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Get WRAP alertsChris DeAlmeida is recorded as CFO at Wrap Technologies, Inc. (WRAP) since July 25, 2022. Wrap Technologies, Inc. reported in an 8-K filed January 5, 2024 that Chris DeAlmeida was terminated as Chief Financial Officer, effective January 5, 2024. Wrap Technologies, Inc. reported in an 8-K filed July 25, 2022 that Chris DeAlmeida was appointed Chief Financial Officer, effective July 25, 2022. The proxy statement of Wrap Technologies, Inc. reports total compensation of $154,166 for Chris DeAlmeida in fiscal 2024, including a base salary of $16,666. Disclosed compensation is on record for 3 fiscal years. Chris DeAlmeida has spoken on 5 earnings calls across 1 company, most recently for Wrap Technologies, Inc. on November 16, 2023. Wrap Technologies, Inc. is classified in the Scientific & Technical Instruments industry within the Technology sector. Other leadership on record at Wrap Technologies, Inc. includes L. W. Varner, Jr. (CEO), LW Varner (CEO), LW Varner, Jr. (CEO) and 7 others.
“On January 5, 2024 (the "Termination Date"), Chris DeAlmeida's employment as Chief Financial Officer of Wrap Technologies, Inc. (the "Company") was terminated without cause, effective immediately, pursuant to a Separation Agreement and Mutual Release of Claims (the "Separation Agreement").”
“On July 25, 2022, Wrap Technologies, Inc. (the “Company”) announced the appointment of Chris DeAlmeida as Chief Financial Officer of the Company, effective July 25, 2022.”
“Our third quarter performance solidifies the strength and relevance of our offerings in the market. Both domestic and international sales have responded positively, positioning Wrap for consistent growth.”
“Good afternoon, everyone, and thank you Kevin for providing a comprehensive overview of our business and strategic developments. I'm now going to present our second quarter financial results and give you an insight into our outlook for the second half of 2023 and beyond.”
“Moving to our financial results for the first quarter of 2023. In Q1, we generated revenue of $711,000 compared to $1.6 million in the prior year period. The decrease in our Q1 2023 revenue was primarily due to a delay in the timing of new orders, primarily on the international side.”
“Moving to our financial results for the third quarter. In Q3, we generated net revenues of $1.7 million compared to $1.8 million in the prior year period, representing a 6% decrease year-over-year, driven by the timing of certain international sales.”
“I'm excited to be a part of this new management team, and we look forward to helping drive the future growth for Wrap. Since joining, I've had an opportunity to take a close look at our business model and provide input on the strategic road map.”
2022-07-25–present
Start not stated–2024-01-05
Scientific & Technical Instruments · Technology
CFO
2022-07-25–present
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2024 | Wrap Technologies, Inc. (WRAP) | Former Chief Financial Officer, Treasurer and Secretary | $16,666 | $154,166 |
| 2023 | Wrap Technologies, Inc. (WRAP) | Former Chief Financial Officer, Treasurer and Secretary | $275,000 | $332,292 |
| 2022 | Wrap Technologies, Inc. (WRAP) | Former Chief Financial Officer, Treasurer and Secretary | $103,125 | $649,125 |
