---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-032356"
form_type: "8-K"
ticker: "WRAP"
cik: "0001702924"
company_name: "WRAP TECHNOLOGIES, INC."
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:17:42.650953+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-032356
- form_type: 8-K
- ticker: WRAP
- cik: 0001702924
- company_name: WRAP TECHNOLOGIES, INC.
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702924/000143774923032356/0001437749-23-032356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702924/000143774923032356/wrap20231116_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-032356
- JSON: https://secwatch.observer/filing/0001437749-23-032356.json
- Plain text: https://secwatch.observer/filing/0001437749-23-032356.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702924/000143774923032356/0001437749-23-032356-index.htm

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