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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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. (WRAP) Management on Q4 2021 Results - Earnings Call Transcript

Delivered 96% Full-Year Revenue Growth and Generated Increased Brand Awareness Across Markets

Wrap Technologies Reports Fourth Quarter and Full-Year 2021 Results

TEMPE, Ariz., March 08, 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 34th Annual Roth Conference on March 13-15, 2022, in Dana Point, California.

Wrap Technologies to Present at the 34th Annual Roth Conference on March 13-15, 2022

TEMPE, Ariz., March 01, 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 it will report fourth quarter and full year fiscal 2021 results after the market closes on Thursday, March 10, 2022. The Company will host an investor conference call at 5:00 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/. The dial information for the investor conference call:

Wrap Technologies Announces Release Date for Fourth Quarter and Full Year Fiscal 2021 Results

TEMPE, Ariz., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, announced that it has received a purchase order for WRAP Reality, the Company's fully immersive, virtual reality training simulation system from a College Police Department in Pennsylvania.

WRAP Receives Largest Subscription Order to Date for its WRAP Reality Virtual Training Platform

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 a leadership transition plan to support the next phase of its corporate strategy, which is focused on diversifying the Company's suite of products, offerings and services. The plan provides for the following: Chief Executive Officer Tom Smith will be stepping down as part of a mutually agreed upon separation and C

Wrap Technologies Announces Leadership Transition Plan to Support Next Phase of Corporate Strategy

TEMPE, Ariz., Jan. 20, 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 provided by the Pembroke Pines Police Department demonstrating a successful outcome from the deployment of the BolaWrap® Remote Restraint device.

WRAP Releases New Body Cam Video Deployment of BolaWrap in Pembroke Pines, Florida

TEMPE, Ariz., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that its President and CEO, Tom Smith, and VP of Investor Relations, Paul Manley, will be presenting at Take Aim: Lake Street's Shooting Sports & Public Safety Event on January 26, 2022 at 12:00pm CT.

Wrap Technologies to Present at Take Aim: Lake Street's Shooting Sports and Public Safety Event on January 26, 2022

TEMPE, Ariz., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today shared that the Edenton Police Department of North Carolina has engaged surrounding departments for live demonstrations of Wrap Reality, WRAP's virtual reality training platform.

Edenton Police Department Hosts Wrap Reality Virtual Training Platform Demonstrations for its Neighboring Law Enforcement Agencies

TEMPE, Ariz., Jan. 11, 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 a successful outcome from the simultaneous deployment of two BolaWrap® Remote Restraint devices.

Body Cam Video Demonstrates Successful Double Deployment of BolaWrap to Safely Restrain Disruptive Subject

TEMPE, Ariz., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced the first order for its BolaWrap 150® Remote Restraint devices through the Arizona Municipal Risk Retention Pool (AMRRP) funding program announced on December 16, 2021.

WRAP Receives First Order Through the Arizona Municipal Risk Retention Pool Funding Program

TEMPE, Ariz., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that its President and CEO, Tom Smith, and VP of Investor Relations, Paul Manley, will be presenting at the 24th Annual Needham Virtual Growth Conference.

Wrap Technologies to Present at the Needham Virtual Growth Conference on January 11

TEMPE, Ariz., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced the international sale of 15,000 cartridges for its BolaWrap 100® remote restraint device.

WRAP Announces International Sale of 15,000 Cartridges for its BolaWrap Remote Restraint Device

TEMPE, Arizona, Jan. 04, 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 received and shipped an order for 100 BolaWrap 150 remote restraint devices from the Dominican Republic Ministry of Defense.

WRAP Announces Reorder of Next Generation BolaWrap 150 by the Dominican Republic Ministry of Defense

TEMPE, Ariz., Jan. 03, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced its partnership with the Emergency Response Training & Certification Association (ERTCA) and the Mansfield University Public Safety Training Institute (MUPSTI) to educate Pennsylvania and New York law enforcement in virtual reality training technology.

Wrap Technologies Announces Partnership to Share Virtual Reality Technology with Pennsylvania and New York Law Enforcement

TEMPE, Ariz., Dec. 27, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced the first international shipment of its next-generation technology, the BolaWrap 150® remote restraint device.

WRAP Announces First International Shipment of its Next-Generation BolaWrap 150 Remote Restraint Devices

TEMPE, Ariz., Dec. 22, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced the dismissal of the consolidated amended complaint in the case captioned In re Wrap Technologies, Inc. Securities Exchange Act Litigation (the “Action”), filed in the United States District Court for the Central District of California (the “Court”). As reported by the Company on November 18, 2021, the Court granted Wrap's motion to dismiss, but provided the plaintiff with leave to amend the complaint by December 6, 2021. Plaintiff failed to do so, and by Court order dated December 20, 2021, the claims have been dismissed with prejudice.

Wrap Technologies Announces Dismissal of Securities Class Action Complaint with Prejudice

TEMPE, Ariz., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that the Arizona Municipal Risk Retention Pool (AMRRP) Board of Trustees has voted unanimously to approve funding to assist its member police agencies statewide in procuring BolaWrap devices for active-duty police officers.

The Arizona Municipal Risk Retention Pool Approves Funding to Help Outfit 1,800+ Police Officers with BolaWrap Remote Restraint Devices

TEMPE, Ariz., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that, on November 15, 2021, the United States District Court for the Central District of California (the “Court”) granted the Company's motion to dismiss the consolidated amended complaint filed on behalf of a putative class of shareholders in In re Wrap Technologies, Inc. Securities Exchange Act Litigation, Case No. 20-8760-DMG (the “Action”). The lead plaintiff has been granted leave to file a second amended complaint by December 6, 2021.

Wrap Technologies Provides Update on Securities Class Action Complaint

TEMPE, Ariz., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that its President and CEO, Tom Smith, and VP of Investor Relations, Paul Manley, will be presenting at the Inflection Partners Fall Investment Conference titled, “Excellence in Execution.”

Wrap Technologies to Present at the Inflection Partners “Excellence in Execution” Conference on November 17

RCMP classifies BolaWrap 150 exempt as a prohibited device or firearm RCMP classifies BolaWrap 150 exempt as a prohibited device or firearm

WRAP's New BolaWrap® 150 Device Receives Classification from Royal Canadian Mounted Police (RCMP)

Sainte-Anne Police Department in Manitoba, Canada near Winnipeg Sainte-Anne Police Department in Manitoba, Canada near Winnipeg

WRAP Reports First Law Enforcement Agency in Canada with Active-Duty Officers Carrying BolaWrap®

TEMPE, Ariz., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, announced the release of a new bodycam footage of a successful deployment of the BolaWrap device in Indianapolis, Indiana. Officers responding to the call were able to safely restrain a noncompliant subject in crisis.

Indianapolis Metro Police Department Successfully Deploys BolaWrap® Safely Restraining Subject in Crisis

TEMPE, Ariz., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, today announced that its President and CEO, Tom Smith, and VP of Investor Relations, Paul Manley, will present at the Ladenburg Thalmann Virtual Technology Expo.

Wrap Technologies to Present at Ladenburg Thalmann Virtual Technology Expo on November 18th

Wrap Technologies Inc. (WRAP) CEO Tom Smith on Q3 2021 Results - Earnings Call Transcript

News for Wrap Technologies Stock (WRAP)