Every 10-Q that Wrap Technologies, Inc. (WRAP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WRAP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WRAP filings page.
Wrap Technologies, Inc. reported sharply higher sales but continued losses for the quarter and six months ended June 30, 2026. Quarterly revenue rose to $2.1 million from $1.0 million a year earlier, driven by stronger BolaWrap 150 device and cassette shipments, while technology-enabled services declined as legacy managed-service contracts wound down. Gross margin improved to 75.3%, but operating expenses of $3.8 million kept the company in a loss position.
Net loss was $2.3 million for the quarter and $6.8 million year-to-date, with results heavily affected by non-cash share-based compensation and the absence of prior-year warrant valuation gains. Liquidity improved: cash reached $4.8 million and working capital $11.6 million, supported by a $5.0 million February 2026 private placement. The business is highly concentrated, with one distributor contributing 74% of Q2 revenue and 76% of receivables. Subsequent to quarter-end, the company invested $2.0 million in Frenel Imaging, secured an exclusive imaging-technology license for its WrapShield platform, and received an ATF ruling confirming the BolaWrap 150 is classified as an instrument of restraint rather than a firearm.
Wrap Technologies, Inc. reported higher revenue but a larger loss for the quarter ended March 31, 2026. Revenue rose to $1.1 million from $765 thousand, driven by product sales of BolaWrap devices and cassettes, while technology-enabled services revenue declined.
Gross profit increased modestly to $691 thousand, but gross margin fell to 62.2% as hardware made up more of sales. Operating expenses grew to $5.5 million, largely from higher share-based compensation, leading to a loss from operations of $4.8 million and a net loss of $4.5 million, versus net income of $109 thousand a year earlier when a large non-cash warrant valuation gain was recorded.
Cash and cash equivalents increased to $7.3 million, helped by $5.0 million of proceeds from a February 2026 private placement and $100 thousand from warrant exercises. Working capital improved to $12.6 million, and management believes existing resources are sufficient for at least the next twelve months, though the Company expects to continue incurring operating losses while scaling its non-lethal public safety solutions.
Wrap Technologies reported Q3 2025 results. Net revenues were $1.491 million, with gross profit of $0.883 million. Operating loss narrowed to $2.761 million, and net loss was $2.773 million (loss attributable to common stockholders $2.937 million, or $0.06 per share). The quarter included $0.531 million of sales returns and allowances.
Cash and cash equivalents were $5.965 million at quarter end. Year‑to‑date operating cash use totaled $7.624 million. Stockholders’ equity increased to $14.126 million, aided by a $12.151 million reclassification of warrant liabilities to equity and capital raises. The company completed a February private placement of 3,216,666 common shares and warrants and, in August, issued $4.5 million of Series B Preferred Stock with associated warrants, with convertibility and exercisability tied to stockholder approval. One customer represented 93% of Q3 revenue; EMEA drove most sales in the period.
Wrap Technologies, Inc. reported mixed interim results showing product and service revenue declines and continued operating losses while maintaining capital raises and complex equity instruments. Total revenues for the three months ended June 30, 2025 were $1,012 thousand, down from $1,573 thousand a year earlier (a 36% decrease). For the six months the Company recorded $1,778 thousand versus $3,049 thousand a year earlier (a 42% decrease). Selling, general and administrative expenses fell to $2,986 thousand for the quarter from $3,475 thousand last year, a 14% reduction, and to $7,128 thousand for six months from $7,695 thousand, a 7% decline, showing expense control despite lower sales. The company recorded a net loss of $(3,618) thousand for the period presented. Wrap sells the BolaWrap remote restraint device and provides VR training and body-worn camera/digital evidence solutions through subsidiaries. Capital activity includes a Series A financing and a PIPE raising aggregate gross proceeds (Series A offering $10,000 allocated between preferred and warrants; PIPE gross proceeds $5,790 with $5,185 allocated to PIPE warrants). The Company disclosed concentrated customer exposure (three customers ~65% of revenue) and continuing warrant, preferred stock and lease obligations that affect liquidity and equity dilution.