WRAP TECHNOLOGIES, INC.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
WRAP$1.22-2.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Six Months ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(3,618) | $(268) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 304 | 451 |
| Share-based compensation | 2,435 | 918 |
| Warranty provision | 2 | 17 |
| Change in fair value of warrant liabilities | (3,158) | (6,917) |
| Non-cash lease expense | (199) | 143 |
| Provision for doubtful accounts | 34 | - |
| Write-off accounts receivables | 26 | - |
| Inventory obsolescence reserve | 187 | 12 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (453) | (236) |
| Inventories | 79 | (707) |
| Prepaid expenses and other current assets | (156) | 261 |
| Accounts payable | (34) | 25 |
| Operating lease liability | 197 | (29) |
| Customer deposits | - | (1,002) |
| Accrued liabilities and other | (523) | 39 |
| Warranty settlement | (10) | (34) |
| Deferred revenue | (180) | 41 |
| Changes in other non-current assets | 58 | 37 |
| Net cash used in operating activities | (5,009) | (7,249) |
| Cash Flows From Investing Activities: | ||
| Proceeds from maturities of short-term investments | - | 5,000 |
| Capital expenditures for property and equipment | (8) | (13) |
| Investment in patents and trademarks | (145) | (97) |
| Net cash (used in) provided by investing activities | (153) | 4,890 |
| Cash Flows From Financing Activities: | ||
| Proceeds from exercise of stock options | - | 588 |
| Proceeds from issuance of warrants and common stock, net of offering costs | 5,729 | - |
| Dividends settled in Cash | - | (120) |
| Net cash provided by financing activities | 5,729 | 468 |
| Net increase (decrease) in cash and cash equivalents | 567 | (1,891) |
| Cash and cash equivalents, beginning of period | 3,610 | 3,955 |
| Cash and cash equivalents, end of period | $4,177 | $2,064 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities: | ||
| Reclassification of warrant liabilities to additional paid in capital | $12,159 | - |
| Change in unrealized gain on short-term investments | - | $94 |
| Dividends on convertible preferred stock | $(328) | $700 |
| Dividends settled with common stock | $328 | $140 |
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