secwatch.observer — SEC 8-K summary
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Issuer:     WRAP TECHNOLOGIES, INC. (WRAP)
CIK:        0001702924
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001851734-22-000678
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702924/000185173422000678/0001851734-22-000678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702924/000185173422000678/wrap20221109_8k.htm
  HTML page:      https://secwatch.observer/filing/0001851734-22-000678

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