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.

Wrap Technologies, Inc. (NASDAQ:WRAP ) Q2 2022 Earnings Conference Call August 10, 2022 4:30 PM ET Company Participants Paul Manley - Vice President of Investor Relations TJ Kennedy - Chief Executive Officer Kevin Mullins - President Chris DeAlmeida - Chief Financial Officer Conference Call Participants Gregory Gibas - Northland Capital Markets Allen Klee - Maxim Group Jon Hickman - Ladenburg Thalmann Paul Manley Good afternoon, and welcome to the Wrap Technologies Second Quarter 2022 Earnings Conference Call. My name is Paul Manley, and I'm Vice President of Investor Relations.

Wrap Technologies, Inc. (WRAP) CEO TJ Kennedy on Q2 2022 Results - Earnings Call Transcript

TEMPE, Ariz., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced an international sale of its next-generation technology, the BolaWrap 150 remote restraint device, to a new customer base in the Middle East.

Wrap Announces New International Sale of BolaWrap 150 in the Middle East

TEMPE, Ariz., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced results for the second quarter ended June 30, 2022.

Wrap Technologies Reports Second Quarter 2022 Results

TEMPE, Ariz., July 29, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today shared new agency body cam footage demonstrating another successful outcome from the deployment of a BolaWrap remote restraint device with a noncompliant subject during a rainstorm.

New Body Cam Footage Presents Successful Use of BolaWrap in Oregon

TEMPE, Ariz., July 28, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies , Inc. (Nasdaq : WR AP ) (the “Company”), a global leader in innovative public safety technologies and services, today announced that it will hold a Zoom video webcast on Wednesday, August 10, 2022, at 5:00 p.m. Eastern time to discuss its financial and operational results for the second quarter ended June 30, 2022. Financial and operational results will be issued in a press release shortly after the market closes that same day.

Wrap Technologies, Inc. Announces Release Date for Second Quarter 2022 Results

TEMPE, Ariz., July 25, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced the appointment of Chris DeAlmeida to be the company's new Chief Financial Officer (CFO). Chris replaces Jim Barnes, who is retiring as CFO.

Wrap Announces the Appointment of New CFO Chris DeAlmeida

TEMPE, Ariz., July 21, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced a sale of its Societal Reentry Virtual Reality Enterprise Platform to the Pennsylvania Department of Corrections.

Wrap Announces Sale of Wrap Reality Societal Reentry Enterprise Platform

TEMPE, Ariz., July 19, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today shared new agency body cam footage demonstrating the successful outcome from the deployment of a BolaWrap 150 remote restraint device.

Wrap Shares Body Cam Footage of Successful Prevention of Escalation with BolaWrap 150 Deployment on a Call to a Subject with a Knife

TEMPE, Ariz., July 06, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced the sale of its Societal Reentry Virtual Reality Software to a corrections agency in Ohio as the Company continues to expand into other customer segments.

Wrap Announces First Sale of Wrap Reality Inmate Societal Reentry Software

TEMPE, Ariz., June 28, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today shared new agency body cam footage demonstrating another successful outcome from the deployment of the BolaWrap® Remote Restraint device.

Wrap Shares New Body Cam Footage Demonstrating Successful Deployment of BolaWrap

Wrap Technologies Inc (NASDAQ: WRAP) shares are trading lower by 5.96% to $2.21, possibly due to profit-taking. The stock ran higher last week in possible anticipation of protests after the US Supreme Court overturned Roe vs Wade.

What's Going On With Wrap Technologies Shares Falling Today?

Wrap Technologies, Inc. (NASDAQ: WRAP) shares are trading higher in possible anticipation of protests after the US Supreme Court overturned Roe vs Wade. The company develops policing solutions to law enforcement and security personnel.

Why Wrap Technologies Shares Are Rising

Meeting and Management Presentation at 9:00 A.M. PT on June 23, 2022 Meeting and Management Presentation at 9:00 A.M. PT on June 23, 2022

WRAP to Hold Virtual 2022 Annual Meeting of Stockholders

TEMPE, Ariz., June 15, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced an official endorsement from the National De-escalation Training Center (NDTC) for the Company's BolaWrap Remote Restraint technology.

Wrap Announces Endorsement from the National De-escalation Training Center for its BolaWrap Technology

TEMPE, Ariz., June 07, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today welcomes Carlos Casas as the new Vice President of Sales & Marketing. Casas will be responsible for implementing a global sales strategy and leading Wrap's team of experts to meet projected sales goals.

Wrap Appoints Sales Executive Carlos Casas as VP of Sales & Marketing

TEMPE, Ariz., May 26, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that the Company will be presenting at the LD Micro by SRAX Invitational XII event at Four Seasons, Westlake Village, California, June 7-9, 2022. Wrap is helping save lives through innovative pre-escalation technology and de-escalation training and tools that help keep officers and the public safe.

Wrap Technologies to Present at LD Micro by SRAX Invitational XII Investor Conference

TEMPE, Ariz., May 23, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that it has received a purchase order for Wrap Reality, the Company's fully immersive, virtual reality training simulation system from a County Sheriff's Office in Kentucky.

Wrap Announces Five Year Subscription Sale of Wrap Reality Virtual Reality Training Software

Wrap Technologies, Inc. (NASDAQ:WRAP ) Q1 2022 Earnings Conference Call May 3, 2022 4:30 PM ET Paul Manley Good afternoon, and welcome to the Wrap Technologies First Quarter 2022 Earnings Conference Call. My name is Paul Manley, and I'm Vice President of Investor Relations.

Wrap Technologies, Inc. (WRAP) CEO T. Kennedy on Q1 2022 Results - Earnings Call Transcript

TEMPE, Ariz., May 03, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced results for the first quarter ended March 31, 2022.

Wrap Technologies Reports First Quarter 2022 Results

TEMPE, Ariz., April 25, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that it will report first quarter fiscal 2022 results after the market closes on Tuesday, May 3, 2022. The Company will host an investor conference call at 4:30 pm ET on the same day to review its results. This call and all supplemental information can be accessed on Wrap's investor relations website: https://wrap.com/investors/

Wrap Technologies, Inc. Announces Release Date for First Quarter 2022 Results

TEMPE, Ariz., April 25, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced that its Board of Directors (the “Board”) has, effective as of April 19, 2022, granted Kevin Mullins an equity award as an inducement to enter into his employment as Wrap's President, in accordance with NASDAQ Listing Rule 5635(c)(4).

Wrap Technologies Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

TEMPE, Ariz.--(BUSINESS WIRE)--Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today announced that it has appointed TJ Kennedy as Chief Executive Officer and Kevin Mullins as President, effective immediately. The appointments of Messrs. Kennedy and Mullins reflect Wrap's commitment to evolving and maturing as a technology company in the rapidly growing public safety solutions market. They have decades of e

Wrap Technologies Appoints TJ Kennedy as CEO and Kevin Mullins as President

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Healthy demand for cyber and other security products and the need to ensure the safety & security of infrastructure are aiding players in the Zacks Security and Safety Services industry. JCI, KNBE, VRRM & WRAP are a few promising stocks in the industry.

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TEMPE, Ariz., March 23, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that the Company will be participating in the 2022 Virtual Growth Conference, presented by Maxim Group LLC and Hosted by M-Vest on March 28-30, 2022, from 9:00 a.m. to 5:00 p.m. EDT.

Wrap Technologies to Participate in the 2022 Virtual Growth Conference by Maxim Group LLC on March 28-30, 2022

Wrap Technologies, Inc. (WRAP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

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