Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company develops BolaWrap 100, a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle a subject at a range of 10-25 feet. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2016 and is headquartered in Tempe, Arizona.
IPO Year:
Exchange: NASDAQ
Website: wrap.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/11/2022 | $6.25 → $5.25 | Buy | Ladenburg Thalmann |
1/25/2022 | Buy → Hold | Maxim Group |
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4 - WRAP TECHNOLOGIES, INC. (0001702924) (Issuer)
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4 - WRAP TECHNOLOGIES, INC. (0001702924) (Issuer)
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4 - WRAP TECHNOLOGIES, INC. (0001702924) (Issuer)
4 - WRAP TECHNOLOGIES, INC. (0001702924) (Issuer)
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Key Financing Highlights: Accelerates Counter-UAS Fielding: Proceeds are expected to advance Wrap's recently announced Wrap-Merlin and Wrap-PANDA programs, which repurpose existing BolaWrap® 150 inventory into new counter-drone capabilities, enabling rapid progression from development to field application.Dual-Use Pathway: Supports both Wrap's continued law enforcement go-to-market strategy and near-term commercial wins in federal sales, where counter-UAS demand is accelerating. Wrap believes this "dual use" model positions Wrap to leverage its existing technology base while building a scalable federal government business through primes and strategic Department of Defense (DoD) and Departme
MIAMI, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a recognized innovator in public safety technology, today announced financial and operating results for the second quarter ended June 30, 2025. Financial Results: Cost Reduction Initiative Completed: Operating expenses in Q2 2025 were reduced by 26% compared to Q1 2025, decreasing to $3.3 million from $4.5 million, respectively, reflecting continued cost optimization across entire organization. On a year-to-date basis, operating expenses were reduced by 14% for the six months ended June 30, 2025 compared to the same prior year period, down to $7.9 million from $9.1 million, respectiv
MIAMI, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) (the "Company" or "Wrap"), a global leader in innovative public safety technology, today announced its second research and development counter-unmanned aircraft systems (C-UAS) initiative and released a Phase One video showing proof of concept on its website (www.Wrap.com). Wrap's Project PAN-DA (Personal Anti-Drone Armament) concept is a handheld counter-drone system derived from the Company's proven BolaWrap® 150 platform. This first-phase milestone follows Wrap's recent entry into the C-UAS market and introduces a personal, close-range, last-ditch defense capability to the Company's expanding portfolio of
MIAMI, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a recognized innovator in public safety technology, today announced a highly anticipated research and development initiative to adapt the Company's BolaWrap® 150 technology into the counter-unmanned aircraft systems (C-UAS) market. The first concept in this initiative—Wrap-Merlin 1—is a modular, drone-mounted payload designed to entangle and neutralize hostile drones mid-flight without the prohibitive costs of missiles or single-use interceptors. Wrap-Merlin 1 mounts one to six BolaWrap® 150 cassettes onto an FPV drone platform, integrated with a remote deployment mechanism and firs
MIAMI, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a recognized innovator in public safety technology, today announced the full launch of WrapVision, its next-generation, all-in-one body-worn camera platform. WrapVision is fully compliant with the Trade Agreements Act ("TAA") and is a North American–made solution engineered to meet the growing compliance, performance, and transparency demands of law enforcement, public safety, and healthcare professionals across the United States. Amid a growing national focus on officer safety, community trust, and data security, we believe WrapVision enters the market as a timely, strategically alig
MIAMI, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc, (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in innovative public safety technologies and non-lethal tools, today announces it plans to hold a conference call on Thursday, August 14, 2025 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial and operational results for the three months ended June 30, 2025. The financial and operational results are expected to be issued in a press release prior to the call. Wrap management will host the presentation, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call at [email protected] by 5:
MIAMI, July 02, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in pre-escalation and non-lethal public safety solutions, today announces the appointment of Todd Larson, EdD., MSL, FABC, as Strategic Advisor of the Company. Dr. Larson will guide the development of WrapTactics™, Wrap's advanced learning management system focused on elevating police training through integrated mindset conditioning, emotional regulation and tactical problem-solving. Dr. Larson brings over 30 years of experience in law enforcement, public safety innovation and education. His decorated 22-year tenure with the Scottsdale Police Department incl
MIAMI, June 24, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global pioneer in innovative public safety technologies and services, today announced the appointment of Gerald "Jerry" Ratigan, seasoned finance executive, as the Company's new Chief Financial Officer. Mr. Ratigan brings over 20 years of experience leading financial strategy across public companies, capital markets, investment banking and performance-focused advisory roles. Mr. Ratigan's background includes extensive work in both international and domestic publicly traded environments, where Mr. Ratigan has consistently driven financial modernization and organizational agility. M
Barnes v. Felix expands window of liability to include the totality of circumstances—renewing focus on officer's actions during the pre-escalation period. MIAMI, June 02, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc, (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in innovative public safety technologies and non-lethal tools, today issues a letter to stockholders from Founder and CEO, Scot Cohen. Chairman and CEO Letter to Stockholders Fellow Stockholders, Law-enforcement tools, technologies, and tactics are under constant scrutiny—not just for their effectiveness, but for how they're viewed by the public we serve. As public perception and the legal landscape evolv
MIAMI, May 15, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc, (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in innovative public safety technologies and non-lethal tools, today announced financial and operating results for the first quarter ended March 31, 2025. Q1 2025 Financial Results: Cash increased to $6.2 million, up from $3.6 million in Q1 2024Margins increased over 21 points from 56.6% in Q1 2024 to 77.8% in Q1 2025, with cost of revenue decreasing 73.4%, from $640 thousand to $170 thousand, respectively.Operating loss improved 5.2%, from $(4.1) million in Q1 2024 to $(3.9) million in Q1 2025.Q1 2025 revenue was $765 thousand.Net income was $109 thousand in Q1 2025
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Ladenburg Thalmann reiterated coverage of Wrap Technologies with a rating of Buy and set a new price target of $5.25 from $6.25 previously
Maxim Group downgraded Wrap Technologies from Buy to Hold
Ladenburg Thalmann initiated coverage of Wrap Technologies with a rating of Buy and set a new price target of $26.50
Maxim Group initiated coverage of Wrap Technologies with a rating of Buy and set a new price target of $11.00
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MIAMI, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc, (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in innovative public safety technologies and non-lethal tools, today announces it plans to hold a conference call on Thursday, August 14, 2025 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial and operational results for the three months ended June 30, 2025. The financial and operational results are expected to be issued in a press release prior to the call. Wrap management will host the presentation, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call at [email protected] by 5:
MIAMI, May 15, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc, (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in innovative public safety technologies and non-lethal tools, today announced financial and operating results for the first quarter ended March 31, 2025. Q1 2025 Financial Results: Cash increased to $6.2 million, up from $3.6 million in Q1 2024Margins increased over 21 points from 56.6% in Q1 2024 to 77.8% in Q1 2025, with cost of revenue decreasing 73.4%, from $640 thousand to $170 thousand, respectively.Operating loss improved 5.2%, from $(4.1) million in Q1 2024 to $(3.9) million in Q1 2025.Q1 2025 revenue was $765 thousand.Net income was $109 thousand in Q1 2025
MIAMI, May 13, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc, (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in innovative public safety technologies and non-lethal tools, today announces it plans to hold a conference call on Friday, May 16, 2025, at 9:15 a.m. Eastern Time (6:15 a.m. Pacific Time) to discuss its financial and operational results for the three months ended March 31, 2025. The financial and operational results are expected to be issued in a press release prior to the call. Wrap management will host the presentation, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call at [email protected] by 5:00 p.m. Ea
MIAMI, March 24, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or, the "Company") today announced it will hold a conference call on Monday, March 31, 2025 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial and operational results for the fourth quarter and full year ended December 31, 2024. Wrap management will host the presentation, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call at [email protected] by 5:00 p.m. Eastern Time on March 28, 2025. Questions will be addressed based on the relevance to the Company's strategic direction and execution, stockholder base and public
This news follows: Wrap Unveils Managed Safety and Response (MSR) Connected Ecosystem in Virginia TEMPE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies (NASDAQ:WRAP) ("Wrap" or, the "Company") today announced it has completed the acquisition of W1 Global, LLC ("W1") a preeminent professional services and consulting firm led by an executive team of former high-ranking law enforcement and U.S. Intelligence Community professionals, with deep competencies in complex international criminal investigation, regulatory matters and compliance issues. The acquisition of W1 is expected to increase Wraps access to the skill and experience of this distinguished group, as well as expand the
TEMPE, Ariz., April 15, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), the makers of BolaWrap and the innovative public safety solutions platform powered by artificial intelligence ("AI"), virtual reality and data, today provided an update on its ongoing operations and announced its schedule for reporting financial results. The Company is also pleased to share operational highlights from recent quarters and confirms that no financial restatements are anticipated. Financial Results Timing Update: Wrap currently expects to release fourth quarter and full year 2023 results in the coming weeks, followed by its first quarter 2024 earnings.The Com
TEMPE, Ariz., March 25, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a global leader in innovative public safety technologies and services, today announced that it will set a new date for the issuance of its financial results and investor conference call related to the fourth quarter and full year 2023, which had previously been scheduled for March 28, 2024. The Company will use the additional time to complete its year-end reporting process. About Wrap Wrap Technologies, Inc. (NASDAQ:WRAP) is a leading global provider of advanced public safety solutions, integrating ultramodern technology, cutting-edge tools, and comprehensive services to addr
TEMPE, Ariz., March 07, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a global leader in innovative public safety technologies and services, will hold a conference call on Thursday, March 28th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial and operational results for the last quarter of 2023, which ended December 31, 2023. Financial and operational results will be issued in a press release prior to the call on the same day. Wrap management will host the presentation, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call at [email protected]
TEMPE, Ariz., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a global leader in innovative public safety technologies and services, today announced financial and operating results for the third quarter ended September 30, 2023. Third Quarter and Recent Highlights Record quarterly revenue driven by strong international orders in the North African region.Full deployment order for BolaWrap 150 from a large domestic agency in the Mid-Atlantic.Second consecutive record quarter for Wrap Reality sales.Continued development of new Wrap Reality scenarios on a monthly basis.Successful integration of Wrap Intrensic, enhancing our Body-Worn Camer
TEMPE, Ariz., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a global leader in innovative public safety technologies and services, will hold a conference call on Thursday, November 9, 2023 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial and operational results for the third quarter ended September 30, 2023. Financial and operational results will be issued in a press release prior to the call on the same day. Wrap management will host the presentation, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call at [email protected] by 7 p.m. Eastern time on Nov
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MIAMI, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a recognized innovator in public safety technology, today announced financial and operating results for the second quarter ended June 30, 2025. Financial Results: Cost Reduction Initiative Completed: Operating expenses in Q2 2025 were reduced by 26% compared to Q1 2025, decreasing to $3.3 million from $4.5 million, respectively, reflecting continued cost optimization across entire organization. On a year-to-date basis, operating expenses were reduced by 14% for the six months ended June 30, 2025 compared to the same prior year period, down to $7.9 million from $9.1 million, respectiv
MIAMI, July 02, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in pre-escalation and non-lethal public safety solutions, today announces the appointment of Todd Larson, EdD., MSL, FABC, as Strategic Advisor of the Company. Dr. Larson will guide the development of WrapTactics™, Wrap's advanced learning management system focused on elevating police training through integrated mindset conditioning, emotional regulation and tactical problem-solving. Dr. Larson brings over 30 years of experience in law enforcement, public safety innovation and education. His decorated 22-year tenure with the Scottsdale Police Department incl
MIAMI, June 24, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global pioneer in innovative public safety technologies and services, today announced the appointment of Gerald "Jerry" Ratigan, seasoned finance executive, as the Company's new Chief Financial Officer. Mr. Ratigan brings over 20 years of experience leading financial strategy across public companies, capital markets, investment banking and performance-focused advisory roles. Mr. Ratigan's background includes extensive work in both international and domestic publicly traded environments, where Mr. Ratigan has consistently driven financial modernization and organizational agility. M
WRAP Expands Capabilities: Leveraging Investigative Expertise in Financial Crimes, Crypto and Cybersecurity to Commercialize Managed Services Offering MIAMI, March 27, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc, (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in innovative public safety technologies and non-lethal tools, today announced the appointment of Robert Heuchling as Managing Director of the Company, bringing over 15 years of experience from the Federal Bureau of Investigation ("FBI") and providing advisory services to the Company's executive team. Wrap plans to expand its managed service business lines, with Mr. Heuchling expected to play a key role in commercia
MIAMI, March 25, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies (NASDAQ:WRAP) ("Wrap" or, the "Company"), a global leader in innovative public safety technologies and non-lethal tools, today announced the appointment of Stephen M. Renna as a Strategic Advisor to the Company. Mr. Renna brings more than 35 years of executive experience in both public and private sectors and will focus on international expansion, with an emphasis on Made-in-USA exports and financing strategies through U.S. government resources. A seasoned expert at the intersection of business and government, Mr. Renna served as Chief Banking Officer at the U.S. Export-Import Bank (EXIM), where he led the execution of trad
MIAMI, March 20, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or, the "Company") today announced the appointment of Joseph R. Bonavolonta as Domestic Head of Managed Services of the Company, bringing over 27 years of experience from the Federal Bureau of Investigation ("FBI") to the Company's management team. Mr. Bonavolonta, who culminated his distinguished FBI career as Special Agent in Charge (SAC) of the Boston Field Office, led one of the agency's largest divisions, overseeing high-profile criminal and national security investigations. His leadership extended to managing Joint Terrorism Task Forces, Safe Streets Gang and Violent Crime Task Forces, and dire
NORTON, Va., March 12, 2025 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or, the "Company") is pleased to announce the promotion of Jared Novick to President and Chief Operating Officer of the Company. Under his leadership, Wrap expects to launch a new wave of efficiency-driven public safety offerings designed to support law enforcement and federal agencies. This expansion aligns with Wrap's recent relocation of its manufacturing headquarters to Virginia, a move recognized by Virginia Governor Glenn Youngkin in November 2024. With plans to establish offices near Washington, D.C., the new location strengthens Wrap's pursuit of U.S. Federal government contracts and expan
TEMPE, Ariz., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a global leader in public safety innovation via artificial intelligence ("AI"), virtual reality and big data, today announced the appointment of Scot Cohen as its new Chief Executive Officer (CEO). Mr. Cohen, a co-founder of the Company, the largest shareholder, and Executive Chairman of the Company, is recognized for his deep commitment to the Company's mission and extensive experience in various industries. Mr. Cohen stated, "The time has come to complete what Woody Norris, the inventor of BolaWrap, and I began in 2015. I'm ready to assume full responsibility for the organiza
TEMPE, Ariz., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP), a leading provider of innovative law enforcement and public safety solutions, is delighted to announce the appointment of Giles Tipsword as its Senior Vice President of North American Sales. Tipsword brings a wealth of experience and a proven track record in driving sales growth, market analysis, and exceptional leadership in the technology and public safety sector. Today's appointment is announced on the heels of the Company experiencing strong and continued domestic and international momentum for BolaWrap after receiving multiple orders in the EMEA region and following a customer's successful year-long
TEMPE, Ariz., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ:WRAP) ("Wrap" or the "Company"), a global leader in innovative safety technologies and services, today announced the appointment of Vice Admiral (ret.) Timothy Szymanski and Rajiv Srinivasan to serve on the Company's Board of Directors (the "Board"). The Company has also appointed Scot Cohen, Co-Founder, as Executive Chairman of the Board. The addition of this leadership fortifies the Company's commitment to the mental well-being of public safety officers and the community at large. Wrap's reinvigorated Board boasts a diverse cadre of international industry frontrunners, poised to steer the Company's expan