---
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"
generated_at: "2026-06-21T18:37:15.516053+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wrap Q3 net revenue $1.70M, net loss $(3.87)M; record 54% gross margin; $1.5M EMEA order

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001851734-22-000678
- JSON: https://secwatch.observer/filing/0001851734-22-000678.json
- Plain text: https://secwatch.observer/filing/0001851734-22-000678.txt

## Key facts
- Earnings Releases
  WRAP TECHNOLOGIES, INC. reported third fiscal quarter ended September 30, 2022 results: revenue $1.70 million. Guidance reaffirmed.
  - Period: third fiscal quarter ended September 30, 2022
  - Revenue: $1.70 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1702924/000185173422000678/0001851734-22-000678-index.htm

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