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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. Announces $10 Million Offering
TEMPE, Ariz., June 30, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solutions, announced today that it has executed a securities purchase agreement with certain directors of the Company...
Wrap Reality Exceeds 2022's Total Sales in Just Six Months, Revolutionizing Immersive Learning Experiences for Law Enforcement
TEMPE, Ariz., June 27, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP), a global pioneer in innovative public safety solutions, today announced that year-to-date sales in 2023 for Wrap Reality, the Company's advanced virtual reality training system, have surpassed...
Wrap Technologies Builds Momentum as US Law Enforcement
TEMPE, Ariz., June 15, 2023 (GLOBE NEWSWIRE) — Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solutions, announced today the addition of multiple new agency customers, driving further demand for its proprietary BolaWrap®...
Wrap Technologies Builds Momentum as US Law Enforcement Agencies Embrace Innovative BolaWrap® Restraint Solution
TEMPE, Ariz., June 15, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solutions, announced today the addition of multiple new agency customers, driving further demand for its proprietary BolaWrap®...
Wrap Technologies Launches Strategic Initiative to Enhance Campus Safety with BolaWrap® Amid Rising Mental Health Concerns; Showcasing at IACLEA Conference
TEMPE, Ariz., June 07, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solutions, today announced its strategic initiative to introduce the BolaWrap® solution to educational institutions across the United...
Wrap Technologies to Showcase Its BolaWrap® Solution at the
TEMPE, Ariz., June 01, 2023 (GLOBE NEWSWIRE) — Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solution, today announced its participation in the Public Risk Management Association (PRIMA) Conference, taking place in Long...
Wrap Technologies to Showcase Its BolaWrap® Solution at the Public Risk Management Association (PRIMA) Conference
TEMPE, Ariz., June 01, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solution, today announced its participation in the Public Risk Management Association (PRIMA) Conference, taking place in Long...
Wrap Technologies to Showcase Its Pioneering Virtual Reality Training Platform, Wrap Reality™, at the International Counterterrorism Conference
TEMPE, Ariz., May 30, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety technologies and services, today announced its participation in the upcoming International Counterterrorism Conference, taking place in Las...
Wrap Technologies, Inc. Welcomes Kevin Mullins as New CEO –
TEMPE, Ariz., May 26, 2023 (GLOBE NEWSWIRE) — Wrap Technologies (Nasdaq: WRAP), a global pioneer in public safety solutions, proudly announced the appointment of Kevin Mullins as Chief Executive Officer in April. That day Kevin Mullins highlighted the strategic measures...
Wrap Technologies, Inc. Welcomes Kevin Mullins as New CEO – Spearheading Next-generation Public Safety Solutions for a Rapidly Evolving World
TEMPE, Ariz., May 26, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP), a global pioneer in public safety solutions, proudly announced the appointment of Kevin Mullins as Chief Executive Officer in April. That day Kevin Mullins highlighted the strategic measures...
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