secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001437749-23-005259
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000143774923005259/0001437749-23-005259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000143774923005259/wrap20230302_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-005259

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer