Summary
WRAP Unveils WrapShield for Enhanced Defense & Public Safety Prowess
Wrap launches WrapShield, an AI-powered defense and public safety platform built to detect threats early and support faster operational responses.
Wrap Rises 3% Despite Incurring Q1 Loss on Higher Operating Costs
WRAP incurs Q1 loss per share on elevated costs, declining technology-enabled services and margin pressure, though strong BolaWrap sales drive 45% revenue growth.
Wrap Technologies Q1 Earnings Call Highlights
Wrap Technologies NASDAQ: WRAP said first-quarter revenue rose 45% year-over-year as product sales for its BolaWrap 150 line accelerated, while management reiterated its goal of doubling revenue in 2026.
Wrap Technologies Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| RS Richard Slavik Newbridge Financial Services Group Inc. | 2,000 | $13,540 | $4,430 | -$9,110 | -67.28% |
| RF Rekah Franca Catalyst Funds Management Pty Ltd. | 22,100 | $34,034 | $48,951.5 | $14,917.5 | 43.83% |
| RCW Royal Capital Wealth Management LLC Royal Capital Wealth Management LLC | 89,521 | $256,314.79 | $196,498.59 | -$59,816.2 | -23.34% |
| SP Samantha Pierangeli City State Bank | 100 | $150 | $208.09 | $58.09 | 38.73% |
| HFT Hui Fai Tam Caitong International Asset Management Co. Ltd. | 3 | $4.62 | $6.15 | $1.53 | 33.12% |
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Wrap Technologies Inc. Profile
| Automobile Components Industry | Consumer Discretionary Sector | Scot Jason Cohen CEO | NASDAQ (CM) Exchange | 98212N107 CUSIP |
| US Country | 25 Employees | - Last Dividend | - Last Split | 29 May 2018 IPO Date |
Overview
Wrap Technologies, Inc. is a forward-thinking public safety technology and services company, dedicated to creating innovative solutions for law enforcement and security personnel worldwide. Founded in 2016 and headquartered in Tempe, Arizona, Wrap Technologies aims to revolutionize the way law enforcement agencies manage confrontations and bring noncompliant individuals into custody with minimal risk of injury. Their key mission is to provide tools that enhance the safety and effectiveness of law enforcement professionals and those they serve, operating across continents in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Products and Services
- BolaWrap 150:
A cutting-edge hand-held remote restraint device that represents the cornerstone of Wrap Technologies' product line. The BolaWrap 150 is designed to safely and effectively restrain noncompliant individuals by discharging an 8-foot Kevlar cord that entangles an individual's legs or arms from a distance of 10-25 feet. This tool is aimed at providing law enforcement and security personnel with a non-lethal means of control, reducing the necessity for physical force and potential for escalation during confrontations. It is engineered for situations where the safety of both the public and the individual is paramount, making it a valuable asset in diverse operational contexts around the globe.
