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

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Product Sales Common Size

Managed Services

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Other Revenue

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Technology Enabled Services

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Technology Enabled Services Common Size

Total Revenues, Gross

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Total Revenues, Net

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Products and Services

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Product Line Exit Expense

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Total Cost of Revenues

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Gross Profit

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Selling, General and Administrative

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Research and Development

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Total Operating Expenses

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Loss from Operations

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Interest Income

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Interest Expense

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Debt Forgiveness Income

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Change in Fair Value of Warranty Liabilities

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Other

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Total Other Income / (Expense), Net

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Net Income

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Net Loss

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Less: Convertible Preferred Stock Dividends

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Net Loss Attributable to Common Stockholders

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Net Loss per Basic and Diluted Share of Common Stock

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

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Total Revenues

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Cost of Sales

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Cost of Sales Common Size

Gross Profit Margin

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Selling, General & Administrative Expenses

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Research & Development Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Consolidated Net Income

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Net Income Attributable to Preferred Dividends

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Net Income Attributable to Common Shareholders

Revenue

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CapEx

Net Interest Income

Assets

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Net Revenue

Average Assets

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Revenues	1.8	-1.6	3	4.2	1.9	5.3
Total Revenues %Chg	-41.7%	-137.7%	59.4%	-20.2%	-30.8%	24.3%
Product Sales
Managed Services
Other Revenue
Technology Enabled Services
Total Revenues, Gross
Cost of Sales	0.7	0.8	1.2	2.3	0.9	2.7
Cost of Revenues
Products and Services
Restructuring Inventory Charge
Product Line Exit Expense
Gross Profit	1.1	-2.4	1.8	1.9	1	2.6
Gross Profit Margin	60.9%	151.1%	59.7%	44.7%	53.3%	49.4%
Selling, General & Administrative Expenses	7.3	8	7.7	10.1	8.3	8
Selling, General and Administrative
Research & Development Expenses	0.6	0.9	1.4	1.2	2.1	2.1
Research and Development
Operating Profit	-6.8	-11.3	-7.3	-9.4	-9.3	-7.5
Operating Margin	-381.2%	710.7%	-239.7%	-222.3%	-488.2%	-142.2%
Interest and Investment Income	0	0	0.1	0.1	0.3	0.1
Interest Income
Interest Expense	—	—	—	—	—	—
Interest Expense
Non-Operating Income	3.2	2.6	6.9	-11.9	-0	0.1
Debt Forgiveness Income
Change in Fair Value of Warranty Liabilities
Other
Total Non-Operating Income	3.2	2.7	7	-11.8	0.3	0.1
Income Before Provision for Income Taxes	-3.6	-8.7	-0.3	-21.2	-9	-7.4
Consolidated Net Income	-3.6	-5.6	-0.3	-21.2	-9	-7.4
Net Income
Net Income Attributable to Preferred Dividends	0.3	0.5	0.7	0.4	—	—
Less: Convertible Preferred Stock Dividends
Net Income Attributable to Common Shareholders	-3.9	-6.1	-1	-21.6	-9	-17.6
Net Loss Attributable to Common Stockholders
Basic EPS	-0.1	-0.1	-0	-0.5	-0.2	-0.2
Diluted EPS	-0.1	-0.1	-0	-0.5	-0.2	-0.2
Basic Weighted Average Shares Outstanding	49.4	46.8	44.5	43.2	41.5	41.4
Total Shares Outstanding	50.7	47.1	45.8	43.9	41.9	41.2
Diluted Weighted Average Shares Outstanding	49.4	46.8	44.5	43.2	41.5	41.4
EBITDA	-6.5	-10.9	-6.9	-9	-8.9	-7.1