Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $0.00 | $23.1K | $697K | $3.94M | $7.73M | $8.05M | $6.13M | $4.51M | $4.67M |
| Revenue growth | — | — | — | 2909.9% | 466.0% | 96.0% | 4.1% | -23.8% | -26.5% | 3.7% |
| Gross profit | — | $0.00 | $4.54K | $277K | $1.34M | $2.00M | $3.73M | $2.91M | $2.46M | $2.70M |
| Gross margin | — | — | 19.6% | 39.7% | 34.1% | 25.8% | 46.4% | 47.4% | 54.7% | 57.8% |
| Operating income | — | -$834K | -$3.34M | -$8.61M | -$13.1M | -$24.5M | -$17.7M | -$18.7M | -$15.6M | -$13.5M |
| Operating margin | — | — | -14417.4% | -1236.2% | -331.6% | -316.9% | -220.3% | -305.3% | -345.4% | -288.6% |
| Net income | — | -$834K | -$3.34M | -$8.33M | -$12.6M | -$24.4M | -$17.6M | -$30.2M | -$5.88M | -$10.3M |
| Net margin | — | — | -14412.2% | -1194.8% | -319.0% | -316.3% | -218.9% | -492.7% | -130.4% | -221.2% |
| EPS (diluted) | — | — | -$0.14 | -$0.29 | -$0.37 | -$0.62 | — | -$0.72 | -$0.16 | -$0.22 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$834K | -$2.69M | -$8.49M | -$12.2M | -$18.2M | -$14.6M | -$16.7M | -$8.13M | -$10.3M |
| Capital expenditures | — | $35.1K | $14.2K | $257K | $249K | $995K | $256K | $230K | $12.0K | $100K |
| Free cash flow | — | -$869K | -$2.71M | -$8.74M | -$12.4M | -$19.2M | -$14.9M | -$16.9M | -$8.14M | -$10.4M |
| Dividends paid | — | — | — | — | — | — | $0.00 | $58.0K | $120K | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | $3.08M | $12.4M | $17.0M | $16.6M | $4.94M | $5.33M | $3.96M | $3.61M | $3.47M |
| Total assets | $293K | $3.26M | $12.8M | $20.4M | $48.8M | $44.2M | $30.6M | $28.5M | $15.1M | $15.4M |
| Total liabilities | — | — | $397K | $1.23M | $2.42M | $2.97M | $3.52M | $25.3M | $14.9M | $3.93M |
| Shareholders' equity | $208K | $3.07M | $12.4M | $19.2M | $46.4M | $41.3M | $27.1M | $3.16M | $250K | $11.5M |
| Retained earnings | -$234K | -$1.07M | -$4.40M | -$12.7M | -$25.3M | -$49.8M | -$67.4M | -$98.0M | -$105M | -$116M |
| Shares (wtd avg diluted) | 17.4M | 20.2M | 23.6M | 29.8M | 37.6M | 39.3M | 41.2M | 42.3M | 45.6M | 50.4M |
Every figure is extracted from WRAP TECHNOLOGIES, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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