secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001493152-25-021986
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Technologies Q3 gross revenue $2.0M (+241% YoY); operating loss narrows 24% to $2.8M
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- Gross revenue $2.0M, up 241% from $0.6M in Q3 2024; net revenue $1.5M, up 151%.
- Gross margin expanded to 59% from 40%; gross profit $0.9M, up 276%.
- Recurring subscription revenue $236k, ~12% of total gross revenue.
- Operating expenses $3.6M, down 6% YoY; operating loss improved to $2.8M from $3.6M.
- Nine-month operating loss improved to $9.5M from $10.9M; cash improvements noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000149315225021986/0001493152-25-021986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000149315225021986/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-021986

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