For the quarter ending 2026-03-31, WRAP had $3,796K increase in cash & cash equivalents over the period. -$1,251K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net (loss) income | -4,540 | -3,944 | -2,773 | -3,618 |
| Depreciation and amortization | 56 | 139 | 151 | 304 |
| Impairment of goodwill and intangibles | - | 588 | - | - |
| Loss on disposition of assets | - | -1 | -9 | - |
| Write-off accounts receivables | - | - | - | 26 |
| Share-based compensation | 2,384 | 1,003 | 638 | 2,435 |
| Warranty provision | 4 | -82 | 40 | 2 |
| Gain on lease termination | 227 | - | - | - |
| Change in fair value of warrant liabilities | 0 | 0 | 0 | -3,158 |
| Non-cash lease expense | 54 | 67 | -79 | -199 |
| (reversal) / provision for credit losses | -1 | 82 | 1 | 34 |
| Inventory obsolescence reserve | 0 | 433 | -584 | 187 |
| Accounts receivable | - | 1,047 | 891 | 453 |
| Accounts receivable and contract assets | -797 | - | - | - |
| Inventories | -326 | -57 | -1,027 | -79 |
| Prepaid expenses and other current assets | 380 | -140 | 0 | 156 |
| Accounts payable | 167 | 24 | 21 | -34 |
| Operating lease liabilities | -57 | -74 | 98 | 197 |
| Customer deposits | 11 | -1 | -34 | 0 |
| Accrued liabilities and other | 122 | -75 | -353 | -523 |
| Warranty settlement | - | 0 | -3 | -10 |
| Warranty settlements | -2 | - | - | - |
| Deferred revenue | 38 | 22 | 75 | -180 |
| Other non-current assets | -24 | 0 | 0 | -58 |
| Net cash used in operating activities | -1,246 | -2,665 | -2,615 | -5,009 |
| Proceeds from maturities of short-term investments | - | 0 | 0 | 0 |
| Capital expenditures for property and equipment | 5 | 7 | 85 | 8 |
| Investment in patents, trademarks and other intangibles | 53 | 131 | 11 | 145 |
| Net cash paid for acquisition | 0 | 0 | - | - |
| Net cash used in investing activities | -58 | -138 | -96 | -153 |
| Proceeds from exercise of stock options | - | 245 | 0 | 0 |
| Proceeds from issuance of series b convertible preferred stock | - | 0 | 4,500 | - |
| Proceeds from private placement | 5,000 | - | - | - |
| Proceeds from issuance of warrants and common stock, net of offering costs | - | 61 | -1 | 5,729 |
| Proceeds from warrant exercise | 100 | - | - | - |
| Dividends settled in cash | - | 0 | 0 | 0 |
| Proceeds from issuance of common stock and warrants, net | 0 | - | - | - |
| Net cash provided by financing activities | 5,100 | 306 | 4,499 | 5,729 |
| Net increase in cash and cash equivalents | 3,796 | -2,497 | 1,788 | 567 |
| Cash and cash equivalents, beginning of period | 3,468 | 5,965 | 3,610 | - |
| Cash and cash equivalents, end of period | 7,264 | 3,468 | 5,965 | - |
WRAP TECHNOLOGIES, INC. (WRAP)
WRAP TECHNOLOGIES, INC. (WRAP)