | 2.91M | 3.73M | 2.00M | 1.34M | 276.77K | 4.54K | -6.66K | 0.00 |
| Gross Profit Ratio | 47.38% | 46.39% | 25.81% | 34.05% | 39.72% | 19.61% | 0.00% | 0.00% |
| Research & Development | 3.27M | 5.08M | 6.21M | 2.79M | 2.24M | 734.78K | 311.34K | 260.69K |
| General & Administrative | 17.21M | 15.27M | 19.21M | 10.60M | 6.06M | 2.39M | 451.87K | 20.03K |
| Selling & Marketing | 1.15M | 1.11M | 1.07M | 1.03M | 598.29K | 219.70K | 70.35K | 500.00 |
| SG&A | 18.36M | 16.39M | 20.28M | 11.63M | 6.65M | 2.61M | 522.21K | 20.53K |
| Other Expenses | 0.00 | 224.00K | 15.00K | 414.00K | -3.31K | -409.00 | 0.00 | 0.00 |
| Operating Expenses | 21.63M | 21.46M | 26.49M | 14.42M | 8.89M | 3.34M | 833.55K | 281.23K |
| Cost & Expenses | 24.86M | 25.78M | 32.22M | 17.02M | 9.31M | 3.36M | 833.55K | 281.23K |
| Interest Income | 375.00K | 52.00K | 31.00K | 83.00K | 291.49K | 2.91K | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.30K | 0.00 | 0.00 |
| Depreciation & Amortization | 823.00K | 863.00K | 567.00K | 285.11K | 127.01K | 21.88K | 6.66K | 1.57K |
| EBITDA | -17.90M | -16.97M | -23.88M | -12.91M | -8.57M | -3.31M | -826.88K | -279.65K |
| EBITDA Ratio | -291.85% | -210.81% | -311.14% | -327.43% | -1,188.10% | -14,312.12% | 0.00% | 0.00% |
| Operating Income | -18.72M | -17.73M | -24.50M | -13.08M | -8.61M | -3.34M | -833.55K | -281.23K |
| Operating Income Ratio | -305.27% | -220.28% | -316.92% | -331.57% | -1,236.19% | -14,417.43% | 0.00% | 0.00% |
| Total Other Income/Expenses | -11.50M | 113.00K | 46.00K | 497.00K | 288.19K | 1.20K | 0.00 | 0.00 |
| Income Before Tax | -30.22M | -17.51M | -24.45M | -12.58M | -8.33M | -3.34M | -833.55K | -281.23K |
| Income Before Tax Ratio | -492.74% | -217.49% | -316.33% | -318.97% | -1,194.83% | -14,412.25% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -224.00K | -31.00K | -83.00K | -3.31K | 895.00 | -5.00 | 0.00 |
| Net Income | -30.22M | -17.28M | -24.42M | -12.50M | -8.32M | -3.34M | -833.55K | -281.23K |
| Net Income Ratio | -492.74% | -214.71% | -315.93% | -316.86% | -1,194.36% | -14,412.25% | 0.00% | 0.00% |
| EPS | -0.72 | -0.42 | -0.62 | -0.37 | -0.29 | -0.14 | -0.04 | -0.04 |
| EPS Diluted | -0.72 | -0.42 | -0.62 | -0.37 | -0.29 | -0.14 | -0.04 | -0.04 |
| Weighted Avg Shares Out | 42.32M | 41.17M | 39.28M | 33.85M | 28.65M | 23.58M | 22.80M | 7.47M |
| Weighted Avg Shares Out (Dil) | 42.32M | 41.17M | 39.28M | 33.85M | 28.65M | 23.58M | 22.80M | 7.47M |
UPDATE – Wrap Technologies Launches Go-Forward Strategy, Advancing End-to-End Public Safety and Defense Solutions with New Virginia Facility
WISE, Va., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in public safety solutions, announced today the relocation of its manufacturing and distribution facility to Virginia, citing Virginia's strategic location...
NOTICE TO DISREGARD -- Wrap Technologies, Inc.
WISE, Va., Nov. 22, 2024 (GLOBE NEWSWIRE) -- We are advised by Wrap Technologies, Inc. that journalists and other readers should disregard the news release, “Wrap Technologies Unveils Go-Forward Strategy, Pioneering End-to-End Public Safety and Defense Solutions with New Virginia...
Wrap Technologies Unveils Go-Forward Strategy, Pioneering End-to-End Public Safety and Defense Solutions with New Virginia Facility
Comprehensive Offering Plans to Integrate AI, VR, Body Cameras, and Drone Technology Comprehensive Offering Plans to Integrate AI, VR, Body Cameras, and Drone Technology
22% Year-Over-Year Operating Expense Reduction Positions Wrap Technologies for Growth and Profitability in 2025
Major Advances in Financial Controls and Cost Management Pave the Way for Sustainable Operations and Market Leadership Major Advances in Financial Controls and Cost Management Pave the Way for Sustainable Operations and Market Leadership
What a Big Dill – Casey's Launches All-New Pickle Wrap Pizza
ANKENY, Iowa--(BUSINESS WIRE)--Just in time for National Pickle Day, Casey's (NASDAQ: CASY) is introducing the all-new Pickle Wrap Pizza – a twist on a classic Midwest appetizer, now re-imagined as a pizza. Available at select locations in Minnesota and Iowa,...
Weekly Wrap: NDX Rallies, TSLA Surges, BA Strike Continues, MCD E. Coli Outbreak
Markets finish the week mixed but the Nasdaq-100 (NDX) continues its winning streak with 7 consecutive weeks of positive gains. Tesla (TSLA) among the top performers following a huge 22% surge after earnings.
Wrap Technologies, Inc. Regains Nasdaq Listing Requirements Compliance
TEMPE, Ariz., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (the “Company”), a global leader in innovative public safety solutions, announced today that it received written notice from the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company...
San Francisco Police Department to Deploy BolaWrap as a Means for De-escalation
TEMPE, Ariz., July 18, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”) is pleased to announce a transformative pilot with the San Francisco Police Department (“SFPD”). A recent San Francisco Police Commission meeting revealed that...
World Markets Watchlist: 2024 First Half Wrap-Up
Our global markets watchlist tracks eight prominent indexes from economies around the world.
Wrap Technologies, Inc. Issues Letter to Shareholders
TEMPE, Ariz., June 21, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (“Wrap” or the “Company”), a global leader in de-escalation, issues a letter to shareholders from Founder and CEO, Scot Cohen.
Source: https://incomestatements.info
Category: Stock Reports
How has Wrap Technologies’ cash flow improved?
Major Cash Flow Improvements: Net cash used in operations dropped dramatically by $6.0 million during the nine months ended September 30, 2024, down to $6.9 million compared to $12.9 million in the same period in 2023, showcasing disciplined cash management.
What are Wrap Technologies’ revenue trends?
Wrap Technologies had revenue of $593.00K in the quarter ending September 30, 2024, a decrease of -83.67%. This brings the company’s revenue in the last twelve months to $4.23M, down -53.65% year-over-year. In the year 2023, Wrap Technologies had annual revenue of $6.13M, down -23.80%.
What are the key cost reductions achieved by Wrap Technologies?
Key Highlights: Significant Cost Reductions: Operating expenses slashed by 22% year-over-year, falling to $3.9 million from $4.9 million in Q3 2023, reflecting efficiency gains.