Wrap Technologies WRAP Technology Service — Deferred Revenue
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Where this comes from
Reported directly by Wrap Technologies in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
The official record: Wrap Technologies’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Wrap Technologies's technology service — deferred revenue?
- Wrap Technologies (WRAP) reported technology service — deferred revenue of $21K in Q1 2026.
- What does technology service — deferred revenue mean?
- This metric reflects the balance of deferred revenue or performance obligations related to technology service contracts where payment has been received but services have not yet been fully delivered. It provides insight into the company's future revenue visibility and the volume of committed service work currently in the backlog. A rising balance typically indicates strong sales momentum for service-based offerings, while a declining balance may signal a need for new contract acquisitions.