---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-005259"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:14:40.053844+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Wrap Technologies reports record Q4 revenue of $3.59M, net loss improves 33% YoY

## Summary
- Q4 net revenue $3.59M (+47% YoY); full year $8.05M (+4% YoY).
- Q4 net loss $(3.54)M or $(0.09)/share vs $(5.23)M or $(0.13)/share prior year.
- Gross profit improved 130% in Q4 to $1.70M (47% margin); full year gross profit up 87% to $3.73M.
- Cash $19.28M; reiterates quarterly adjusted EBITDA break-even by end of 2023, profitability by end of 2024.
- Operational highlights: largest BolaWrap 150 order ($1.5M from EMEA), launched Use of Force Reduction Guarantee.

## SEC filing metadata
- accession: 0001437749-23-005259
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000143774923005259/0001437749-23-005259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000143774923005259/wrap20230302_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-005259
- JSON: https://secwatch.observer/filing/0001437749-23-005259.json
- Plain text: https://secwatch.observer/filing/0001437749-23-005259.txt

## Key facts
- Earnings Releases
  WRAP TECHNOLOGIES, INC. reported the fourth quarter ended December 31, 2022 results: revenue $3.59 million, net income $(3.54) million, EPS $(0.09) per share. Guidance reaffirmed.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $3.59 million
  - Net income: $(3.54) million
  - EPS: $(0.09) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: ● Net revenue increased 47% to $3.59 million from $2.45 million in the prior year period. The increase in net revenue was primarily due to an increase in sales highlighted by record deals in the Americas and the EMEA region. Americas revenue grew 282% to $2.0 million from $0.5 million in the prior year period, while international revenue decreased 16% to $1.6 million from $1.9 million in the prior year period. ● Gross profit improved to $1.70 million (47% of net revenue), a 130 year-over-year increase from $0.74 million (30% of net revenue) in the prior year period. The increase in gross profit and gross margin was primarily the result of improved traction and improved pricing on the BolaWrap 150 product as well as increased efficiencies in the costs associated with the production of the BolaWrap 150 as compared to the BolaWrap 100 in the prior year period. ● Sales, general and administrative (SG&A) expense increased $0.37 million, or 9%, to $4.43 million from $4.07 million in the prio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000143774923005259/0001437749-23-005259-index.htm
- Earnings Releases
  WRAP TECHNOLOGIES, INC. updated its the fiscal year ended December 31, 2022 guidance (reaffirmed).
  - Period: the fiscal year ended December 31, 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced financial and operating results for the fourth quarter and full year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000143774923005259/0001437749-23-005259-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.