secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2026-05-13T20:20:44+00:00
Accession:  0001493152-26-022738
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wrap Technologies Q1 2026 revenue $1.1M (+45% YoY); Books $3.2M in orders; wins DHS contract
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- Revenue $1.1M, up 45% YoY from $0.8M; product sales surged 186% to $0.9M.
- Bookings total $3.2M, including DHS purchase order for BolaWrap, marking federal adoption milestone.
- Net loss $(4.5)M vs net income $0.1M in prior year (which included $4.0M non-cash warrant gain).
- Cash $7.3M, up from $3.5M at Dec 2025; cash used in operations improved 59% to $(1.2)M.
- Drone/counter-drone pre-orders secured; strategic agreement in India expands international presence.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000149315226022738/0001493152-26-022738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000149315226022738/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-022738

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