WRAP TECHNOLOGIES, INC.
WRAPNasdaqIndustrials · Ordnance & Accessories, (No Vehicles/Guided Missiles) · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $4.7M | $3.6M | $5.3M | $7.5M | $7.4M | $3.9M |
| Operating income | −$13.5M | −$15.6M | −$18.7M | −$17.7M | −$24.5M | −$13.1M |
| Net income | −$10.3M | −$5.9M | −$30.2M | −$17.6M | −$24.4M | −$12.6M |
| Total assets | $15.4M | $15.1M | $28.5M | $30.6M | $44.2M | $48.8M |
| Total liabilities | $3.9M | $14.9M | $25.3M | $3.5M | $3.0M | $2.4M |
| Equity | $11.5M | $250,000 | $3.2M | $27.1M | $41.3M | $46.4M |
| EPS (diluted) | $-0.22 | $-0.16 | $-0.72 | $-0.43 | $-0.62 | — |
| Shares out. | 50.5M | 45.9M | 41.3M | 40.9M | 37.6M | 30.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −288.6%
- Net margin
- −221.2%
- Return on equity
- −89.9%
- Return on assets
- −67.0%
- Return on capital (ROCE)
- −99.1%
- Liabilities / assets
- 25.5%
- Debt / equity
- 0.34×
- Book value / share
- $0.23
- Revenue growth (YoY)
- 30.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -23.31distress
- Accruals / assets
- −0.3%clean
- Beneish M-Score
- 0.78elevated
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 4 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Iroquois Capital Management, LlcPassive (13G)May 15, 2026
- Norris Elwood GActivist (13D)May 5, 2026
- Cohen ScotActivist (13D)Mar 6, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 6.0M | 27.4 | -0.7% |
| Apr 30, 2026 | 6.0M | 28.9 | -3.6% |
| Apr 15, 2026 | 6.3M | 8.8 | +1.1% |
| Mar 31, 2026 | 6.2M | 27.7 | -1.7% |
| Mar 13, 2026 | 6.3M | 27.6 | -0.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 13, 2026
- Results of operationsMar 26, 2026
- Entered a material agreement · Unregistered equity sale · Other material eventFeb 4, 2026
- Modified shareholder rights · Director / officer change · Amended charter or bylaws · Shareholder voteDec 17, 2025
- Results of operationsNov 12, 2025
- Amended charter or bylawsNov 5, 2025
- Director / officer change · Other material eventOct 27, 2025
- Modified shareholder rights · Amended charter or bylawsAug 26, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13G/AMay 15, 2026
- 10-QQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)May 13, 2026
- 8-KMay 13, 2026
- SCHEDULE 13GMay 5, 2026
- 4FORM 4May 5, 2026
- 4May 4, 2026
- 4May 4, 2026
- 4May 1, 2026
- 4May 1, 2026
- 4May 1, 2026
- 4Apr 6, 2026
- 10-KMar 26, 2026
- 8-KMar 26, 2026
- 4Mar 6, 2026
- SCHEDULE 13D/AMar 6, 2026
Event-driven situations (1)
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