Wrap Technologies Inc
NASDAQ:WRAP
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Wrap Technologies Inc
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.
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.
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.