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. develops public safety technology and non-lethal response products for law enforcement, security and related public safety organizations. Company news commonly covers BolaWrap® remote restraint devices, WrapReality™ immersive training deployments, WrapVision digital evidence capabilities, customer purchase orders, contract renewals, and international partner activity.
Recurring updates also address WRAP's broader Non-Lethal Response™ platform, including training programs, policy-centered implementation, healthcare and campus security applications, and research initiatives tied to drone and counter-drone public safety capabilities. Financial-result announcements and operating updates frame product sales, technology-enabled services, market expansion and cost management.
Wrap Technologies (NASDAQ: WRAP) has unveiled a new research and development initiative to adapt its BolaWrap® 150 technology for the counter-unmanned aircraft systems (C-UAS) market. The company's first concept, Wrap-Merlin 1, is a modular drone-mounted payload system designed to neutralize hostile drones mid-flight.
The system can mount up to six BolaWrap® 150 cassettes on an FPV drone platform, featuring remote deployment and first-person-view targeting capabilities. Key advantages include multiple engagements per sortie, compatibility with existing drone fleets, and rapid adaptability. The system is engineered for integration with Department of Defense Blue UAS-approved platforms and allied drone systems.
This initiative targets the global counter-UAS market, which is projected to grow from $1.9 billion in 2023 to $6.8 billion by 2030. The company aims to leverage its existing BolaWrap® manufacturing infrastructure for rapid commercialization in both DOD and global defense markets.
Wrap Technologies (NASDAQ: WRAP) has launched WrapVision, a North American-made body-worn camera platform designed for law enforcement, public safety, and healthcare professionals. The TAA-compliant solution features advanced specifications including a 6000 mAh battery with 12-hour operation, 180° x 180° ultra-wide lens, and 8MP high-resolution sensor.
The platform integrates with major video systems and is compatible with leading Genetec and Milestone VMS platforms. WrapVision offers secure data management through North American exclusive data centers, addressing concerns about unauthorized foreign access and cyber security. The competitively priced solution aims to support Wrap's subscription-driven revenue strategy and pathway to profitability.
Wrap Technologies (NASDAQ: WRAP), a leader in public safety technologies and non-lethal tools, will host its Q2 2025 earnings conference call on Thursday, August 14, 2025, at 4:30 p.m. ET. The company will release its financial and operational results for the quarter ended June 30, 2025, before the call.
Shareholders can submit questions to ir@wrap.com by August 12, 2025, at 5:00 p.m. ET. The earnings release and related materials will be available on the company's investor relations website at ir.wrap.com.
Wrap Technologies (NASDAQ: WRAP) has appointed Dr. Todd Larson as Strategic Advisor to guide the development of WrapTactics™, the company's advanced learning management system for police training. Dr. Larson brings over 30 years of experience in law enforcement and education, including a 22-year career with the Scottsdale Police Department and extensive experience in SWAT operations.
The WrapTactics™ platform will focus on three key areas: mindset framing for clarity under pressure, emotion regulation for de-escalation, and tactical precision for safe situation resolution. Dr. Larson's role will be crucial in developing scenario-based training modules that combine tactical expertise with emotional intelligence.
Wrap Technologies (NASDAQ: WRAP) has appointed Gerald "Jerry" Ratigan as its new Chief Financial Officer. Ratigan brings over 20 years of experience in financial strategy, including roles in public companies, capital markets, and investment banking. His extensive background includes Big Four accounting experience and leadership positions at companies like Gearbox Entertainment, Entertainment Benefits Group, and MoneyOnMobile.
The company also announced the promotion of Louis Springer to Vice President of Finance, recognizing his contributions to cost-cutting initiatives and organizational change over the past 18 months. This dual appointment strengthens Wrap's financial leadership team as the company focuses on scaling operations and maximizing commercial opportunities in the public safety technology sector.
Wrap Technologies (NASDAQ: WRAP) has reported its Q1 2025 financial results, showing mixed performance. The company's cash position strengthened to $6.2 million, up from $3.6 million in Q1 2024, while margins significantly improved by 21 points to 77.8%. Though operating loss improved slightly to $(3.9) million, revenue was $765 thousand, and net income slightly decreased to $109 thousand from $117 thousand year-over-year.
Notable operational developments include the acquisition of W1 Global, LLC, strengthening their managed services capabilities. The company completed its move to a VA Facility, enhanced its leadership team with former FBI veterans, and established a new sales and marketing partnership for U.S. public safety market coverage. Customer reports indicate increased BolaWrap deployments, particularly in Crisis Intervention Teams handling mental health emergencies.
Wrap Technologies (NASDAQ: WRAP), a leader in public safety technologies and non-lethal tools, has scheduled a conference call for Friday, May 16, 2025, at 9:15 a.m. ET to discuss its Q1 2025 financial results. The company will release its financial and operational results for the quarter ended March 31, 2025, before the call.
Management will host a presentation followed by a Q&A session. Shareholders can submit questions to ir@wrap.com by 5:00 p.m. ET on May 15, 2025. The earnings release and related materials will be available on the company's investor relations website.
Wrap Technologies (NASDAQ: WRAP) reported mixed Q4 and full-year 2024 results. Q4 revenue increased 47% to $0.9M, with improved gross profit of $0.4M. However, full-year 2024 revenue declined 27% to $4.5M.
Despite revenue decline, the company showed significant financial improvements: gross margin increased to 54%, operating loss improved 17% to $(15.6M), and net loss decreased 81% to $(5.9M). Monthly cash burn reduced to $600,000.
Key developments include: regaining Nasdaq compliance, establishing a new manufacturing facility in Virginia, introducing Managed Safety and Response ecosystem, acquiring W1 Global , and closing a $5.8M private placement. The company expanded leadership with former FBI veterans and strengthened its international growth strategy.
The company's focus remains on scaling integrated solutions beyond BolaWrap, expanding globally through U.S. government partnerships, and pursuing federal funding opportunities.
Wrap Technologies (NASDAQ: WRAP) has appointed Robert Heuchling as Managing Director, bringing over 15 years of FBI experience to enhance the company's managed services offering. Heuchling, who previously supervised foreign corruption and money laundering investigations in New York City, will work alongside former FBI colleague and current Chief Executive Officer of Managed Services, Bill McMurry.
Together, they led the landmark 1MDB investigation, which recovered over $4.5 billion in stolen assets - the largest recovery in U.S. Department of Justice history. The company plans to leverage their expertise to develop technology solutions for complex financial crimes, cyber threats, and transnational law enforcement challenges.
Heuchling's background includes service as an engineer and communications officer in the U.S. Navy. His accolades include the Assistant Attorney General's Exceptional Service Award, FBI Medal of Excellence, and Naval Commendation Medal.