Wrap Technologies, Inc. (WRAP) Financial Statements (2024 and earlier)

Company Profile

Business Address 1817 W 4TH STREET
TEMPE, AZ 85281
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 348 - Ordnance And Accessories, Except Vehicles And Guided Missiles (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,27934,92041,64116,98412,3593,084
Cash and cash equivalents5,3304,93716,64716,98412,3593,084
Short-term investments13,94929,98324,994   
Receivables2,8303,8591,8711954 
Inventory, net of allowances, customer advances and progress billings3,9751,5662,6552,245158131
Inventory3,9751,5662,6552,245158131
Other undisclosed current assets77586875925111511
Total current assets:26,85941,21346,92719,67512,6363,227
Noncurrent Assets
Operating lease, right-of-use asset28551139261
Property, plant and equipment7589763572433037
Intangible assets, net (including goodwill)2,5691,9821,396230119 
Goodwill      
Intangible assets, net (excluding goodwill)2,5691,9821,396230119 
Other noncurrent assets1009131322
Total noncurrent assets:3,7123,0181,90674715138
TOTAL ASSETS:30,57144,23148,83220,42112,7873,265
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,8822,6031,95360130196
Accounts payable1,4191,7791,23240723336
Accrued liabilities1,4638247211946860
Deferred revenue166155  
Debt    128  
Deferred compensation liability     9696
Other undisclosed current liabilities10899387346  
Total current liabilities:3,1562,8572,3411,076397192
Noncurrent Liabilities
Long-term debt and lease obligation:   56150  
Liabilities, other than long-term debt360110    
Deferred revenue167110  
Operating lease, liability193 56150
Other undisclosed noncurrent liabilities   (34)   
Total noncurrent liabilities:36011079150  
Total liabilities:3,5162,9672,4191,226397192
Equity
Equity, attributable to parent27,05541,26446,41319,19612,3903,072
Common stock444332
Additional paid in capital94,33391,02571,70531,92216,7914,138
Accumulated other comprehensive income (loss) 94(6)15   
Accumulated deficit(67,376)(49,759)(25,310)(12,730)(4,404)(1,068)
Other undisclosed equity, attributable to parent      
Total equity:27,05541,26446,41319,19612,3903,072
TOTAL LIABILITIES AND EQUITY:30,57144,23148,83220,42112,7873,265

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,0497,7293,94469723 
Net investment income   832913 
Cost of revenue(4,315)(5,734)(2,601)(420)(19) 
Cost of goods and services sold(4,315)(4,987)68194  
Gross profit:3,7341,9951,3432775 
Operating expenses(21,464)(26,490)(14,420)(8,890)(3,342)(834)
Operating loss:(17,730)(24,495)(13,077)(8,614)(3,338)(834)
Nonoperating income1134615   
Investment income, nonoperating523115   
Other nonoperating income6115    
Interest and debt expense   (2) (1) 
Loss from continuing operations before income taxes:(17,617)(24,449)(13,064)(8,614)(3,339)(834)
Income tax expense   (3,158)   
Loss from continuing operations:(17,617)(24,449)(16,222)(8,614)(3,339)(834)
Loss before gain (loss) on sale of properties:(24,449)(16,222)(8,614)(3,339)(834)
Other undisclosed net income   3,642   
Net loss:(17,617)(24,449)(12,580)(8,614)(3,339)(834)
Other undisclosed net income attributable to parent    2883 
Net loss attributable to parent:(17,617)(24,449)(12,580)(8,325)(3,336)(834)
Preferred stock dividends and other adjustments      
Net loss available to common stockholders, diluted:(17,617)(24,449)(12,580)(8,325)(3,336)(834)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(17,617)(24,449)(12,580)(8,614)(3,339)(834)
Comprehensive loss:(17,617)(24,449)(12,580)(8,614)(3,339)(834)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent100(21)15   
Comprehensive loss, net of tax, attributable to parent:(17,517)(24,470)(12,565)(8,614)(3,339)(834)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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