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., April 26, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will hold a video webcast on Wednesday, May 10, 2023 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial and operational results for the first quarter ended March 31, 2023. Financial and operational results will be issued in a press release prior to the call on the same day.

Wrap Technologies, Inc. to Report First Quarter 2023 Financial Results on Wednesday, May 10, 2023 at 5:00 p.m. ET

Outlines Meaningful Cost Reductions to Support Greater Efficiency Without Inhibiting the Company's Ability to Monetize Its Robust Sales Pipeline

Wrap Technologies Announces CEO Change and Preliminary Estimated Financial Results for Q1 2023

TEMPE, Ariz., March 17, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc . (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will host a third edition of its Investor Insights webcast on March 23, 2023. During the webcast, Wrap executives will recap the Company's attendance at the World Police Summit and take related questions from investors.

Wrap® to Host Investor Insights Webcast on March 23, 2023

Wrap Technologies, Inc. (NASDAQ:WRAP ) Q4 2022 Earnings Conference Call March 1, 2023 5:00 PM ET Company Participants Christopher DeAlmeida - CFO TJ Kennedy - CEO & Director Kevin Mullins - President Conference Call Participants Gregory Gibas - Northland Capital Markets Christopher DeAlmeida Good afternoon, and welcome to Wrap Technologies Fourth Quarter and Full Year 2022 earnings conference call. Joining me today are Wrap Technologies Chief Executive Officer; T.J.

Wrap Technologies, Inc. (WRAP) Q4 2022 Earnings Call Transcript

Record Revenues for Fourth Quarter and Full Year Highlighted by Largest BolaWrap 150 Orders in the Company's History

Wrap Technologies, Inc. Reports Fourth Quarter and Full Year 2022 Results

TEMPE, Ariz., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will hold a video webcast on Wednesday, March 1, 2023 at 5:00 p.m. Eastern time (3:00 p.m. Mountain time) to discuss its financial and operational results for the fourth quarter and full year ended December 31, 2022. Financial and operational results will be issued in a press release prior to the call on the same day.

Wrap Technologies, Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on Wednesday, March 1, 2023 at 5:00 p.m. ET

TEMPE, Ariz., Feb. 14, 2023 (GLOBE NEWSWIRE) --   Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today shared new body-worn camera footage from the Alton, Texas Police Department. The footage highlights the effectiveness of the Company's BolaWrap® Remote Restraint device in resolving potentially dangerous situations.

Officers Successfully Deploy BolaWrap® to Safely Apprehend Suspect Involved in a Domestic Dispute in Alton, TX

TEMPE, Ariz., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, today launched its Use of Force Reduction Guarantee, an industry first. Wrap's new program will guarantee that its BolaWrap® product will result in a 10% or greater reduction in an agency's use of force, or it will buy back the agency's devices.

Wrap® Launches Use of Force Reduction Guarantee

TEMPE, Ariz., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc . (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will host a second edition of its Investor Insights webcast on February 15, 2023. During the webcast, Wrap executives will discuss the outcomes of a recent body worn camera usage of BolaWrap® as well as take related questions from investors.

Wrap® to Host Investor Insights Webcast

TEMPE, Ariz., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, has shared new agency body-worn camera footage provided by the Columbia Missouri Police Department. This footage demonstrates how the deployment of the BolaWrap® Remote Restraint device helps officers take an individual safely into protective custody without causing pain or harm to the individual or the officers.

Officers Successfully Deploy BolaWrap® to Safely Take Into Protective Custody Someone Experiencing an Apparent Behavioral Health Crisis in Columbia, Missouri

TEMPE, Ariz., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc . (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will host an investor webinar on February 1, 2023, to discuss how BolaWrap® is a non-pain compliance tool, how it fits into the use of force continuum, and then review a recent body worn camera video.

Wrap Technologies to Host an Investor Webinar

TEMPE, Ariz., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc . (Nasdaq: WRAP) (“WRAP” or the “Company”), a global leader in innovative public safety technologies and services, has been invited to present at Lake Street's Take Aim Conference, which is being held virtually on January 25-26, 2023.

Wrap Technologies to Present at Lake Street's Take Aim Conference

Today, we put Wrap Technologies, Inc. in the spotlight for the first time. The company's non-lethal product offerings have won acceptance with police agencies across the country.

Wrap Technologies: Unfulfilled Promise

TEMPE, Ariz., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc . (Nasdaq: WRAP) (“WRAP” or the “Company”), a global leader in innovative public safety technologies and services, today announced the full deployment of BolaWrap 150® remote restraint devices covering multiple law enforcement agencies in Montgomery County, Texas. The sale was funded through a grant awarded by the Court of Commissioners of Montgomery County. The agencies that will be fully equipped are the Montgomery County Sheriff's Office, all five Montgomery County Constable Offices, and the Montgomery County Fire Marshal's Office.

Wrap Technologies Announces Full Deployment of BolaWrap 150® Remote Restraint Devices Across Montgomery County, Texas

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Acquisition and Partnership Allows for an Accelerated Go-To-Market Cloud-Based Virtual Reality Training Platform Acquisition and Partnership Allows for an Accelerated Go-To-Market Cloud-Based Virtual Reality Training Platform

Wrap Announces Technology Acquisition and Partnership with Lumeto, Inc. to Expand its Wrap Reality Training Platform

Wrap Technologies, Inc. (NASDAQ:WRAP ) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants TJ Kennedy - Chief Executive Officer Chris DeAlmeida - Chief Financial Officer Kevin Mullins - President Conference Call Participants Greg Gibas - Northland Capital Markets Allen Klee - Maxim Group LLC Operator Good afternoon. Welcome to the Wrap Technologies Third Quarter 2022 Earnings Conference Call.

Wrap Technologies, Inc. (WRAP) Q3 2022 Earnings Call Transcript

Wrap Technologies, Inc. (WRAP) delivered earnings and revenue surprises of 10% and 28.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Wrap Technologies, Inc. (WRAP) Reports Q3 Loss, Lags Revenue Estimates

TEMPE, Ariz., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc . (Nasdaq: WRAP) (“WRAP” or the “Company”), a global leader in innovative public safety technologies and services, today announced initial orders from two new international customers in South America and EMEA, respectively. These orders build on WRAP's current international sales momentum and are expected to begin contributing to net revenue growth in the fourth quarter of this year.

Wrap Announces New International Sales in South America and EMEA Regions

TEMPE, Ariz., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or the “Company”), a global leader in innovative public safety technologies and services, will hold a video webcast on Wednesday, November 9, 2022 at 5:00 p.m. Eastern time (3:00 p.m. Mountain time) to discuss its financial and operational results for the third quarter ended September 30, 2022. Financial and operational results will be issued in a press release prior to the call on the same day.

Wrap Technologies, Inc. to Report Third Quarter 2022 Financial Results on Wednesday, November 9, 2022 at 5:00 p.m. ET

Wrap Reality ADAPT Designed to Deliver Greater Flexibility to Capture New Real World Training Situations

Wrap Launches “Wrap Reality ADAPT,” a New Module to Its Current Virtual Reality Law Enforcement and Corrections Training Platform

TEMPE, Ariz., Sept. 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 LaGrange Police Department demonstrating a successful outcome from the deployment of the BolaWrap® Remote Restraint device.

Officers Successfully Deploy BolaWrap to Help Restrain Subject Having a Mental Health Crisis in LaGrange, Georgia

TEMPE, Ariz., Sept. 14, 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.

New Body Cam Footage Presents Successful Use of BolaWrap in Georgia to Help De-escalate Crisis Situation

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TEMPE, Ariz., Aug. 24, 2022 (GLOBE NEWSWIRE) --  Wrap Technologies, Inc. (Nasdaq: WRAP) (the “Company”), a global leader in innovative public safety technologies and services, today announced that the next deployment phase of the Los Angeles Police Department's (LAPD) BolaWrap Pilot program has now moved into a large-scale field deployment with (500) BolaWrap 150 devices in two important City of Los Angeles divisions.

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