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 Q4 2020

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

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) 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.

Analysts Estimate Wrap Technologies, Inc. (WRAP) to Report a Decline in Earnings: What to Look Out for

Center Township of Indiana's Clinton County Donates System to Frankfort Police Department in Support of Enhancing Training for De-Escalation Center Township of Indiana's Clinton County Donates System to Frankfort Police Department in Support of Enhancing Training for De-Escalation

Indiana's First Police Agency Takes the Lead with Wrap Reality

TEMPE, Ariz., Oct. 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, October 28, 2021 at 4:30 p.m. Eastern time to discuss its financial and operational results for the third quarter ended September 30, 2021. Financial and operational results will be issued in a press release shortly after the market closes that same day.

WRAP Technologies Sets Third Quarter 2021 Conference Webcast for Thursday, October 28 at 4:30 PM ET

TEMPE, Ariz., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, announced today the release of its new BolaWrap 150 Remote Restraint device, the next generation of the previous BolaWrap 100 model. Today, more than 600 agencies in the U.S. and 44 countries have BolaWrap devices.

WRAP Unveils Highly-Anticipated Next Generation BolaWrap® 150 Remote Restraint Device

Company to host webcast on Tuesday, October 12th at 1pm ET Company to host webcast on Tuesday, October 12th at 1pm ET

WRAP to Introduce its Next Generation BolaWrap®

BolaWrap Field Use Continues to Increase as Result of Successful Deployments BolaWrap Field Use Continues to Increase as Result of Successful Deployments

Two New Bodycam Videos Highlight WRAP's BolaWrap® Effectiveness For Safer Policing Outcomes

2021 Lytham Partners Fall Investor Conference to be held on October 5 th LD Micro Main Event to be held on October 12 th

WRAP to Present at Two Upcoming Investor Conferences

Becky Newman to support Company's infrastructure to meet growing global demand for WRAP's BolaWrap® and Wrap Reality™ Becky Newman to support Company's infrastructure to meet growing global demand for WRAP's BolaWrap® and Wrap Reality™

WRAP Appoints UK Government Adviser and Law Enforcement Veteran as Vice President of International Customer Relations

Bodycam Illustrates Unpredictable Challenges of Safely Intervening with Person in Crisis and How BolaWrap Can Help Bodycam Illustrates Unpredictable Challenges of Safely Intervening with Person in Crisis and How BolaWrap Can Help

Washington, D.C. Area Officers Effectively Deploy BolaWrap® to Help Safely End Encounter

TEMPE, Ariz., Sept. 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 deployment in Auburn, Washington that helped officers safely restrain a violent subject in crisis. On September 6, 2021, Auburn Police Department responded to a violent subject throwing items at cars and threatening other physical violence.

Officers Successfully Deploy WRAP's BolaWrap® to Help Restrain Violent Subject in Crisis in Washington

TEMPE, Ariz., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, today announced Genova, Italy is launching a field trial of the BolaWrap. This announcement follows the Company's June demonstrations in Italy through its established distributor Defconservices, as was previously announced here.

Genova, Italy Police Department Deployment of WRAP's BolaWrap® Announced

TEMPE, Ariz., Sept. 07, 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 will be participating in the virtual Colliers Securities Institutional Conference on September 9th, and the virtual H.C. Wainwright 23rd Annual Global Investment Conference being held from September 13th - 15th,, 2021.

WRAP to Participate in Colliers Securities Institutional and H.C. Wainwright Global Investment Conferences (Virtual)

TEMPE, Ariz., Sept. 01, 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 double BolaWrap deployment in Houston, Texas. The video showed how the BolaWrap assisted officers in safely and humanely restraining a noncompliant subject in crisis. With approximately 5,300 officers and 1,200 civilian support personnel, Houston Police Department is the United States' fifth-largest municipal police department, serving its fourth-largest city. On June 16, 2021, Houston Police Department responded to a call about a subject who was trespassing, had a pocketknife, and seemed to be in crisis. The subject was uncooperative, so officers deployed two BolaWrap devices simultaneously. One wrapped around the subject's upper legs, and the other wrapped around his ankles, effectively subduing the subject. As a result, officers were able to safely approach and place the subject into handcuffs without force or injury. “The Houston Police Department officers on scene did an excellent job of communicating, preventing the encounter from escalating, and safely apprehending the subject,” said Tom Smith, CEO and President of WRAP. “This field use video highlights one of the crucial benefits of using the BolaWrap. Unlike other law enforcement tools where multiple uses on a suspect typically increase the risk of injury, the BolaWrap does not rely on pain compliance and can therefore be deployed numerous times on a single suspect. We are pleased to see another safe policing outcome with the help of our BolaWrap Remote Restraint solution.”

Houston Police Deploy Two BolaWrap® Devices Simultaneously to Help Safely Restrain Subject

Dever previously architected VR and AR Solutions for the U.S. Navy and will now expand WRAP's VR training platform powered by Amazon Web Services Dever previously architected VR and AR Solutions for the U.S. Navy and will now expand WRAP's VR training platform powered by Amazon Web Services

Virtual Reality Executive Clark Dever Named VP of Product Management for Wrap Reality™

Follows Demonstration to Miami Mayor and City Council Follows Demonstration to Miami Mayor and City Council

WRAP Announces Initial Miami Police Department Order for BolaWrap® Remote Restraint Devices

TEMPE, Ariz., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the “Company” or “WRAP”) (Nasdaq: WRAP), a global leader in innovative public safety technologies and services, released an interview featuring WRAP CEO Tom Smith, Amazon Web Services Leader of Justice and Public Safety Ryan Reynolds, and Miami Police Chief Art Acevedo during which they discussed the Wrap Reality virtual reality (VR) training platform and the potential positive impact of VR on law enforcement training. The discussion can be viewed here. “With VR training, you can train daily, and in as little as five to ten minutes a day, you can really create well-trained officers with good instincts and with good muscle memory,” said Chief Acevedo during the discussion. “You're going to see, virtual reality is going to end up taking most of the bandwidth in terms of how much training time is spent. We're going to be able to give immediate feedback, and in the VR environment, you're going to be able to see everything you did - what you did wrong, what you did the right way, what you can do better - to debrief and learn almost in real-time. This is something that is here, and I think in the next 12 to 36 months, it is going to be widespread, and I hope here at Miami PD that we're going to be the front end of this wave, this revolution.” “The inbound requests we are receiving from agencies for quotes and more information about Wrap Reality reflect the demand for our platform as we continue to develop new modules while strengthening its functionalities with Amazon Web Services,” said Tom Smith. “We are excited about the opportunity to help agencies amplify their training in a way that's effective and affordable.” WRAP recently announced its collaboration with Amazon Web Services (AWS) to enhance Wrap Reality's law enforcement training platform through AWS GovCloud (US). About WRAP WRAP Technologies (Nasdaq: WRAP) is a global leader in innovative public safety technologies and services. WRAP develops creative solutions to complex issues and empowers public safety officials to protect and serve their communities through its portfolio of advanced technology and training solutions.  WRAP's BolaWrap® Remote Restraint device is a patented, hand-held pre-escalation and apprehension tool that discharges a Kevlar® tether to temporarily restrain uncooperative suspects and persons in crisis from a distance. Through its many field uses and growing adoption by agencies across the globe, BolaWrap is proving to be an effective tool to help law enforcement safely detain persons without injury or the need to use higher levels of force. Wrap Reality, the Company's virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform providing first responders with the discipline and practice in methods of de-escalation, conflict resolution, and use-of-force to better perform in the field. WRAP's headquarters are in Tempe, Arizona. For more information, please visit wrap.com. Follow WRAP here: WRAP on Facebook: https://www.facebook.com/wraptechnologies/ WRAP on Twitter: https://twitter.com/wraptechinc WRAP on LinkedIn: https://www.linkedin.com/company/wraptechnologies/ Trademark Information

WRAP Holds Thought Leadership Discussion with Amazon Web Services Executive and Miami Police Chief on the Future of VR Training in Law Enforcement

RCMP Classifies BolaWrap 100 exempt as a prohibited device or firearm RCMP Classifies BolaWrap 100 exempt as a prohibited device or firearm

Royal Canadian Mounted Police (RCMP) Classification of WRAP's BolaWrap® Device Expected to Broaden Sales in Canada

Centennial Resource Development

Latch

MarketWise

Outbrain

Orchard Therapeutics plc - ADR

With the trading day more than halfway over, the broad markets had made a comeback from the open but for the most part they were still negative.

Wednesday Afternoon Analyst Upgrades and Downgrades: Centennial Resource Development, Latch and More

Investors might be too early on this idea.

Bear of the Day: Wrap Technologies (WRAP)

TEMPE, Ariz., Aug. 17, 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 following a successful BolaWrap deployment in Tempe, Arizona that assisted officers to safely and humanely restrain a noncompliant individual in a crisis.

New Bodycam Footage of Officers Using WRAP's BolaWrap® to Help De-escalate Crisis Situation

Knapp leads subject matter experts in guiding Wrap Reality's comprehensive training platform

WRAP Appoints Law Enforcement Industry Veteran Mario Knapp as Vice President of Training

CEO Tom Smith to discuss recent corporate & financial highlights and its BolaWrap® and Wrap Reality™ family of products CEO Tom Smith to discuss recent corporate & financial highlights and its BolaWrap® and Wrap Reality™ family of products

WRAP to Join Benzinga All Access Show on Friday, August 13, 2021

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

News for Wrap Technologies Stock (WRAP)