WRAP TECHNOLOGIES, INC. Income Statement
WRAP|8 years of annual SEC 10-K data (FY2018-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 8 fiscal years. All figures from audited SEC 10-K filings.
WRAP TECHNOLOGIES, INC. reported $5M in revenue and $6M in net loss for FY2025. Revenue has grown at a 140.7% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -2.39 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5M | $6.1M | $8.0M | $7.7M | $3.9M | $696.8K | $23.1K | $0 |
| Cost of Revenue | $2.0M | $3.2M | $4.3M | $5.0M | $2.6M | $420.0K | $18.6K | $0 |
| Gross Profit | $2.5M | $2.9M | $3.7M | $2.0M | $1.3M | $276.8K | $4.5K | $0 |
| SG&A Expense | $15.7M | $18.4M | $16.4M | $20.3M | $11.6M | $6.7M | $2.6M | $522.2K |
| R&D Expense | $2.3M | $3.3M | $5.1M | $6.2M | $2.8M | $2.2M | $734.8K | $311.3K |
| Operating Income | -$15.6M | -$18.7M | -$17.7M | -$24.5M | -$13.1M | -$8.6M | -$3.3M | -$833.5K |
| Interest Expense | - | - | - | - | $2.0K | $288.2K | $1.3K | $0 |
| Income Tax | $0 | - | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$5.9M | -$30.2M | -$17.6M | -$24.4M | -$12.6M | -$8.3M | -$3.3M | -$833.5K |
| EPS (Basic) | -$0.16 | -$0.72 | -$0.43 | -$0.62 | - | - | - | -$0.04 |
| EPS (Diluted) | -$0.16 | -$0.72 | - | - | -$0.37 | -$0.29 | -$0.14 | - |
| Shares Outstanding | 47.1M | 43.9M | 41.2M | 40.9M | 37.6M | 29.8M | 27.4M | 22.8M |
| Gross Margin | 54.7% | 47.4% | 46.4% | 25.8% | 34.1% | 39.7% | 19.6% | - |
| Operating Margin | -345.4% | -305.3% | -220.3% | -316.9% | -331.6% | -1236.2% | -14417.4% | - |
| Profit Margin | -130.4% | -492.7% | -218.9% | -316.3% | -319.0% | -1194.8% | -14412.3% | - |