Wrap Technologies(WRAP) - 2025 Q4 - Annual Results

Revenue Growth - Full year gross revenue increased by 15% to $5.2 million, up from $4.5 million in 2024[4] - Fourth quarter gross revenue surged 62% to $1.4 million, compared to $0.9 million in Q4 2024[4] - Technology-enabled services revenue rose 85% to $1.7 million in 2025, up from $0.9 million in 2024, driven by the acquisition of W1[4] Profitability and Expenses - Gross profit for the full year increased by 9.5% to $2.7 million, compared to $2.5 million in 2024[4] - Total operating expenses decreased by 10% to $16.2 million in 2025, down from $18.0 million in 2024[4] - Loss from operations improved by 13% to $(13.5) million in 2025, compared to $(15.6) million in 2024[4] Strategic Focus and Future Outlook - The company targets approximately 100% revenue growth in 2026, reflecting a strategic focus on integrated solutions[21] - Wrap expanded its international presence in 2025, including entry into the Indian market through a strategic agreement[8] Product Deployment and Market Presence - Over 10,000 active BolaWrap units are deployed domestically, with more than 76% on the current-generation BolaWrap 150 platform[8] - The average deal size increased nearly sixfold from the first half to the fourth quarter of 2025, indicating a shift to fleet-wide deployments[8]