Wrap Technologies Inc Stock Price, News & Analysis

Wrap (NASDAQ: WRAP) completed a live-field trial of its MERLIN-Interdictor Drone-First-Responder (DFR-X) payload on Oct 30, 2025, demonstrating the first recorded drone-to-human deployment of BolaWrap® entanglement technology in a simulated active-shooter scenario.

The test at Mithril Defense HQ in Austin reportedly showed a consistent deployment success rate, supports planned commercialization from Wrap’s Virginia integration hub, and targets law enforcement, private security, DoD, DHS, FBI, and international partners. Pre-orders open Nov 17, 2025 with onboarding, training, and policy packages offered.

Wrap Technologies (NASDAQ: WRAP) issued a stockholder letter dated October 29, 2025 outlining its mission to deliver truly non-lethal public safety tools, training, and policy. The company positions the BolaWrap 150 as a data-anchored alternative to legacy “less-lethal” tools, reporting a 92% field success rate and claiming zero deaths, zero serious injuries, and zero lawsuits in deployments. Wrap highlights accelerating deployments, cited transitions by agencies in North Carolina and Colorado, and higher BolaWrap use versus Tasers in Kentucky. The letter frames Wrap’s strategy as building an integrated non-lethal ecosystem across law enforcement, drones, and private security.

Wrap Technologies (NASDAQ: WRAP) expanded its Board to six members with the appointment of John D. Shulman, founder and managing partner of Juggernaut Capital Partners (JCP), effective Oct 27, 2025.

Shulman is described as a substantial investor in Wrap and leads JCP, a private equity firm with over $1 billion in assets under management. In connection with the appointment, Jerry Ratigan mutually separated from his roles as Chief Financial Officer, Principal Accounting Officer, and Principal Financial Officer, effective Oct 24, 2025.

Wrap appointed CEO Scot Cohen to resume the Principal Financial Officer and Principal Accounting Officer roles immediately. The company said Shulman’s experience will support scaling Wrap’s non-lethal products including the BolaWrap 150, Wrap Reality VR training, and UAS drone interdiction solutions across law enforcement, military, and private security markets.

Wrap Technologies (NASDAQ: WRAP) announced on October 21, 2025 the formation of Wrap Federal, LLC, a wholly owned subsidiary focused on U.S. federal customers in the Department of Defense, Department of Homeland Security, and other agencies.

Wrap Federal is intended to meet DCAA readiness, support classified contracting, and align accounting, security, and operational protocols for federal programs. The subsidiary will pursue federal contracts via partnerships with prime contractors and federal contracting mechanisms.

Core offerings highlighted include the BolaWrap 150 non-lethal device (deployed to over 1,000 agencies) and CUAS/DFR-X drone interdiction platforms designed for non-lethal aerial threat mitigation.

Wrap (NASDAQ: WRAP) unveiled the MERLIN-Interdictor DFR-X payload on October 17, 2025 — described as the first known U.S. commercially available non-lethal drone first responder interdiction system. The MERLIN-Interdictor is a six-cassette, drone-agnostic payload using a standard UART interface and Wrap's BolaWrap tether technology to enable remote, non-lethal interdiction, deterrence, and delay of threats.

Wrap completed internal Phase II testing validating MERLIN's electrical remote-deployment systems and plans pre-orders starting November 17, 2025. Production and integration are centered at Wrap's Virginia facility; agencies can sign up for updates and onboarding packages including training and policy materials.

Wrap (NASDAQ: WRAP) announced completion of Stage One of Phase II testing for Project MERLIN-1 on October 14, 2025, validating housing size, remote flight, fixed control deployments, recoil measurements, and payload integration during live-range trials.

Testing occurred at Wrap's manufacturing and research HQ in Norton, Virginia, and an off-site range in Raleigh, North Carolina. Phase II follows Phase I proof-of-concept in August 2025 that demonstrated the company's tethered entanglement technology. Management said Stage One results support moving to Stage Two: fully remote flight and fire control testing and reaffirmed focus on non-lethal CUAS, BolaWrap tether tech, and Made-in-America manufacturing.

Wrap (NASDAQ: WRAP) announced a two-year WrapReady partnership with the Le Sueur Police Department on Oct 6, 2025. According to the press release, Le Sueur is expected to fully deploy BolaWrap 150 devices and WrapTactics training, supported by Wrap's new subscription-based training platform and a structured research initiative.

The program will collect line-of-duty injury, use-of-force, and operational cost data to evaluate pre-escalation tools and training. The PR states Le Sueur purchased devices, cassettes, and instructor training; Wrap frames the collaboration as part of its growth strategy to expand adoption and generate outcome-based evidence for stakeholders.

Wrap Technologies (NASDAQ: WRAP) has announced a strategic partnership with Carahsoft Technology Corp. to expand the distribution of its non-lethal public safety and counter-UAS solutions in the public sector. Carahsoft will serve as Wrap's Master Government Aggregator, making products available through NASPO ValuePoint and OMNIA Partners contracts.

The partnership will distribute Wrap's core products including the BolaWrap® 150 non-lethal tool, WrapReality VR Training Platform, and WrapVision Body-Worn Camera system. Additionally, Wrap is developing next-generation Counter-UAS solutions including the MERLIN Platform, PAN-DA Handheld System, and 1KC Anti-Drone Cassette.

This collaboration aims to streamline procurement for federal, state, and local agencies, targeting the global counter-drone market projected to reach $10.58 billion by 2030.

Wrap Technologies (NASDAQ: WRAP), a leader in public safety technologies and non-lethal tools, has scheduled its Q3 2025 earnings conference call for November 12, 2025, at 4:30 p.m. ET. The company will release its financial results for the quarter ended September 30, 2025, prior to the call.

Shareholders can submit questions to ir@wrap.com by November 10, 2025. Questions will be addressed based on relevance to company strategy, execution, and disclosure rules. The earnings release and related materials will be available on the company's investor relations website.