Wrap Technologies Inc
NASDAQ:WRAP

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Wrap Technologies Inc
NASDAQ:WRAP
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Price: 2.4801 USD -3.87% Market Closed
Market Cap: $127.8m

Wrap Technologies Inc
Investor Relations

Wrap Technologies, Inc. manufactures law enforcement products. The company is headquartered in Tempe, Arizona and currently employs 68 full-time employees. The company went IPO on 2018-05-18. The firm's products, services and solutions include BolaWrap Remote Restraint Device and Wrap Reality. The BolaWrap Remote Restraint Device 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. BolaWrap assists law enforcement to control encounters early in the use of force continuum without resorting to painful force options. The Wrap Reality is a law enforcement training system utilizing immersive computer graphics virtual reality with software-enabled content. The company allows up to two participants to enter a simulated training environment simultaneously, and customized weapons controllers enable trainees to engage in strategic decision making along the force continuum. The firm ships its restraint products to 51 countries.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Strongest Quarter in 2 Years: Q3 2025 was Wrap Technologies' strongest quarter in the past two years, highlighted by $2 million in gross revenue.

Shift to Subscription Model: 12% of revenue now comes from subscription-based sales, marking clear progress in recurring revenue and business transformation.

Product & Market Expansion: The company launched new products (WrapVision, Wrap Reality, MERLIN drone payload) and opened a new U.S. manufacturing hub to support growth and entry into federal, defense, and international markets.

Growing Adoption & Validation: BolaWrap 150 has achieved a 92% field success rate with zero reported deaths, serious injuries, or lawsuits, and is being adopted faster than TASERs in several states.

Policy, Training, and Ecosystem Focus: Wrap is integrating training, policy alignment, and tools into a recurring system business model to drive agency adoption and long-term partnerships.

Sales Force Expansion: The company significantly increased sales and marketing hires, reflecting confidence in near-term growth opportunities.

Key Financials
Gross Revenue
$2 million
Subscription-based Sales
12% of revenue
BolaWrap 150 Field Success Rate
92%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Scot Jason Cohen
Founder, CEO, Executive Chairman & Interim Principal Financial and Accounting Officer
No Bio Available
Mr. Jared Novick
Chief Operating Officer
No Bio Available

Contacts

Address
ARIZONA
Tempe
1817 W 4th St
Contacts
+18005832652.0
wrap.com