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' (WRAP) CEO Tom Smith on Q4 2020 Results - Earnings Call Transcript

Wrap Technologies, Inc. (WRAP) delivered earnings and revenue surprises of 0.00% and 12.30%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Wrap Technologies, Inc. (WRAP) Reports Q4 Loss, Tops Revenue Estimates

Shares of Wrap Technologies (NASDAQ:WRAP) rise in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 11.11% over the past year to ($0.10), which were in line with the estimate of ($0.10).

Recap: Wrap Technologies Q4 Earnings

TEMPE, Ariz., March 04, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced results for its fourth quarter and fiscal year ended December 31, 2020.

Wrap Reports Fourth Quarter 2020 Results

Wrap Technologies Inc

TEMPE, Ariz., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), an innovator of modern policing solutions, today reported seven new BolaWrap deployments on suspects in the field by agencies in New York, California, Texas, and South Carolina. The Company was informed of the deployments over the last two weeks. These wraps are in addition to the deployment by the Buffalo Police Department reported by the media earlier this week.

WRAP Reports New BolaWrap Deployments

TEMPE, Ariz., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), an innovator of modern policing solutions, reported the successful deployment of the BolaWrap by the Buffalo Police Department while responding to a mental health call of a woman in crisis on Friday.

Buffalo Police Department Deploy BolaWrap to Detain Woman During Mental Health Call

TEMPE, Ariz., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), an innovator of modern policing solutions, will hold a Zoom video webcast on Thursday, March 4, 2021 at 4:30 p.m. Eastern time to discuss its financial and operational results for the fourth quarter and full year ended December 31, 2020. Financial and operational results will be issued in a press release prior to the webcast.

WRAP Sets Fourth Quarter and Full Year 2020 Conference Webcast for Thursday, March 4, 2021 at 4:30 p.m. ET

TEMPE, Arizona, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), an innovator of modern policing solutions, announced today the appointment of Kathleen O'Toole, retired Commissioner of Boston and Seattle Police Departments, and Sylvia Moir, retired Chief of Tempe Police Department, to join the Company's public safety technology development and agency relations efforts.

Former Police Chiefs Kathleen O'Toole and Sylvia Moir Join WRAP as Senior Advisors

TEMPE, Ariz., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), an innovator of modern policing solutions, announced today international reorders and a growing number of new and repeat domestic orders for BolaWrap® products and accessories.

WRAP Announces New International Orders and Growing Number of Domestic Orders

Acquisition Enhances BolaWrap Law Enforcement Training with Immersive 3D Scenarios and Creates New Opportunities for Fully-Integrated Training Solutions for First Responders Acquisition Enhances BolaWrap Law Enforcement Training with Immersive 3D Scenarios and Creates New Opportunities for Fully-Integrated Training Solutions for First Responders

WRAP Acquires Virtual Reality Training Provider, NSENA Inc.

TEMPE, Ariz., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), an innovator of modern policing solutions, announced today that police in the City of Beaufort, South Carolina safely subdued a subject using the BolaWrap Remote Restraint device. The BolaWrap allowed the officers on the scene to take the subject into custody without injury to either themselves or the subject.

New Bodycam Footage Captures BolaWrap® Deployment in South Carolina

TEMPE, Ariz., Dec. 14, 2020 (GLOBE NEWSWIRE) -- WRAP Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), an innovator of modern policing solutions, today announced that WRAP President and Interim CEO Tom Smith will be presenting at the 13th annual LD Micro Main Event on Tuesday, December 15th, 2020 from 1pm – 1:20pm ET.

WRAP to Present at the LD Micro Virtual Conference Main Event On Tuesday, December 15, 2020

TEMPE, Ariz., Dec. 10, 2020 (GLOBE NEWSWIRE) -- WRAP Technologies, Inc. (the “Company” or “ WRAP ”) (Nasdaq: WRAP ), an innovator of modern policing solutions, announced today that it bid and was selected by the United Kingdom Ministry of Defence into their Defence and Security Accelerator (DASA) for ‘Advancing Less Lethal Weapons.'

WRAP Selected Into United Kingdom Ministry of Defence Accelerator Program

TEMPE, Ariz., Nov. 30, 2020 (GLOBE NEWSWIRE) -- W rap Technologies, Inc. (the “Company” or “ WRAP ”) (Nasdaq: WRTC ), an innovator of modern policing solutions, announced today that Virginia Police Department in Minnesota captured a successful deployment of the BolaWrap® Remote Restraint device on bodycam earlier this month. WRAP will be releasing the bodycam footage tomorrow morning during a live we b inar at 10amET on Zoom.

BolaWrap® Captured On Bodycam in Minnesota

TEMPE, Arizona, Nov. 30, 2020 (GLOBE NEWSWIRE) -- W rap Technologies, Inc. (the “Company” or “ WRAP ”) (Nasdaq: WRTC), an innovator of modern policing solutions, today announced that the Company's ticker symbol on Nasdaq will change to “WRAP” from “WRTC”. Trading under the new ticker symbol will began at the market open on Tuesday, December 1, 2020.

News for Wrap Technologies Stock (WRAP)