WRAP TECHNOLOGIES, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $4.7M | $4.5M | $6.1M | $8.0M | $7.7M | $3.9M | $696.8K |
| Cost of Revenue | — | $2.0M | $2.0M | $3.2M | $4.3M | $5.7M | $2.6M | $420.0K |
| Gross Profit | — | $2.7M | $2.5M | $2.9M | $3.7M | $2.0M | $1.3M | $276.8K |
| Gross Margin | — | 57.8% | 54.7% | 47.4% | 46.4% | 25.8% | 34.1% | 39.7% |
| Operating Expenses | ||||||||
| Research & Development | — | $56.0K | $2.3M | $3.3M | $5.1M | $6.2M | $2.8M | $2.2M |
| SG&A Expense | — | $16.1M | $15.7M | $18.4M | $16.4M | $20.3M | $11.6M | $6.7M |
| Operating Income | — | $-13.5M | $-15.6M | $-18.7M | $-17.7M | $-24.5M | $-13.1M | $-8.6M |
| Operating Margin | — | -288.6% | -345.4% | -305.3% | -220.3% | -316.9% | -331.6% | -1,236.2% |
| Interest Expense | — | — | — | — | — | $0 | $2.0K | $0 |
| Pretax Income | — | $-10.3M | — | — | — | — | — | — |
| Income Tax Expense | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | — | $-10.3M | $-5.9M | $-30.2M | $-17.6M | $-24.4M | $-12.6M | $-8.3M |
| Net Margin | — | -221.2% | -130.4% | -492.7% | -218.9% | -316.3% | -319.0% | -1,194.8% |
| EPS (Basic) | — | $-0.22 | $-0.16 | $-0.72 | $-0.43 | $-0.62 | $-0.37 | $-0.29 |
| EPS (Diluted) | — | $-0.22 | $-0.16 | $-0.72 | — | $-0.62 | $-0.37 | $-0.29 |
| Shares Outstanding (Basic) | 55.5M | 50.4M | 45.6M | 42.3M | 41.2M | 39.3M | 37.6M | 29.8M |
| Shares Outstanding (Diluted) | 55.5M | 50.4M | 45.6M | 42.3M | 41.2M | 39.3M | 37.6M | 29.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |