See more : Ciwen Media Co.,Ltd. (002343.SZ) Income Statement Analysis – Financial Results
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 |
Wrap Technologies, Inc. (WRAP) Q3 2023 Earnings Call Transcript
Wrap Technologies, Inc. (NASDAQ:WRAP ) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Kevin Mullins - Chief Executive Officer Chris DeAlmeida - Chief Financial Officer Unidentified Company Representative Good afternoon and welcome to the Wrap...
Giles Tipsword Joins Wrap Technologies as Senior Vice President of North American Sales
TEMPE, Ariz., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc.
Wrap Technologies Announces New Solution to Help Safeguard Cities
TEMPE, Ariz., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced the launch of its Protest Riot Pack (PRP) by popular demand...
Wrap Technologies, Inc. to Report Third Quarter 2023 Financial Results on Thursday, November 9, 2023 at 5:00 p.m. ET
TEMPE, Ariz., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will hold a conference call on Thursday, November 9, 2023 at 5:00 p.m.
Wrap Technologies Announces Appointment of New Directors to the Board
TEMPE, Ariz., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative safety technologies and services, today announced the appointment of Vice Admiral (ret.
Wrap Technologies Launches Nationwide “Don't Hurt Those Already Hurting” Campaign
TEMPE, Ariz., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced the launch of a new national campaign, “Don't Hurt Those Already...
Wrap Technologies Announces Sponsorship of Nationwide “Faith & Blue” Weekend, October 6-9, 2023
TEMPE, Ariz., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced its sponsorship of the National Faith & Blue Weekend (Faith &...
Wrap Technologies Announces International Expansion of BolaWrap 150® Remote Restraint Devices Across Italy
TEMPE, Ariz., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc.
Wednesday Wrap-Up: Rates Higher for (a Lot) Longer, Shaky IPOs, Oil Falls
The Federal Reserve's Open Market Committee (FOMC) left interest rates unchanged at the current funds rate of 5.25% to 5.50%.
Wrap Technologies Announces Deployment of BolaWrap 150® Remote Restraint Devices Across Cobb County, Georgia
TEMPE, Ariz., Sept. 15, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP), a visionary leader in advanced public safety solutions, today announced the adoption of BolaWrap 150® remote restraint devices by the Cobb County Sheriff's Office in Georgia. This...
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.