Filing Flows › Wrap Technologies (WRAP) › Q4 2024
Wrap Technologies (WRAP) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Wrap Technologies (WRAP) reported revenue of $865K for the fourth quarter 2024 (Q4 2024), +47% from a year earlier and +46% from the quarter before. Operating margin was -535.6%, net loss $7.6M (878.3% of revenue).
Wrap Technologies, Q4 2024: revenue $865K (+47% year over year), operating margin -535.6%, net loss $7.6M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $865K | +46% | +47% |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$7.6M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $865K in Q4 2024, up 47% year over year and up 46% from the previous quarter.
Gross margin was 47.4%. Operating costs exceeded revenue by $4.6M, an operating margin of -535.6%. The quarter ended with a net loss of $7.6M, after a profit of $2.0M the previous quarter.
Operating cash flow was −$1.2M. Non-cash charges added back $181K of depreciation and amortization and $619K of share-based compensation. Working capital and other items added $5.6M. Capital expenditures of −$1K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Wrap Technologies' revenue in the fourth quarter 2024?
Wrap Technologies (WRAP) reported revenue of $865K for the fourth quarter 2024 (Q4 2024), +47% from a year earlier and +46% from the quarter before.
Was Wrap Technologies profitable in the fourth quarter 2024?
Operating loss was $4.6M (-535.6% of revenue) and net loss $7.6M.
Source: Wrap Technologies 10-K on SEC EDGAR.