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Wrap Technologies Inc - WRAP STOCK NEWS

Welcome to our dedicated news page for Wrap Technologies (Ticker: WRAP), a resource for investors and traders seeking the latest updates and insights on Wrap Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wrap Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wrap Technologies's position in the market.

Rhea-AI Summary
Wrap Technologies, Inc. provides an update on its operations and timing for reporting financial results. The company expects to release fourth quarter and full year 2023 results soon, with revenue estimated at approximately $6.1M. No financial restatements are anticipated, but the Form 10-K filing for 2023 has been delayed. Investors are advised not to rely solely on these estimates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
Tags
conferences earnings
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Rhea-AI Summary
Wrap Technologies, Inc. launches WrapAI™, an artificial intelligence product suite for its Intrensic Body-Worn Camera and Digital Evidence Management platform. The suite includes AI Auto-Tagging, AI Video Redaction, Automated Transcription, and AI-Assisted Contextual Content Search, aiming to streamline operations for police departments and private security firms worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
Tags
none
-
Rhea-AI Summary
Wrap Technologies, Inc. postpones the release of its financial results and investor call for Q4 and full year 2023 to finalize year-end reporting process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.31%
Tags
Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) will host a conference call to discuss its financial and operational results for the last quarter of 2023 on March 28th. Interested parties can submit questions prior to the call, which will address the Company's strategic direction and execution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
conferences earnings
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Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) has achieved a significant milestone with the full deployment of the BolaWrap Remote Restraint device for the Fairfax County Police Department in Virginia. The decision to implement BolaWrap devices department-wide follows a successful pilot program, marking a major advancement in public safety. The deployment showcases Wrap's commitment to providing law enforcement agencies with non-lethal tools for de-escalation and conflict resolution, reflecting a growing recognition of the importance of modern, non-lethal tools in policing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.34%
Tags
none
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Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) announces cost reduction initiatives, expansion in manufacturing, and investment in enterprise-level sales and marketing infrastructure to position the company for growth in 2024 and beyond. The company has reduced its labor force by 30% to achieve $2.4M in annual savings, while expanding manufacturing capacity and building a robust sales and marketing team. These measures aim to meet the increasing global demand for its solutions and drive shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
Tags
none
Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) appoints Scot Cohen as new CEO, emphasizing top-line growth, talent recruitment, and cost optimization. Cohen's extensive experience in institutional asset management and capital markets positions him to lead the company into new markets. The company also appoints Kevin Mullins as President, expressing gratitude for his contributions. Under Cohen's leadership, Wrap aims for future growth and higher purpose policing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
Tags
management
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Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) proudly announces receiving a $4.9 million BolaWrap order, the largest in Company history, signaling a potential global deployment opportunity for WRAP’s solution set in 2024. The order, placed by a distributor, validates the increasing recognition of BolaWrap's efficacy in modern law enforcement. CEO Kevin Mullins highlights the significance of the commitment from the customer, emphasizing the value and impact of WRAP's solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.35%
Tags
none
-
Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) announced the release of new AI functionalities for their Wrap Intrensic Body-Worn Camera Solution and Digital Evidence Management System platform. The new features include AI Video Redaction, Automated Transcription of Voice-Captured Video, AI-Assisted Contextual Content Search, and AI Video Content Review, reinforcing the company's commitment to providing cutting-edge tools for law enforcement professionals. These advancements aim to enhance transparency, efficiency, safety, and accountability in policing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.69%
Tags
AI
Rhea-AI Summary
Wrap Technologies, Inc. (WRAP) Announces Expanding Deployments of BolaWrap® 150 Remote Restraint Device
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.83%
Tags
none
Wrap Technologies Inc

Nasdaq:WRAP

WRAP Rankings

WRAP Stock Data

88.87M
30.23M
36.77%
8.83%
12.5%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States
Tempe

About WRAP

"smart technology for those who protect"​ we go into business to help law enforcement and other governmental agencies with remote restraint capabilities in order to maintain law and order with bola wrap 100 product.