Wrap Tech Q3 2023 revenue up 114% to $3.63M, record quarterly revenue

WRAP TECHNOLOGIES, INC.

Net revenue $3.63M vs $1.70M YoY; gross profit up 139% to $2.18M (60% margin).
Net loss narrowed 28% to $(2.78M) or $(0.07)/share from $(3.87M) or $(0.09)/share.
International revenue surged 940% to $2.29M; Americas revenue $1.34M.
Backlog $365K; cash & equivalents $14.9M vs $19.3M at Dec 2022.
Trained agencies grew 14% to 1,480; certified instructors up 14% to 5,200.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

WRAP TECHNOLOGIES, INC. reported the third quarter ended September 30, 2023 results: revenue $3.63 million, net income $(2.78) million, or $(0.07) per share, EPS $(0.07) per share. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $3.63 million
Net income: $(2.78) million, or $(0.07) per share
EPS: $(0.07) per share
Guidance: raised
Result: reported results

Exact text from the filing

a 14% increase from the prior year period. ● Backlog was approximately $365 thousand at September 30, 2023. Third Quarter 2023 Financial Results ● Net revenue increased 114% to $3.63 million from $1.70 million in the prior year period. Revenue in the Americas was $1.34 million as compared to $1.48 million in the prior year period, while international revenue grew

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

WRAP TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-032356

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.