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.

Wrap Technologies, Inc.

Product Sales

Product Sales %Chg

Product Sales Common Size

Other Revenue

Other Revenue %Chg

Other Revenue Common Size

Total Revenues, Net

Total Revenues, Net %Chg

Total Revenues, Net Common Size

Products and Services

Products and Services %Chg

Products and Services Common Size

Product Line Exit Expense

Product Line Exit Expense %Chg

Product Line Exit Expense Common Size

Total Cost of Revenues

Total Cost of Revenues %Chg

Total Cost of Revenues Common Size

Cost of Revenues

Cost of Revenues %Chg

Cost of Revenues Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Selling, General and Administrative

Selling, General and Administrative %Chg

Selling, General and Administrative Common Size

Research and Development

Research and Development %Chg

Research and Development Common Size

Total Operating Expenses

Total Operating Expenses %Chg

Total Operating Expenses Common Size

Loss from Operations

Loss from Operations %Chg

Loss from Operations Common Size

Interest Income

Interest Income %Chg

Interest Income Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Debt Forgiveness Income

Debt Forgiveness Income %Chg

Debt Forgiveness Income Common Size

Change in Fair Value of Warranty Liabilities

Change in Fair Value of Warranty Liabilities %Chg

Change in Fair Value of Warranty Liabilities Common Size

Other

Other %Chg

Other Common Size

Total Other Income / (Expense), Net

Total Other Income / (Expense), Net %Chg

Total Other Income / (Expense), Net Common Size

Net Income

Net Income %Chg

Net Income Common Size

Less: Convertible Preferred Stock Dividends

Less: Convertible Preferred Stock Dividends %Chg

Less: Convertible Preferred Stock Dividends Common Size

Net Loss Attributable to Common Stockholders

Net Loss Attributable to Common Stockholders %Chg

Net Loss Attributable to Common Stockholders Common Size

Net Loss per Basic and Diluted Share of Common Stock

Net Loss per Basic and Diluted Share of Common Stock %Chg

Net Loss per Basic and Diluted Share of Common Stock Common Size

Weighted Average Common Shares Used to Compute Net Loss per Basic and Diluted Shares of Common Stock

Weighted Average Common Shares Used to Compute Net Loss per Basic and Diluted Shares of Common Stock %Chg

Weighted Average Common Shares Used to Compute Net Loss per Basic and Diluted Shares of Common Stock Common Size

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Research & Development Expenses

Research & Development Expenses %Chg

Research & Development Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest and Investment Income

Interest and Investment Income %Chg

Interest and Investment Income Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Total Non-Operating Income

Total Non-Operating Income %Chg

Total Non-Operating Income Common Size

Income Before Provision for Income Taxes

Income Before Provision for Income Taxes %Chg

Income Before Provision for Income Taxes Common Size

Consolidated Net Income

Consolidated Net Income %Chg

Consolidated Net Income Common Size

Net Income Attributable to Preferred Dividends

Net Income Attributable to Preferred Dividends %Chg

Net Income Attributable to Preferred Dividends Common Size

Net Income Attributable to Common Shareholders

Net Income Attributable to Common Shareholders %Chg

Net Income Attributable to Common Shareholders Common Size

Basic EPS

Basic EPS %Chg

Basic EPS Common Size

Diluted EPS

Diluted EPS %Chg

Diluted EPS Common Size

Basic Weighted Average Shares Outstanding

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21
Total Revenues	2.9	4.5	6.1	8	7.7
Total Revenues %Chg	-16.8%	-26.5%	-23.8%	4.1%	96%
Product Sales
Other Revenue
Cost of Sales	1.8	2	3.2	4.3	5.7
Cost of Revenues
Products and Services
Product Line Exit Expense
Gross Profit	1.1	2.5	2.9	3.7	2
Gross Profit Margin	38.8%	54.7%	47.4%	46.4%	25.8%
Selling, General & Administrative Expenses	15.5	15.7	18.4	16.4	20.3
Selling, General and Administrative
Research & Development Expenses	1.1	2.3	3.3	5.1	6.2
Research and Development
Operating Profit	-15.4	-15.6	-18.7	-17.7	-24.5
Operating Margin	-537.5%	-345.4%	-305.3%	-220.3%	-316.9%
Interest and Investment Income	0	0.2	0.4	0.1	0
Interest Income
Interest Expense	—	—	—	—	—
Interest Expense
Non-Operating Income	0.2	9.5	-11.9	0.1	0
Debt Forgiveness Income
Change in Fair Value of Warranty Liabilities
Other
Total Non-Operating Income	0.2	9.7	-11.5	0.1	0
Income Before Provision for Income Taxes	-15.3	-5.9	-30.2	-17.6	-24.4
Consolidated Net Income	-15.3	-5.9	-30.2	-17.6	-24.4
Net Income
Net Income Attributable to Preferred Dividends	0.7	1.2	0.4	—	—
Less: Convertible Preferred Stock Dividends
Net Income Attributable to Common Shareholders	-14.7	-7.1	-30.6	-17.6	-24.4
Net Loss Attributable to Common Stockholders
Basic EPS	-0.3	-0.2	-0.7	-0.4	-0.6
Diluted EPS	-0.3	-0.2	-0.7	-0.4	-0.6
Basic Weighted Average Shares Outstanding	49.3	45.6	42.3	41.2	39.3
Total Shares Outstanding	51.5	47.1	43.9	41.2	40.9
Diluted Weighted Average Shares Outstanding	49.3	45.6	42.3	41.2	39.3
EBITDA	-14.8	-14.7	-17.9	-17	-24