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. (Nasdaq: WRAP) generates news centered on non-lethal public safety technology, law enforcement adoption, and the evolution of its integrated product ecosystem. As a manufacturer of the BolaWrap 150 non-lethal restraint device, WrapReality immersive VR training, WrapVision body-worn camera and evidence management system, WrapTactics training programs, and CUAS platforms like PAN-DA, MERLIN-Interdictor, and the 1KC Kinetic Anti-Drone Cassette, the company’s announcements often highlight how these offerings are being deployed and expanded.
Investors and public safety professionals following WRAP news will see regular updates on agency deployments and training programs. Recent releases describe Glenwood Springs Police Department, Alliance Police Department, and Rio Grande City Police Department integrating BolaWrap 150 into structured non-lethal response frameworks that combine equipment, policy, and recurring training. These stories provide insight into how agencies position BolaWrap as an early intervention option within their use-of-force policies, especially in encounters involving behavioral-health crises and non-compliant but non-violent individuals.
Wrap also issues news about product development and intellectual property, such as filings for next-generation, shoulder-mounted multi-shot non-lethal response platforms with optional directional sound, high-intensity light, advanced sighting, and selectable engagement modes. Other coverage includes milestones in counter-UAS development, like air-to-air interdiction tests using MERLIN-Interdictor payloads on drone platforms, and partnerships with manufacturing and policy organizations such as K-Form and LETAC.
Financial and corporate governance updates appear through earnings releases and SEC-related announcements, including revenue trends, subscription growth tied to programs like WrapReady and WrapPlus, and capital structure decisions involving preferred stock and warrants. For a consolidated view of these developments, the WRAP news page offers a chronological feed of company press releases and related disclosures that reflect Wrap’s focus on non-lethal response, training, evidence management, and modern defense applications.
Wrap Technologies (Nasdaq: WRAP) announced the appointment of Kevin Mullins as President, effective April 19, 2022, and granted him an equity award to align his interests with shareholders. Mullins aims to enhance Wrap's global sales strategy and operational capabilities. The inducement award includes restricted stock units convertible into 175,173 shares and nonqualified options for 1,049,145 shares at an exercise price of $2.89, with vesting contingent on market capitalization milestones. This strategic move is expected to support long-term growth in public safety technologies.
Wrap Technologies (Nasdaq: WRAP) announces the appointment of TJ Kennedy as CEO and Kevin Mullins as President, effective immediately. Both seasoned leaders possess extensive experience in technology and public safety, aimed at enhancing Wrap's operational capabilities and expanding its product offerings in the $50 billion public safety market. The Board's thorough search highlights their confidence in Kennedy and Mullins driving growth and innovation, particularly for the BolaWrap 150 device. The appointments are expected to foster a new level of strategic thinking within the company.
Wrap Technologies, Inc. (Nasdaq: WRAP), a leader in public safety technologies, will participate in the 2022 Virtual Growth Conference from March 28-30, 2022. Hosted by Maxim Group LLC and M-Vest, the conference will showcase executives across various sectors, including Biotech, Clean Energy, and Healthcare. Attendees can expect company presentations, fireside chats, and live Q&A sessions. Wrap develops innovative solutions like the BolaWrap Remote Restraint device and Wrap Reality training system to enhance public safety. For more details, visit wrap.com.
Wrap Technologies reported a 96% growth in full-year revenues, reaching $7.7 million. In Q4 2021 alone, net revenues grew by 73% to $2.4 million, despite a drop in gross margin to 30.1%. The company launched its upgraded product, the BolaWrap 150, and trained 940 law enforcement agencies, marking a 109% increase in training efforts. However, net losses for the year totaled $24.4 million. The company anticipates challenges in 2022 due to supply chain issues and geopolitical factors.
Wrap Technologies, Inc. (Nasdaq: WRAP) announced its participation in the 34th Annual Roth Conference from March 13-15, 2022, in Dana Point, California. The event will feature meetings and presentations from around 400 companies across various sectors, including public safety technologies. Wrap's management will be available for one-on-one meetings during the conference. The company focuses on innovative public safety solutions, highlighted by its BolaWrap® Remote Restraint device and Wrap Reality training platform.
Wrap Technologies, Inc. (Nasdaq: WRAP) announced it will report fourth quarter and full year fiscal 2021 results on March 10, 2022, after the market closes. An investor conference call will follow at 5:00 pm ET to discuss the results. The company is recognized for its innovative public safety technologies and the BolaWrap® Remote Restraint device, which helps law enforcement apprehend suspects safely. For further details, the investor relations website provides supplemental information and call details.
Wrap Technologies, Inc. (Nasdaq: WRAP) has announced a significant achievement with a purchase order for its WRAP Reality virtual reality training system from a College Police Department in Pennsylvania. The order marks the largest commercial transaction to date for WRAP’s VR subscription, showcasing the effective use of immersive simulations for training officers in de-escalation tactics. The WRAP Reality system aims to enhance public safety by equipping law enforcement with advanced tools to manage crisis situations safely.
Wrap Technologies, Inc. (NASDAQ: WRAP) announced a major leadership transition to support its growth strategy. CEO Tom Smith and CFO Jim Barnes will step down, with Barnes retiring by year-end. The interim management will be led by L. W. Varner, Jr. as Principal Executive Officer, alongside Glenn Hickman as COO, and Lawrence Hirsh as Senior Advisor. A Special Transition Committee will oversee the leadership search. Wayne Walker has been appointed as the new Chairman of the Board, succeeding Patrick Kinsella. The Board aims to diversify the company's offerings and capitalize on growth opportunities in public safety technologies.
Wrap Technologies (Nasdaq: WRAP) announced a positive outcome from the use of its BolaWrap Remote Restraint device during an incident in Pembroke Pines, Florida, on November 3, 2021. Body cam footage shows officers successfully deploying the device to safely detain an unresponsive individual walking in traffic. CEO Tom Smith emphasized the effectiveness and safety of the BolaWrap, noting increased adoption and education efforts among law enforcement agencies. The company continues to innovate in public safety technologies with products like the BolaWrap and its immersive training system, Wrap Reality.
TEMPE, Ariz., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) announced participation in the Take Aim: Lake Street's Shooting Sports & Public Safety Event on January 26, 2022, at 12:00pm CT. This virtual conference, focusing on investment opportunities in the consumer space, allows institutional investors to engage with executives from multiple publicly traded companies. One-on-one meetings with WRAP management can be scheduled throughout the day. For further details, contact your Lake Street representative.
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