Welcome to our dedicated page for Wrap Technologies news (Ticker: WRAP), a resource for investors and traders seeking the latest updates and insights on Wrap Technologies stock.
Wrap Technologies, Inc. (Nasdaq: WRAP) generates news centered on non-lethal public safety technology, law enforcement adoption, and the evolution of its integrated product ecosystem. As a manufacturer of the BolaWrap 150 non-lethal restraint device, WrapReality immersive VR training, WrapVision body-worn camera and evidence management system, WrapTactics training programs, and CUAS platforms like PAN-DA, MERLIN-Interdictor, and the 1KC Kinetic Anti-Drone Cassette, the company’s announcements often highlight how these offerings are being deployed and expanded.
Investors and public safety professionals following WRAP news will see regular updates on agency deployments and training programs. Recent releases describe Glenwood Springs Police Department, Alliance Police Department, and Rio Grande City Police Department integrating BolaWrap 150 into structured non-lethal response frameworks that combine equipment, policy, and recurring training. These stories provide insight into how agencies position BolaWrap as an early intervention option within their use-of-force policies, especially in encounters involving behavioral-health crises and non-compliant but non-violent individuals.
Wrap also issues news about product development and intellectual property, such as filings for next-generation, shoulder-mounted multi-shot non-lethal response platforms with optional directional sound, high-intensity light, advanced sighting, and selectable engagement modes. Other coverage includes milestones in counter-UAS development, like air-to-air interdiction tests using MERLIN-Interdictor payloads on drone platforms, and partnerships with manufacturing and policy organizations such as K-Form and LETAC.
Financial and corporate governance updates appear through earnings releases and SEC-related announcements, including revenue trends, subscription growth tied to programs like WrapReady and WrapPlus, and capital structure decisions involving preferred stock and warrants. For a consolidated view of these developments, the WRAP news page offers a chronological feed of company press releases and related disclosures that reflect Wrap’s focus on non-lethal response, training, evidence management, and modern defense applications.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Wrap Technologies, Inc. (Nasdaq: WRAP) is set to hold a video webcast on May 10, 2023, at 5:00 p.m. Eastern time to discuss its financial and operational results for Q1 2023, which will be released prior to the call. Interested parties may submit questions until May 5, 2023. Wrap Technologies specializes in public safety technologies, offering innovative solutions like the BolaWrap® Remote Restraint Device and Wrap Reality™ training system. The BolaWrap® device provides a non-painful method for detaining individuals, while Wrap Reality™ offers immersive training for law enforcement personnel. The webcast will include a presentation followed by a Q&A session, and a recording will be available on their investor relations website.
Wrap Technologies (Nasdaq: WRAP) announced the appointment of Kevin Mullins as CEO, effective immediately, following the resignation of TJ Kennedy. Mullins, who has been with the company since April 2022, aims to enhance operational efficiency and accelerate profitable growth.
The preliminary estimated revenue for Q1 2023 is between $0.60 million and $0.70 million, a significant decline from $1.6 million in the same quarter last year, attributed to delayed customer orders. However, operating expenses are projected to decrease to between $4.0 million and $4.5 million from $6.1 million, reflecting successful cost-cutting initiatives. Despite a net loss estimate of $3.7 million to $4.3 million, improved gross margins are expected.
The company plans to implement better operational efficiencies and may achieve a quarterly reduction in operating expenses of $1.5 million, aiming for sustained profitability.
Wrap Technologies, Inc (Nasdaq: WRAP) is set to host its third Investor Insights webcast on March 23, 2023, at 10:00 AM ET. The event will recap the Company's participation in the World Police Summit and will include a Q&A session where investors can submit questions until 8:00 PM ET on March 22, 2023.
Wrap Technologies specializes in innovative public safety solutions, featuring products like the BolaWrap® Remote Restraint Device and Wrap Reality™. Investors can join the webcast 5-10 minutes early through the Company’s investor relations website or via the provided registration link.
Wrap Technologies, Inc. reported record revenues for Q4 2022, achieving $3.59 million, a 47% increase year-over-year. This growth was primarily driven by substantial sales of the BolaWrap 150, including a historic $1.5 million order. The company improved gross profit by 130% to $1.70 million, aided by enhanced pricing and production efficiencies. Wrap plans to achieve quarterly adjusted EBITDA break-even by the end of 2023 and profitability by 2024. However, it anticipates a Q1 revenue decline, influenced by seasonal procurement cycles. As of the end of 2022, cash reserves stood at $19.28 million.
Wrap Technologies, Inc. (Nasdaq: WRAP) announced a video webcast on March 1, 2023, at 5:00 p.m. ET, to discuss its financial and operational results for Q4 and the full year ending December 31, 2022. The results will be released prior to the call. Interested participants can submit questions until February 24, 2023, at 8:00 p.m. ET. Wrap is known for its innovative public safety solutions, including the BolaWrap® Remote Restraint Device and Wrap Reality™, a VR training platform for law enforcement. The company aims to provide safer policing tools, focusing on non-pain compliance and effective training for first responders.
Wrap Technologies, Inc. (Nasdaq: WRAP) released body-worn camera footage from the Alton, Texas Police Department, showcasing the effective use of their BolaWrap® Remote Restraint device during a domestic dispute. The device enabled officers to safely apprehend an unarmed suspect without injury. Alton Police praised the BolaWrap® for preventing further escalation, emphasizing its potential in high-stress situations. CEO TJ Kennedy highlighted this incident as evidence of the BolaWrap®’s capacity to enhance public safety and reduce the need for forceful tactics. Wrap continues to lead in innovative solutions for law enforcement and public safety.