See more : Norse Atlantic ASA (NRSAF) 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.
You may be interested
- Allis Electric Co.,Ltd. (1514.TW) Income Statement Analysis – Financial Results
- Jianpu Technology Inc. (ADRs) (US47738D3098.SG) Income Statement Analysis – Financial Results
- HMS Networks AB (publ) (0RPZ.L) Income Statement Analysis – Financial Results
- Transocean Ltd. (RIG) Income Statement Analysis – Financial Results
- Marksans Pharma Limited (MARKSANS.BO) Income Statement Analysis – Financial Results
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. Reports First Quarter 2023 Results
Company Introduces Streamlined Operating Model with Bolstered Distribution and Sales Capabilities to Accelerate Path to Profitable Growth Continued Focused on Cost Reduction Led to 30% Decrease in Operating Expense in Q1 with Further Cost Reduction Impacts Expected Over the Course...
Wrap Technologies, Inc. Reports First Quarter 2023 Results
Company Introduces Streamlined Operating Model with Bolstered Distribution and Sales Capabilities to Accelerate Path to Profitable Growth
Wrap Technologies Announces Sponsorship of the Professional
TEMPE, Ariz., May 03, 2023 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced that the Company is sponsoring a major networking event during the...
Wrap Technologies Announces Sponsorship of the Professional Networking Symposium Event at the Professionalizing Law Enforcement Community Engagement Training (PLECET) National Conference
CEO Kevin Mullins to Speak, and Company to Provide Demonstrations of BolaWrap 150 and WRAP Reality at May Event Hosting Law Enforcement Representatives from All 50 States CEO Kevin Mullins to Speak, and Company to Provide Demonstrations of BolaWrap 150...
Wrap Technologies, Inc. to Report First Quarter 2023 Financial Results on Wednesday, May 10, 2023 at 5:00 p.m. ET
TEMPE, Ariz., April 26, 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 video webcast on Wednesday, May 10, 2023 at 5:00 p.m....
Wrap Technologies Announces CEO Change and Preliminary
Outlines Meaningful Cost Reductions to Support Greater Efficiency Without Inhibiting the Company’s Ability to Monetize Its Robust Sales Pipeline Will Lean Into Bolstered Distribution and Sales Capabilities to Accelerate Path to Profitable Growth TEMPE, Ariz., April 17, 2023 (GLOBE NEWSWIRE)...
Wrap Technologies Announces CEO Change and Preliminary Estimated Financial Results for Q1 2023
Outlines Meaningful Cost Reductions to Support Greater Efficiency Without Inhibiting the Company's Ability to Monetize Its Robust Sales Pipeline
Wrap® to Host Investor Insights Webcast on March 23, 2023
TEMPE, Ariz., March 17, 2023 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will host a third edition of its Investor Insights webcast on March 23,...
Wrap® to Host Investor Insights Webcast on March 23, 2023
TEMPE, Ariz., March 17, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc . (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will host a third edition of its Investor Insights webcast on March...
Wrap Technologies, Inc. (WRAP) Q4 2022 Earnings Call Transcript
Wrap Technologies, Inc. (NASDAQ:WRAP ) Q4 2022 Earnings Conference Call March 1, 2023 5:00 PM ET Company Participants Christopher DeAlmeida - CFO TJ Kennedy - CEO & Director Kevin Mullins - President Conference Call Participants Gregory Gibas - Northland Capital...
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.