Wrap Technologies, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1M | $1.1M | $1.4M | $1.5M | $1.0M | $765.0K | $865.0K | $593.0K |
| Cost of Revenue | $507.0K | $420.0K | $670.0K | $608.0K | $525.0K | $170.0K | $455.0K | $358.0K |
| Gross Profit | $1.5M | $691.0K | $734.0K | $883.0K | $487.0K | $595.0K | $410.0K | $235.0K |
| Gross Margin | 75.3% | 62.2% | 52.3% | 59.2% | 48.1% | 77.8% | 47.4% | 39.6% |
| Operating Expenses | ||||||||
| Research & Development | $152.0K | $105.0K | $-651.0K | $167.0K | $162.0K | $378.0K | $383.0K | $527.0K |
| SG&A Expense | $3.6M | $5.4M | $5.3M | $3.5M | $3.2M | $4.1M | $4.7M | $3.3M |
| Operating Income | $-2.3M | $-4.8M | $-3.9M | $-2.8M | $-2.9M | $-3.9M | $-4.6M | $-3.6M |
| Operating Margin | -109.7% | -429.3% | -281.1% | -185.2% | -282.2% | -512.7% | -535.5% | -611.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $-2.3M | $-4.5M | $-3.9M | $-2.8M | $-3.7M | $109.0K | $-7.6M | $2.0M |
| Net Margin | -110.0% | -408.6% | -280.9% | -186.0% | -368.3% | 14.2% | -878.3% | 335.6% |
| EPS (Basic) | $-0.04 | $-0.09 | $-0.09 | $-0.06 | $-0.07 | $0.00 | $-0.18 | $0.04 |
| EPS (Diluted) | $-0.04 | $-0.09 | $-0.09 | $-0.06 | $-0.07 | $0.00 | — | $0.04 |
| Shares Outstanding (Basic) | 55.7M | 54.0M | 50.4M | 51.1M | 50.6M | 48.4M | 45.6M | 45.9M |
| Shares Outstanding (Diluted) | 55.7M | 54.0M | 50.4M | 51.1M | 50.6M | 48.4M | 45.6M | 45.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |