Wrap Technologies, Inc.

Wrap Technologies reported FY 2025 net revenues of $4.7 million, a 3.7% increase from $4.5 million in FY 2024. This growth was driven by an 85.0% increase in technology-enabled services revenue to $1.7 million, partially offset by a 2.3% decline in product sales to $3.5 million. Gross profit improved 9.5% to $2.7 million, with gross margin expanding to 57.8% from 54.7% due to improved product margins and favorable mix. However, the company reported a significant operating loss of $13.5 million, though this represented a 13.4% improvement from the prior year's $15.6 million loss, reflecting cost containment initiatives. Net loss attributable to common stockholders was $11.2 million. The company strengthened its liquidity position through financing activities that generated $10.5 million in cash, ending the year with $3.5 million in cash and cash equivalents. Management believes current liquidity is sufficient for at least the next twelve months.

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