Wrap net loss turns to $4.5 million in Q1 FY26; revenue rises 45% to $1.1 million

Wrap Technologies, Inc.

Wrap Technologies, Inc.

WRAP

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  • Wrap Technologies posted Q1 revenue of $1.1 million, up 45% year over year, while net loss widened to $4.5 million from net income of $0.1 million.
  • Operating loss widened to $4.8 million; gross margin fell 16 percentage points to 62%.
  • Bookings totaled $3.2 million, including $2.1 million from international sales, while product sales more than doubled to $0.9 million.
  • Cash and cash equivalents climbed to $7.3 million at March 31, 2026; cash used in operating activities narrowed 59% to $1.2 million.
  • Received a U.S. Department of Homeland Security purchase order for BolaWrap technology; secured binding pre-order for drone and counter-drone systems supporting expansion across the U.K. and Europe.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wrap Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605131600PRIMZONEFULLFEED9719759) on May 13, 2026, and is solely responsible for the information contained therein.

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