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Wrap Technologies Income Statement 2025-2011 | WRAP
Brief overview of income trends at Wrap Technologies
The overview follows changes across a five-year period. According to figures from Wrap Technologies, revenue changed from $3.9 million to $4.7 million over five years. The cumulative result was +18.5%, corresponding to roughly 3.4% per year. Sales changed only slightly and remained broadly flat.
Gross profit was $1.3 million at the start and $2.7 million at the end of the period (+101%). The relationship between sales and direct costs improved over the period. Gross margin moved from 34% to 57.8%. A wider margin shows that the economics of the core business improved.
Over the period, EBITDA shifted from −$12.9 million to −$12.9 million, a change of +0.2%. Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin was −327.4% at the start and −275.9% at the end. The increased EBITDA share is a positive sign.
Comparing the endpoints shows a move from −12.6 million dollars to −10.3 million dollars. Losses became smaller, but the business remains unprofitable.
Over the period, capitalization shifted from $208 million to $73.6 million (−64.6%). Capitalization lags the underlying business improvement.
Financial takeaway
The indicators point to a weaker financial profile. The strongest signals are better sales economics, higher operating efficiency and a stronger final result. The weaker side of the profile includes a softer top-line trend, limited operating profitability and a weaker market valuation. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Wrap Technologies
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
73.6 M | 78 M | 66 M | 86.5 M | 105 M | 208 M | 201 M | 79 M | - | - | - | - | - | - | - |
Shares |
50.4 M | 45.6 M | 42.3 M | 41.2 M | 39.3 M | 37.4 M | 28.7 M | 23.6 M | - | - | - | - | - | - | - |
Historical Prices |
1.46 | 1.71 | 1.56 | 2.1 | 2.68 | 5.56 | 6.67 | 3.64 | - | - | - | - | - | - | - |
Net Income |
-10.3 M | -5.88 M | -30.2 M | -17.6 M | -24.4 M | -12.6 M | -8.33 M | -3.34 M | -834 K | - | - | - | - | - | - |
Revenue |
4.67 M | 4.51 M | 6.13 M | 8.05 M | 7.73 M | 3.94 M | 697 K | 23.2 K | - | - | - | - | - | - | - |
Cost of Revenue |
1.97 M | 2.04 M | 3.23 M | 4.32 M | 5.73 M | 2.6 M | 420 K | 18.6 K | - | - | - | - | - | - | - |
Gross Profit |
2.7 M | 2.46 M | 2.91 M | 3.73 M | 2 M | 1.34 M | 277 K | 4.54 K | - | - | - | - | - | - | - |
Operating Income |
-13.5 M | -15.6 M | -18.7 M | -17.7 M | -24.5 M | -13.1 M | -8.61 M | -3.34 M | -834 K | -234 K | - | - | - | - | - |
Interest Expense |
-15 K | -36 K | 113 K | 61 K | 15 K | 2 K | - | 1.3 K | - | - | - | - | - | - | - |
EBITDA |
-12.9 M | -14.7 M | -17.9 M | -17 M | -24 M | -12.9 M | -8.57 M | -3.32 M | -827 K | - | - | - | - | - | - |
Operating Expenses |
16.2 M | 18 M | 21.6 M | 21.5 M | 26.5 M | 14.4 M | 8.89 M | 3.34 M | - | - | - | - | - | - | - |
General and Administrative Expenses |
16.1 M | 15.7 M | 18.4 M | 16.4 M | 20.3 M | 11.6 M | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Income Statement Wrap Technologies
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
54 M | 51.1 M | 50.6 M | 48.4 M | 47.1 M | 45.9 M | 45.3 M | 44.2 M | 43.9 M | 42.7 M | 41.7 M | 41.4 M | 41.2 M | 41.1 M | 41 M | 40.9 M | 40.9 M | 40.4 M | 38.2 M | 37.6 M | 37.6 M | 36.4 M | 31.2 M | 30 M | 29.8 M | 29.7 M | 27.8 M | 27.4 M | 27.4 M | 22.8 M | 22.8 M | 22.8 M | 22.8 M | 20.4 M | 20 M | 19.1 M | 17.4 M | 4.94 M | 4.79 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-4.54 M | -2.77 M | -3.73 M | 109 K | - | 1.99 M | -385 K | 117 K | - | -2.78 M | -5.01 M | -4.03 M | - | -3.86 M | -4.78 M | -5.43 M | - | -5.99 M | -7.8 M | -5.43 M | - | -3.86 M | -2.82 M | -2.35 K | - | -2.39 M | -1.91 M | -1.48 M | - | -834 K | -776 K | -435 K | - | -152 K | -170 K | -202 K | - | -68.3 K | -234 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
1.11 M | 1.49 M | 1.01 M | 765 K | - | 593 K | 1.57 M | 1.48 M | - | 3.63 M | 1.2 M | 711 K | - | 1.7 M | 1.16 M | 1.6 M | - | 1.8 M | 1.93 M | 2 | - | 5.49 K | 30.6 K | 44 | - | 109 K | 61.8 K | 25.4 K | - | 527 | 537 | 345 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
420 K | 608 K | 525 K | 170 K | - | 358 K | 589 K | 640 K | - | 1.45 M | 534 K | 359 K | - | 790 K | 708 K | 932 K | - | 1.09 M | 1.99 M | 937 K | - | 688 K | 565 K | 406 | - | 158 K | 35.7 K | 61.2 K | - | 1.61 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
691 K | 883 K | 487 K | 595 K | - | 235 K | 984 K | 836 K | - | 2.18 M | 668 K | 352 K | - | 911 K | 457 K | 667 K | - | 711 K | -60 K | 605 K | - | 319 K | 268 K | 284 | - | 111 K | 23.7 K | 56.6 K | - | 283 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-4.77 M | -2.76 M | -2.86 M | -3.92 M | - | -3.63 M | -3.17 M | -4.14 M | - | -2.75 M | -5.08 M | -4.26 M | - | -3.91 M | -4.78 M | -5.43 M | - | -6.02 M | -7.8 M | -5.44 M | - | -3.86 M | -2.85 M | -2.39 K | - | -2.5 M | -1.97 M | -1.51 M | - | -834 K | -775 K | -435 K | - | -152 K | -170 K | -202 K | - | -68.3 K | -234 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
1 K | -14 K | -2 K | - | - | -5 K | -8 K | -1 K | - | -6 K | -16 K | -4 K | - | 12 K | -2 K | - | - | 15 K | -6 K | 7 K | - | -4 K | 31 K | 44 | - | 110 K | 59.6 K | 25.3 K | - | 352 | 875 | 447 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-4.71 M | -2.74 M | -2.83 M | -3.77 M | - | -3.54 M | -3.06 M | -3.92 M | - | -2.63 M | -4.96 M | -4.06 M | - | -3.79 M | -4.66 M | -5.25 M | - | -5.95 M | -7.58 M | -5.33 M | - | -3.83 M | -2.82 M | -2.37 K | - | -2.49 M | -1.97 M | -1.5 M | - | -831 K | -772 K | -431 K | - | -147 K | -168 K | -201 K | - | -67.4 K | -234 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
5.46 M | 3.64 M | 3.34 M | 4.52 M | - | 3.86 M | 4.15 M | 4.98 M | - | 4.93 M | 5.75 M | 4.61 M | - | 4.82 M | 5.24 M | 6.1 M | - | 6.73 M | 7.74 M | 6.04 M | - | 4.18 M | 3.12 M | 2.67 K | - | 2.61 M | 2 M | 1.56 M | - | 834 K | 775 K | 435 K | - | 152 K | 170 K | 202 K | - | 68.3 K | 29.4 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
5.36 M | 3.48 M | 3.18 M | 4.14 M | - | 3.33 M | 3.48 M | 4.22 M | - | 4.32 M | 4.74 M | 3.54 M | - | 3.59 M | 3.76 M | 4.61 M | - | 4.65 M | 6.58 M | 4.98 M | - | 3.26 M | 2.54 M | 2.14 K | - | 1.88 M | 1.48 M | 1.19 M | - | 666 K | 582 K | 339 K | - | 105 K | 89.9 K | 75.8 K | - | 1.74 K | 1.13 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Wrap Technologies (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.