{"schema_version":"secwatch.filing_event.v1","accession":"0001851734-22-000678","form_type":"8-K","ticker":"WRAP","cik":"0001702924","company_name":"WRAP TECHNOLOGIES, INC.","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.762181+00:00","generated_at":"2026-06-21T18:37:15.516053+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Wrap Q3 net revenue $1.70M, net loss $(3.87)M; record 54% gross margin; $1.5M EMEA order","bullets":["Net revenue $1.70M (-6% YoY); Americas sales grew 36% to $1.48M (company record).","Gross margin 54% (record), up from 39% in prior year; net loss $(3.87)M vs $(5.99)M.","Cash & equivalents $23.69M; reiterates cash flow break-even by end 2023, profitability by end 2024.","October: largest BolaWrap 150 order ever ($1.5M) from EMEA police agency; initial South America order for 120 devices.","Trained agencies >1,300 (+39% YoY); certified instructors ~4,400 (+36% YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0001851734-22-000678","json":"https://secwatch.observer/filing/0001851734-22-000678.json","markdown":"https://secwatch.observer/filing/0001851734-22-000678.md","text":"https://secwatch.observer/filing/0001851734-22-000678.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1702924/000185173422000678/0001851734-22-000678-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1702924/000185173422000678/wrap20221109_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T18:37:15.516053+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"df249d1fd24ea3700d0705d4e06af201a4372cef","claim":"WRAP TECHNOLOGIES, INC. reported third fiscal quarter ended September 30, 2022 results: revenue $1.70 million. Guidance reaffirmed.","evidence_excerpt":"end was $0.03 million which excludes the new significant EMEA order signed in October 2022 for $1.5 million. Third Quarter 2022 Financial Results ● Net revenue decreased 6% to $1.70 million from $1.81 million in the prior year period. The moderate decrease in net revenue was the result of differences in the timing of international orders. However, Americas sales","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1702924/000185173422000678/0001851734-22-000678-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third fiscal quarter ended September 30, 2022"},{"label":"Revenue","value":"$1.70 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}