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., May 27, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, released new dashcam footage of a successful BolaWrap® Remote Restraint deployment in Washington.

WRAP Reports Successful Deployment of BolaWrap® Used on Fleeing Subject Outside Seattle

Northern York County Regional Police Chief David Lash Discusses Implementation of VR Training Simulator Northern York County Regional Police Chief David Lash Discusses Implementation of VR Training Simulator

First Agency Deploys De-escalation Platform of WRAP Reality and BolaWrap

TEMPE, Ariz., May 13, 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 deployment in Minnesota.

Officers Use BolaWrap® to Restrain Subject After Mother Calls About Son in Crisis

Bodycam Shows Trained Officer Using BolaWrap to Apprehend Subject Indoors Without Injury Bodycam Shows Trained Officer Using BolaWrap to Apprehend Subject Indoors Without Injury

BolaWrap De-escalates Volatile Situation in Pennsylvania

TEMPE, Ariz., May 05, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, reported new data on BolaWrap uses in real-world law enforcement field situations. The first 50 field uses reported to WRAP by police agencies from across the United States resulted in an over 80% effective rate as tabulated by WRAP.

WRAP Reports on Documented BolaWrap Remote Restraint Device Field Uses

TEMPE, Ariz., May 04, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, reported that the Los Angeles Board of Police Commissioners (“Commission”) has approved a one-year extension of the BolaWrap pilot program (“BolaWrap Pilot Program”), an item on the agenda for the Commission's May 4, 2021 Special Meeting, which took place earlier today.

LAPD Board of Police Commissioners Approves One-Year BolaWrap Pilot Program Extension

Wrap Technologies, Inc. (WRAP) CEO Tom Smith on Q1 2021 Results - Earnings Call Transcript

Wrap Technologies, Inc. (WRAP) delivered earnings and revenue surprises of -40.00% and -3.02%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Wrap Technologies, Inc. (WRAP) Reports Q1 Loss, Misses Revenue Estimates

Growing U.S. and International Demand Drives Solid 123% Year-Over-Year Revenue Growth to $1.5 Million Growing U.S. and International Demand Drives Solid 123% Year-Over-Year Revenue Growth to $1.5 Million

WRAP Reports First Quarter 2021 Results

TEMPE, Ariz., April 28, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, announced a collaboration agreement with Wheaton College, Wheaton, Illinois. The Center for Faith, Politics & Economics – an interdisciplinary program between the Departments of Business, Economics, Political Science, and International Relations at Wheaton College – will use the WRAP Reality training platform with students who will experience de-escalation training to help ensure programs are current and aligned with community values.

WRAP Announces Collaboration with Wheaton College on WRAP Reality Training Platform

TEMPE, Ariz., April 27, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, released new dashcam footage of a successful BolaWrap deployment in Washington.

WRAP Releases New Dashcam Footage of Successful BolaWrap® Use in Washington

TEMPE, Ariz., April 23, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, today announced the appointment of four new independent members to its Board of Directors.

WRAP Appoints Four New Independent Board Members

TEMPE, Ariz., April 22, 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 earned ISO 9001:2015 certification for its Quality Management System. The internationally recognized standard, developed and published by the International Organization for Standardization (ISO), is based on several quality management principles, including a strong customer focus, the motivation and implication of top management, the process approach, and continual improvement. The scope of WRAP's certification includes design, manufacturing, assembly, training, sales and service.

WRAP Awarded ISO 9001:2015 Certification Marking Compliance with International Quality Standards

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Wrap Technologies, Inc. (WRAP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Wrap Technologies, Inc. (WRAP) Soars 8.5%: Is Further Upside Left in the Stock?

Nine New BolaWrap Deployments in Eight States Reported to the Company in March and April Thus Far Nine New BolaWrap Deployments in Eight States Reported to the Company in March and April Thus Far

WRAP Releases New Bodycam Footage in Maryland of Successful Use of BolaWrap®

TEMPE, Ariz., April 14, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, will hold a Zoom video webcast on Thursday, April 29, 2021 at 4:30 p.m. Eastern time to discuss its financial and operational results for the first quarter ended March 31, 2020. Financial and operational results will be issued in a press release prior to the webcast.

WRAP Sets First Quarter 2021 Conference Webcast for Thursday, April 29 at 4:30 p.m. ET

TEMPE, Ariz., April 08, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, today announced the launch of its Environmental, Social & Governance, or ESG, program, formalizing its commitment to establishing and maintaining an ongoing focus on environmental, social and governance matters.

WRAP Launches Environmental, Social and Governance (ESG) Program

Orders include BolaWrap remote restraint devices for a new country, WRAP footprint now in 37 countries Orders include BolaWrap remote restraint devices for a new country, WRAP footprint now in 37 countries

WRAP Announces Two New International Orders

Pennsylvania's Northern York County Regional Police Signs Five-Year Subscription to WRAP Reality Pennsylvania's Northern York County Regional Police Signs Five-Year Subscription to WRAP Reality

WRAP Announces Milestone First Subscription Agreement for Virtual Reality Training

TEMPE, Ariz., March 25, 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 deployment restraining a non-compliant subject.

WRAP Releases New Bodycam Footage of Successful BolaWrap® Use to Restrain Non-Compliant Subject

TEMPE, Ariz., March 23, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, announced that WRAP CEO Tom Smith will present at the Q1 Virtual Investor Summit live to an online audience today at 12 pm Eastern Time. The fully immersive conference features live presentations from CEOs of small and mid-cap companies across multiple industries and one-on-one meetings with qualified investors.

WRAP CEO Tom Smith to Present at Virtual Investor Summit Today at 12 pm ET

TEMPE, Ariz., March 22, 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 WRAP Training Academy will be exhibiting at the 2021 ILEETA Expo and demonstrating the BolaWrap and WRAP Reality training platform to law enforcement trainers during the conference.

WRAP to Present BolaWrap® and WRAP Reality™ at the International Law Enforcement Educators and Trainers Association (ILEETA) Conference

Presenting Innovative Small and Mid-Cap Companies in Healthcare, Industrials, Electric Vehicles, TMT, and Consumer Products Presenting Innovative Small and Mid-Cap Companies in Healthcare, Industrials, Electric Vehicles, TMT, and Consumer Products

WRAP to Participate in M Vest LLC and Maxim Group LLC Inaugural Emerging Growth Virtual Conference

TEMPE, Ariz., March 09, 2021 (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 participate in the 4th Annual D.A. Davidson Consumer Growth Conference being held virtually. Tom Smith, CEO, is presenting at the conference on Thursday, March 11th at 2:45 pm ET. The fireside chat format will be hosted by D.A. Davidson Managing Director and Senior Analyst Linda Bolton Weiser.

News for Wrap Technologies Stock (WRAP)