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., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, announced the release of new bodycam footage following a successful BolaWrap deployment in Bayfield, Colorado that assisted officers to safely and humanely restrain a woman experiencing a mental health crisis.

Colorado Officers Successfully Deploy WRAP's BolaWrap® to Restrain Woman in Crisis

TEMPE, Ariz., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, today published its initial Environment, Social and Governance (ESG) letter to stakeholders. The letter outlines the WRAP's commitment and initiatives across a diverse range of topics that the Company is currently tracking in its ESG program, including diversity across WRAP's board, executive management, and employees, as well as goals and objectives for future reports.

WRAP Publishes Initial Environmental, Social and Governance Letter

Department also releases bodycam field use videos Department also releases bodycam field use videos

WRAP Reports Hillsborough Sheriff Department Purchases BolaWrap® Devices Following Successful Pilot Program

Follow-On International Order for 1,500 BolaWrap Devices Subsequent to Virtual Demonstration Follow-On International Order for 1,500 BolaWrap Devices Subsequent to Virtual Demonstration

WRAP Announces Largest Single Purchase Order for BolaWrap® Remote Restraint Devices

Wrap Reality will utilize AWS GovCloud (US) for Service, Delivery, and Storage

WRAP Announces New VR Training Platform Powered by Amazon Web Services

Wrap Technologies, Inc. (WRAP) CEO Tom Smith on Q2 2021 Results - Earnings Call Transcript

Wrap Technologies, Inc. (WRAP) delivered earnings and revenue surprises of -53.85% and 8.65%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Wrap Technologies, Inc. (WRAP) Reports Q2 Loss, Tops Revenue Estimates

Revenue Growth of 132% Year-Over Year, and Sequential Revenue Growth of 27% as Company Continues to Expand Worldwide as a Leader in Modern Police Technology Revenue Growth of 132% Year-Over Year, and Sequential Revenue Growth of 27% as Company Continues to Expand Worldwide as a Leader in Modern Police Technology

Wrap Technologies Reports Second Quarter 2021 Results

Wrap Technologies, Inc. (WRAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Wrap Technologies, Inc. (WRAP) Q2 Earnings Expected to Decline

Justice Department Funding Bill Highlights Importance of Police Training, Humane Remote Restraint Devices

WRAP Applauds House Appropriations Committee Report

TEMPE, Ariz., July 20, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, will hold a Zoom video webcast on Thursday, July 29, 2021 at 4:30 p.m. Eastern time to discuss its financial and operational results for the second quarter ended June 30, 2021. Financial and operational results will be issued in a press release shortly after the market closes that same day.

WRAP Sets Second Quarter 2021 Conference Webcast for Thursday, July 29 at 4:30 PM ET

TEMPE, Ariz., July 14, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, announced today that it has been accepted as a signatory member of the United Nations Global Compact. This compact represents the world's largest corporate citizenship initiative which includes more than 9,000 companies and 3,500 organizations.

WRAP Joins United Nations Global Compact

Former Axon Enterprises product leader to continue advancing BolaWRAP family of products

WRAP Appoints Public Safety Technology Executive Glenn Hickman as Chief Operating Officer

Virtual training and simulation market projected to reach $601 billion by 2027 driven in part by law enforcement, defense & security industries Virtual training and simulation market projected to reach $601 billion by 2027 driven in part by law enforcement, defense & security industries

Princeton Police Department to Implement WRAP Reality Virtual Training Platform

Meeting and Management Presentation at 9:00 A.M. PT on June 22, 2021 Meeting and Management Presentation at 9:00 A.M. PT on June 22, 2021

WRAP to Hold Virtual 2021 Annual Meeting of Stockholders

TEMPE, Ariz., June 21, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “Wrap”) (Nasdaq: WRAP) today announced that the exercise period of warrants issued in connection with the Company's 2019 offering of units consisting of common stock and warrants (the “2019 Unit Financing”) expired on Friday, June 18, 2021 and unexercised warrants are no longer exercisable.

Wrap Technologies Announces Expiration of Warrants; 99% of Warrants Exercised Providing $12.5 Million in Proceeds

BolaWrap proving effective in situations requiring non-violent restraint

WRAP to Participate in “Safer Use of Force” Discussion at United Kingdom Healthcare's Restraint & Safety Conference

MIAMI, June 11, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, conducted a demonstration of the BolaWrap for the Miami Police Department followed by a second demonstration at Miami's City Hall for the City Commissioners, Miami Mayor Francis Suarez and local media.

WRAP Demonstrates the BolaWrap® for Miami Police Department, City Commissioners, and Mayor

TEMPE, Ariz., June 10, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, released new bodycam footage of a successful BolaWrap® Remote Restraint deployment in New Kent, Virginia.

Officers Use BolaWrap® on Subject in Crisis in Virginia

Company recently announced that the BolaWrap remote restraint device is now approved for sale in Italy and that the LAPD BolaWrap Pilot Program extension begins in Q3 2021

WRAP to Highlight Law Enforcement Solutions at Lytham Partners Summer 2021 Investor Conference on June 16, 2021 at 3:30 p.m. ET

TEMPE, Ariz., June 08, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, released new bodycam footage of another successful BolaWrap® Remote Restraint deployment, this time in the Company's hometown of Tempe, Arizona.

BolaWrap® First Hometown Use – Safely Assists Officers to Restrain Moving Subject

One-year pilot extension to commence in Q3 2021 One-year pilot extension to commence in Q3 2021

WRAP Provides Update on LAPD BolaWrap Pilot Program Extension

Italy becomes 44th country to receive BolaWrap technology Italy becomes 44th country to receive BolaWrap technology

BolaWrap® Remote Restraint Devices Approved for Sale in Italy

Company reported 123% year-over-year revenue growth for Q1 2021, driven by strong U.S. and international demand for the BolaWrap remote restraint device Company reported 123% year-over-year revenue growth for Q1 2021, driven by strong U.S. and international demand for the BolaWrap remote restraint device

News for Wrap Technologies Stock (WRAP)