Wrap Technologies

Wrap Technologies, Inc. manufactures law enforcement products. It focuses on delivering solutions to customers, primarily law enforcement and security personnel. The firm products include BolaWrap 100, which is a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle an individual at a range of 10-25 feet. The company was founded by Elwood G. Norris, Scot J. Cohen, and James A. Barnes on March 2, 2016 and is headquartered in Tempe, AZ.

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Wrap Technologies achieves record revenue and aims for profitability

Wrap Technologies delivered strong financial performance in Q4 2022, with record revenue, improved gross profit, and enhanced operational efficiency.
The company's strategic initiatives led to increased sales, market acceptance, and highlighted the value proposition of BolaWrap in law enforcement scenarios.
While facing challenges in achieving profitability targets and managing resource allocation, Wrap Technologies is well-positioned to capitalize on market opportunities and drive future growth.

Wrap Technologies reports Q1 2023 mixed results, focuses on growth

Wrap Technologies showcased a mixed financial performance in Q1 2023 with revenue decrease offset by improved gross margin and cost containment efforts.
The company's strategic priorities for 2023 include accelerating deal closures, expanding with existing customers, and reducing non-essential operating expenses.
Despite challenges and shareholder inquiries, Wrap Technologies remains confident in its long-term prospects, focusing on cost management, sales growth, and profitability.

Wrap Technologies acquires Intrensic, reports strong Q2 performance

Wrap Technologies' Q2 2023 performance showed revenue growth and improved gross profit margins.
The acquisition of Intrensic positions the company for enhanced value proposition and market expansion.
Challenges include managing one-time costs and optimizing operational efficiencies for sustained profitability.
Opportunities lie in leveraging market expansion, new revenue streams, and international growth prospects.

Wrap Technologies excels in Q3 with record sales and growth opportunities

Wrap Technologies delivered a robust performance in Q3 2023, showcasing strong financials and strategic initiatives. With a focus on innovation, operational efficiency, and global expansion, the company is poised for continued growth and value creation.

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Wrap Technologies, Inc. is a global public safety technology and service company, which engages in the provision of modern policing solutions to law enforcement and security personnel. Its products include BolaWrap Remote Restraint Device and Wrap Reality. The company was founded by Elwood G. Norris, Scot J. Cohen, and James A. Barnes in March 2016 and is headquartered in Tempe, AZ.

TEMPE, Ariz., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc.  (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will hold a conference call on Thursday, November 9, 2023 at 5:00 p.m.

Wrap Technologies, Inc. to Report Third Quarter 2023 Financial Results on Thursday, November 9, 2023 at 5:00 p.m. ET

TEMPE, Ariz., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative safety technologies and services, today announced the appointment of Vice Admiral (ret.

Wrap Technologies Announces Appointment of New Directors to the Board

TEMPE, Ariz., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced the launch of a new national campaign, “Don't Hurt Those Already Hurting.

Wrap Technologies Launches Nationwide “Don't Hurt Those Already Hurting” Campaign

TEMPE, Ariz., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced its sponsorship of the National Faith & Blue Weekend (Faith & Blue) taking place from October 6 through October 9, 2023, across the United States.

Wrap Technologies Announces Sponsorship of Nationwide “Faith & Blue” Weekend, October 6-9, 2023

TEMPE, Ariz., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc.

Wrap Technologies Announces International Expansion of BolaWrap 150® Remote Restraint Devices Across Italy

TEMPE, Ariz., Sept. 15, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc.  (NASDAQ: WRAP), a visionary leader in advanced public safety solutions, today announced the adoption of BolaWrap 150® remote restraint devices by the Cobb County Sheriff's Office in Georgia. This is the first deployment of BolaWrap in the Cobb County area and is part of a nationwide push of innovative law enforcement initiatives by forward-thinking public safety officials.

Wrap Technologies Announces Deployment of BolaWrap 150® Remote Restraint Devices Across Cobb County, Georgia

TEMPE, Ariz., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP), a visionary leader in advanced public safety solutions, proudly introduces a groundbreaking addition to its robust catalogue of pre-recorded scenarios for its virtual reality training platform, Wrap Reality. This new scenario focuses on using the Incident Command System, a unified approach to emergency management response. It is designed to prepare law enforcement officers with the skills needed to excel at providing strong and steady leadership during times of crisis, and immediately upon arriving on scene.

Wrap Technologies Unveils Critical Incident Management Virtual Reality Training Scenario for High-Stress Law Enforcement Environments

Wrap Technologies, Inc. (NASDAQ:WRAP ) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants Kevin Mullins - Chief Executive Officer Chris DeAlmeida - Chief Financial Officer Nima Parikh - Chief Marketing Officer Conference Call Participants Operator Good afternoon and welcome to Wrap Technologies Second Quarter 2023 Earnings Conference Call. My name is Nima Parikh and I'm the Chief Marketing Officer at Wrap.

Wrap Technologies, Inc. (WRAP) Q2 2023 Earnings Call Transcript

TEMPE, Ariz., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP), a global leader in innovative public safety solutions, is proud to announce the launch of two new immersive virtual reality training scenarios for its advanced law enforcement training platform, Wrap Reality. The addition of these cutting-edge scenarios demonstrates Wrap's steadfast commitment to transforming law enforcement training methodologies and providing exceptional learning experiences for officers.

Wrap Technologies, Inc. Expands Virtual Reality Law Enforcement Training with New Immersive Scenarios

TEMPE,Ariz., July 27, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP), a leading global innovator in public safety solutions, commends law enforcement agencies for adopting its BolaWrap® solution with the support of opioid settlement funds. Demonstrating a steadfast commitment to its no-harm approach to public safety, Wrap Technologies has garnered significant endorsement from officers particularly in handling persons in crisis situations related to opioid or substance abuse.

Law Enforcement Adopts BolaWrap Solution: Advancing Safer Outcomes with Opioid Settlement Funds

TEMPE, Ariz., July 26, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc.  (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will hold a conference call on Wednesday, August 9, 2023 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial and operational results for the second quarter ended June 30, 2023. Financial and operational results will be issued in a press release prior to the call on the same day.

Wrap Technologies, Inc. to Report Second Quarter 2023 Financial Results on Wednesday, August 9, 2023 at 5:00 p.m. ET

TEMPE, Ariz., July 20, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP), a global pioneer in innovative public safety solutions, is proud to announce the widespread adoption of their BolaWrap® 150 technology by law enforcement agencies. The company's commitment to a no-harm approach to law enforcement has garnered significant support from officers and communities alike.

Law Enforcement Agencies Embracing Technology Advancements With Wrap Technologies' BolaWrap® 150

TEMPE, Ariz., July 13, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP), a global leader in innovative public safety technologies, applauds the Hillsborough County Sheriff's Office in Florida for its remarkable achievements in deploying the company's BolaWrap solution. Since the launch of its BolaWrap program in July 2021, the Hillsborough County Sheriff's Office has expanded its deployment on three separate occasions, driven by the outstanding results and positive outcomes experienced by officers, particularly in encounters involving individuals experiencing a mental health crisis.

Wrap Technologies Applauds Hillsborough County Sheriff's Office for Successful Utilization of BolaWrap Device

Investors Bolster Support in Public Safety Technology, Boosting Cash Reserves to Over $20M through Equity Transaction Investors Bolster Support in Public Safety Technology, Boosting Cash Reserves to Over $20M through Equity Transaction

Wrap Technologies, Inc. Announces the Closing of a $10 Million Offering to Fuel Growth

TEMPE, Ariz., June 30, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solutions, announced today that it has executed a securities purchase agreement with certain directors of the Company and certain accredited and institutional investors to raise gross proceeds of approximately $10 million in a registered direct offering of convertible preferred stock and warrants. The offering is expected to close on July 3, 2023, subject to the satisfaction of customary closing conditions.

WRAP Technologies, Inc. Announces $10 Million Offering

TEMPE, Ariz., June 27, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP), a global pioneer in innovative public safety solutions, today announced that year-to-date sales in 2023 for Wrap Reality, the Company's advanced virtual reality training system, have surpassed the total sales achieved for the platform in 2022. This milestone serves as a testament to Wrap's commitment to transforming law enforcement training methodologies and providing exceptional learning experiences. Through continuous innovation, Wrap Reality has gained traction within the law enforcement community, empowering officers to enhance their training skills and effectively address the complex public safety challenges of today's world.

Wrap Reality Exceeds 2022's Total Sales in Just Six Months, Revolutionizing Immersive Learning Experiences for Law Enforcement

TEMPE, Ariz., June 15, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solutions, announced today the addition of multiple new agency customers, driving further demand for its proprietary BolaWrap® solution across the United States. The BolaWrap® device has gained popularity among law enforcement agencies who recognize the need for non-pain-inducing alternatives to better equip their officers for the vast majority of the situations they face.

Wrap Technologies Builds Momentum as US Law Enforcement Agencies Embrace Innovative BolaWrap® Restraint Solution

TEMPE, Ariz., June 07, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solutions, today announced its strategic initiative to introduce the BolaWrap® solution to educational institutions across the United States. This program aims to address the pressing issue of mental illness among college students and provide a comprehensive solution to enhance campus safety.

Wrap Technologies Launches Strategic Initiative to Enhance Campus Safety with BolaWrap® Amid Rising Mental Health Concerns; Showcasing at IACLEA Conference

TEMPE, Ariz., June 01, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety solution, today announced its participation in the Public Risk Management Association (PRIMA) Conference, taking place in Long Beach, California from June 4 to June 7, 2023.

Wrap Technologies to Showcase Its BolaWrap® Solution at the Public Risk Management Association (PRIMA) Conference

TEMPE, Ariz., May 30, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP) (“Wrap” or the “Company”), a global pioneer in innovative public safety technologies and services, today announced its participation in the upcoming International Counterterrorism Conference, taking place in Las Vegas, Nevada from May 31 to June 2, 2023. During the conference, the Company will showcase its immersive VR training platform, Wrap Reality™, featuring modules that address crucial aspects of counterterrorism, including Suicide Bomber Training, Human Trafficking Training, and Weapons Training.

Wrap Technologies to Showcase Its Pioneering Virtual Reality Training Platform, Wrap Reality™, at the International Counterterrorism Conference

TEMPE, Ariz., May 26, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies (Nasdaq: WRAP), a global pioneer in public safety solutions, proudly announced the appointment of Kevin Mullins as Chief Executive Officer in April. That day Kevin Mullins highlighted the strategic measures implemented to enhance the agility and cost-effectiveness of Wrap's operations. Today marks an exciting milestone as Kevin unveils his visionary roadmap for the future of Wrap, propelling the company into the next era of public safety solutions tailored to the evolving needs of our world.

Wrap Technologies, Inc. Welcomes Kevin Mullins as New CEO – Spearheading Next-generation Public Safety Solutions for a Rapidly Evolving World

Wrap Technologies, Inc. (NASDAQ:WRAP ) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Kevin Mullins - Chief Executive Officer Chris DeAlmeida - Chief Financial Officer Conference Call Participants Operator Good afternoon and welcome to Wrap Technologies First Quarter 2023 Earnings Conference Call. Joining me today is our Chief Executive Officer, Kevin Mullins; and our Chief Financial Officer, Chris DeAlmeida.

Wrap Technologies, Inc. (WRAP) Q1 2023 Earnings Call Transcript

Company Introduces Streamlined Operating Model with Bolstered Distribution and Sales Capabilities to Accelerate Path to Profitable Growth

Wrap Technologies, Inc. Reports First Quarter 2023 Results

CEO Kevin Mullins to Speak, and Company to Provide Demonstrations of BolaWrap 150 and WRAP Reality at May Event Hosting Law Enforcement Representatives from All 50 States CEO Kevin Mullins to Speak, and Company to Provide Demonstrations of BolaWrap 150 and WRAP Reality at May Event Hosting Law Enforcement Representatives from All 50 States

Wrap Technologies Announces Sponsorship of the Professional Networking Symposium Event at the Professionalizing Law Enforcement Community Engagement Training (PLECET) National Conference

TEMPE, Ariz., April 26, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will hold a video webcast on Wednesday, May 10, 2023 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial and operational results for the first quarter ended March 31, 2023. Financial and operational results will be issued in a press release prior to the call on the same day.

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