NASDAQ : WRAP
Wrap Technologies, Inc. — Financial statements
Technology · Scientific & Technical Instruments · United States
Last price 1.23 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 75.99M
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Financial statements
Wrap Technologies, Inc. (WRAP) reported revenue of 6.06M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 6.06M | 4.67M | 4.51M | 5.34M | 7.48M | 7.38M |
| Other Revenue | 796.00K | 568.00K | 348.00K | |||
| Revenue | 6.06M | 4.67M | 4.51M | 6.13M | 8.05M | 7.73M |
| Cost of Revenue | 2.21M | 1.97M | 2.04M | 3.23M | 4.32M | 4.99M |
| Gross Profit | 3.85M | 2.70M | 2.46M | 2.91M | 3.73M | 2.74M |
| Selling, General & Admin | 17.27M | 15.54M | 14.06M | 16.66M | 16.39M | 20.28M |
| Research & Development | -281.00K | 56.00K | 2.34M | 3.27M | 5.08M | 6.21M |
| Operating Expenses | 16.99M | 15.60M | 16.40M | 19.93M | 21.46M | 26.49M |
| Operating Income | -13.14M | -12.90M | -13.94M | -17.02M | -17.73M | -23.75M |
| Interest & Investment Income | 7.00K | 7.00K | 156.00K | 375.00K | 52.00K | 31.00K |
| Other Non Operating Income (Expenses) | -20.00K | 3.14M | 9.54M | -11.87M | 61.00K | 15.00K |
| EBT Excluding Unusual Items | -13.15M | -9.75M | -4.24M | -28.52M | -17.62M | -23.70M |
| Merger & Restructuring Charges | -747.00K | |||||
| Impairment of Goodwill | -1.63M | |||||
| Asset Writedown | -588.00K | -588.00K | -700.00K | |||
| Other Unusual Items | 227.00K | -1.00M | ||||
| Pretax Income | -13.51M | -10.34M | -5.88M | -30.22M | -17.62M | -24.45M |
| Net Income | -13.51M | -10.34M | -5.88M | -30.22M | -17.62M | -24.45M |
| Preferred Dividends & Other Adjustments | 986.00K | 903.00K | 1.22M | 392.00K | ||
| Net Income to Common | -14.50M | -11.24M | -7.09M | -30.61M | -17.62M | -24.45M |
| Shares Outstanding (Basic) | 53.11M | 50.39M | 45.62M | 42.32M | 41.17M | 39.28M |
| Shares Outstanding (Diluted) | 53.11M | 50.39M | 45.62M | 42.32M | 41.17M | 39.28M |
| EPS (Basic) | -0.27 | -0.22 | -0.16 | -0.72 | -0.43 | -0.62 |
| EPS (Diluted) | -0.27 | -0.22 | -0.16 | -0.72 | -0.43 | -0.62 |
| Free Cash Flow | -9.06M | -10.39M | -8.14M | -16.93M | -14.86M | -19.22M |
| Free Cash Flow Per Share | -0.17 | -0.21 | -0.18 | -0.40 | -0.36 | -0.49 |
| Gross Margin | 63.60% | 57.77% | 54.69% | 47.38% | 46.39% | 35.48% |
| Operating Margin | -216.94% | -276.05% | -309.21% | -277.55% | -220.28% | -307.26% |
| Profit Margin | -239.39% | -240.54% | -157.38% | -499.14% | -218.87% | -316.33% |
| Free Cash Flow Margin | -149.61% | -222.37% | -180.54% | -276.10% | -184.61% | -248.65% |
| EBITDA | -12.74M | -12.30M | -13.11M | -16.20M | -16.97M | -23.27M |
| EBITDA Margin | -210.32% | -263.34% | -290.86% | -264.13% | -210.81% | |
| D&A For EBITDA | 401.00K | 594.00K | 827.00K | 823.00K | 762.00K | 478.00K |
| EBIT | -13.14M | -12.90M | -13.94M | -17.02M | -17.73M | -23.75M |
| EBIT Margin | -216.94% | -276.05% | -277.55% | -220.28% | ||
| Revenue as Reported | 6.06M | 4.67M | 4.51M | 6.13M | 8.05M | 7.73M |
| Advertising Expenses | 384.00K | 575.00K | 925.00K | 426.00K | 145.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.78M | 3.47M | 3.61M | 3.96M | 5.33M | 4.94M |
| Short-Term Investments | 7.50M | 13.95M | 29.98M | |||
| Cash & Short-Term Investments | 4.78M | 3.47M | 3.61M | 11.46M | 19.28M | 34.92M |
| Receivables | 3.38M | 2.79M | 513.00K | 3.02M | 2.83M | 3.86M |
| Inventory | 4.31M | 4.97M | 6.17M | 5.79M | 3.98M | 1.57M |
| Prepaid Expenses | 729.00K | 194.00K | 178.00K | 953.00K | 775.00K | 868.00K |
| Total Current Assets | 13.20M | 11.42M | 10.47M | 21.23M | 26.86M | 41.21M |
| Property, Plant & Equipment | 515.00K | 2.30M | 2.11M | 2.77M | 1.04M | 1.03M |
| Goodwill | 1.61M | |||||
| Other Intangible Assets | 1.60M | 1.57M | 2.35M | 2.65M | 2.57M | 1.98M |
| Other Long-Term Assets | 25.00K | 128.00K | 186.00K | 251.00K | 100.00K | 9.00K |
| Total Assets | 15.34M | 15.42M | 15.12M | 28.50M | 30.57M | 44.23M |
| Accounts Payable | 764.00K | 620.00K | 609.00K | 1.11M | 1.42M | 1.78M |
| Accrued Expenses | 109.00K | 107.00K | 786.00K | 551.00K | 1.10M | 628.00K |
| Current Portion of Leases | 91.00K | 320.00K | 567.00K | 616.00K | 108.00K | 56.00K |
| Current Income Taxes Payable | 30.00K | 159.00K | 174.00K | 48.00K | 103.00K | 72.00K |
| Current Unearned Revenue | 476.00K | 470.00K | 493.00K | 1.41M | 166.00K | 198.00K |
| Other Current Liabilities | 171.00K | 141.00K | 10.57M | 19.80M | 260.00K | 124.00K |
| Total Current Liabilities | 1.64M | 1.82M | 13.20M | 23.53M | 3.16M | 2.86M |
| Long-Term Leases | 345.00K | 2.10M | 1.63M | 1.67M | 193.00K | |
| Long-Term Unearned Revenue | 7.00K | 14.00K | 39.00K | 137.00K | 167.00K | 110.00K |
| Total Liabilities | 1.99M | 3.93M | 14.87M | 25.34M | 3.52M | 2.97M |
| Common Stock | 5.00K | 5.00K | 5.00K | 4.00K | 4.00K | 4.00K |
| Additional Paid-In Capital | 136.87M | 127.80M | 105.33M | 101.15M | 94.33M | 91.03M |
| Retained Earnings | -123.53M | -116.32M | -105.08M | -97.99M | -67.38M | -49.76M |
| Comprehensive Income & Other | 94.00K | -6.00K | ||||
| Shareholders' Equity | 13.35M | 11.49M | 250.00K | 3.16M | 27.05M | 41.26M |
| Total Liabilities & Equity | 15.34M | 15.42M | 15.12M | 28.50M | 30.57M | 44.23M |
| Total Debt | 436.00K | 2.42M | 2.20M | 2.29M | 301.00K | 56.00K |
| Net Cash (Debt) | 4.34M | 1.05M | 1.41M | 9.17M | 18.98M | 34.86M |
| Net Cash Per Share | 0.08 | 0.02 | 0.03 | 0.22 | 0.46 | 0.89 |
| Filing Date Shares Outstanding | 56.00M | 55.50M | 50.49M | 45.86M | 41.26M | 40.94M |
| Total Common Shares Outstanding | 55.86M | 51.73M | 47.10M | 43.86M | 41.18M | 40.85M |
| Working Capital | 11.55M | 9.60M | -2.73M | -2.30M | 23.70M | 38.36M |
| Book Value Per Share | 0.24 | 0.22 | 0.01 | 0.07 | 0.66 | 1.01 |
| Tangible Book Value | 11.74M | 9.92M | -2.10M | -1.09M | 24.49M | 39.28M |
| Tangible Book Value Per Share | 0.21 | 0.19 | -0.04 | -0.02 | 0.59 | 0.96 |
| Machinery | 1.24M | 1.23M | 1.35M | 1.92M | 1.67M | 1.42M |
| Order Backlog | 209.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -13.51M | -10.34M | -5.88M | -30.22M | -17.62M | -24.45M |
| Depreciation & Amortization | 611.00K | 880.00K | 1.12M | 961.00K | 863.00K | 566.00K |
| Loss (Gain) From Sale of Assets | 10.00K | 10.00K | -27.00K | |||
| Asset Writedown & Restructuring Costs | 588.00K | 588.00K | 1.63M | 700.00K | 917.00K | |
| Stock-Based Compensation | 5.04M | 4.08M | 2.43M | 1.99M | 3.23M | 5.59M |
| Provision & Write-off of Bad Debts | 133.00K | 117.00K | 66.00K | 593.00K | 72.00K | 123.00K |
| Other Operating Activities | -313.00K | -3.66M | -9.47M | 12.61M | 210.00K | -13.00K |
| Change in Accounts Receivable | -2.60M | -2.39M | 2.45M | -696.00K | 957.00K | -2.11M |
| Change in Inventory | 1.67M | 1.16M | -391.00K | -2.22M | -2.41M | 559.00K |
| Change in Accounts Payable | 189.00K | 11.00K | -441.00K | -617.00K | -360.00K | 546.00K |
| Change in Unearned Revenue | 131.00K | -48.00K | -1.01M | 1.21M | 25.00K | 290.00K |
| Change in Other Net Operating Assets | -907.00K | -701.00K | 1.37M | -1.00M | 432.00K | -219.00K |
| Operating Cash Flow | -8.96M | -10.29M | -8.12M | -16.70M | -14.60M | -18.22M |
| Capital Expenditures | -103.00K | -100.00K | -12.00K | -230.00K | -256.00K | -995.00K |
| Cash Acquisitions | -20.00K | -554.00K | ||||
| Sale (Purchase) of Intangibles | -239.00K | -287.00K | -156.00K | -393.00K | -873.00K | -937.00K |
| Investment in Securities | 7.50M | 6.36M | 16.13M | -5.01M | ||
| Other Investing Activities | -92.00K | 4.00K | ||||
| Investing Cash Flow | -342.00K | -387.00K | 7.31M | 5.18M | 14.91M | -6.94M |
| Long-Term Debt Repaid | -275.00K | |||||
| Total Debt Repaid | -275.00K | |||||
| Net Debt Issued (Repaid) | -275.00K | |||||
| Issuance of Common Stock | 5.34M | 245.00K | 588.00K | 208.00K | 83.00K | 13.72M |
| Preferred Dividends Paid | -120.00K | |||||
| Common Dividends Paid | -58.00K | |||||
| Dividends Paid | -120.00K | -58.00K | ||||
| Other Financing Activities | 60.00K | 5.79M | 10.00M | |||
| Financing Cash Flow | 9.90M | 10.53M | 468.00K | 10.15M | 83.00K | 13.45M |
| Net Cash Flow | 604.00K | -142.00K | -345.00K | -1.38M | 393.00K | -11.71M |
| Free Cash Flow | -9.06M | -10.39M | -8.14M | -16.93M | -14.86M | -19.22M |
| Free Cash Flow Margin | -149.61% | -222.37% | -180.54% | -276.10% | -184.61% | -248.65% |
| Free Cash Flow Per Share | -0.17 | -0.21 | -0.18 | -0.40 | -0.36 | -0.49 |
| Levered Free Cash Flow | -4.40M | -15.72M | -12.69M | 9.36M | -9.16M | -11.07M |
| Unlevered Free Cash Flow | -4.40M | -15.72M | -12.69M | 9.36M | -9.16M | -11.07M |
| Change in Working Capital | -1.52M | -1.97M | 1.97M | -3.33M | -1.36M | -935.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 75.99M | 122.69M | 97.27M | 137.06M | 69.50M | 160.23M |
| Enterprise Value | 71.64M | 119.21M | 94.59M | 124.39M | 46.13M | 120.45M |
| Last Close Price | 1.22 | 2.38 | 2.12 | 3.10 | 1.69 | 3.93 |
| PS Ratio | 12.44 | 26.26 | 21.58 | 22.35 | 8.63 | 20.73 |
| PB Ratio | 5.11 | 10.68 | 389.09 | 43.33 | 2.57 | 3.88 |
| P/TBV Ratio | 6.42 | 12.37 | 2.84 | 4.08 | ||
| EV/Sales Ratio | 11.73 | 25.52 | 20.99 | 20.28 | 5.73 | 15.58 |
| Debt / Equity Ratio | 0.03 | 0.21 | 8.78 | 0.72 | 0.01 | 0.00 |
| Net Debt / Equity Ratio | -0.33 | -0.09 | -5.66 | -2.90 | -0.70 | -0.84 |
| Net Debt / EBITDA Ratio | 0.34 | 0.09 | 0.11 | 0.57 | 1.12 | 1.50 |
| Net Debt / FCF Ratio | 0.48 | 0.10 | 0.17 | 0.54 | 1.28 | 1.81 |
| Asset Turnover | 0.39 | 0.31 | 0.21 | 0.21 | 0.21 | 0.17 |
| Inventory Turnover | 0.43 | 0.35 | 0.34 | 0.66 | 1.56 | 2.36 |
| Quick Ratio | 4.97 | 3.44 | 0.31 | 0.61 | 7.00 | 13.57 |
| Current Ratio | 8.04 | 6.29 | 0.79 | 0.90 | 8.51 | 14.43 |
| Return on Equity (ROE) | -107.65% | -176.06% | -344.27% | -200.01% | -51.57% | -55.77% |
| Return on Assets (ROA) | -53.07% | -52.79% | -39.93% | -36.02% | -29.63% | -31.90% |
| Return on Capital Employed (ROCE) | -95.90% | -94.80% | -726.60% | -342.40% | -64.70% | -57.40% |
| Earnings Yield | -22.20% | -8.42% | -6.04% | -22.05% | -25.35% | -15.26% |
| FCF Yield | -12.02% | -8.47% | -8.37% | -12.35% | -21.38% | -11.99% |
| Buyback Yield / Dilution | -10.39% | -10.46% | -7.79% | -2.79% | -4.82% | -16.06% |