secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0001437749-23-032356
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000143774923032356/0001437749-23-032356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000143774923032356/wrap20231116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-032356

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