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. develops public safety technology and non-lethal response products for law enforcement, security and related public safety organizations. Company news commonly covers BolaWrap® remote restraint devices, WrapReality™ immersive training deployments, WrapVision digital evidence capabilities, customer purchase orders, contract renewals, and international partner activity.
Recurring updates also address WRAP's broader Non-Lethal Response™ platform, including training programs, policy-centered implementation, healthcare and campus security applications, and research initiatives tied to drone and counter-drone public safety capabilities. Financial-result announcements and operating updates frame product sales, technology-enabled services, market expansion and cost management.
Wrap Technologies, Inc. (Nasdaq: WRAP) will hold its virtual-only 2022 annual meeting of stockholders on June 23, 2022, at 9:00 A.M. PT. Stockholders of record as of April 25, 2022, can attend and participate via a provided link or by phone. The company encourages early voting by today's 5:00 P.M. PT deadline. Additional details are available in the definitive proxy statement filed on April 30, 2022. Wrap specializes in public safety technologies, offering products like the BolaWrap® Remote Restraint device and the Wrap Reality training system, aimed at enhancing law enforcement operations.
Wrap Technologies (Nasdaq: WRAP) has received an official endorsement from the National De-escalation Training Center (NDTC) for its BolaWrap Remote Restraint technology. The NDTC, a leader in law enforcement training, recognizes BolaWrap as a significant advancement in safe de-escalation practices. This endorsement highlights Wrap's commitment to innovation in public safety, as BolaWrap helps law enforcement officers safely restrain individuals from a distance, reducing the necessity for force. Wrap’s CEO, TJ Kennedy, expressed pride in the endorsement by the top source for de-escalation training.
Wrap Technologies (Nasdaq: WRAP) has appointed Carlos Casas as the new Vice President of Sales & Marketing. With over 24 years of experience in sales and marketing across various sectors, including law enforcement and technology, Casas aims to implement a global sales strategy to meet increasing market demand for de-escalation solutions. Wrap's President, Kevin Mullins, expressed enthusiasm about Casas' diverse skill set and growth experience, emphasizing the company's focus on enhancing public safety through innovative technologies like the BolaWrap.
Wrap Technologies, Inc. (Nasdaq: WRAP) will present at the LD Micro by SRAX Invitational XII from June 7 to 9, 2022, at Four Seasons, Westlake Village, California. Management will present on June 8 at 1:00 PM PT and will be open for one-on-one meetings. Wrap focuses on innovative public safety technologies, including the BolaWrap® Remote Restraint device and Wrap Reality, a virtual reality training platform. These tools promote safe law enforcement practices by enabling officers to manage uncooperative individuals without resorting to higher levels of force.
Wrap Technologies, Inc. (Nasdaq: WRAP) has secured a five-year purchase order for its Wrap Reality virtual reality training system from a County Sheriff’s Office in Kentucky. The training tool aims to enhance law enforcement skills in de-escalation tactics through immersive simulations. The initial demo in March 2022 showcased its effectiveness in safely managing potential conflicts. CEO TJ Kennedy emphasized the significance of this long-term contract, reflecting market confidence in their training solutions.
Wrap Technologies, a leader in public safety technologies, reported a net revenue of $1.6 million for Q1 2022, reflecting a 3.7% increase from the prior year. The company achieved a gross margin of 42%, up from 39% year-over-year. Wrap appointed TJ Kennedy as CEO and Kevin Mullins as President, marking a new leadership phase. Despite incurring $0.4 million in promotional discounts for product upgrades, gross profit grew by 10% to approximately $0.7 million. The company anticipates continued sales growth and reduced promotional costs in the coming quarters.
Wrap Technologies, Inc. (Nasdaq: WRAP) will report its first quarter fiscal 2022 results on May 3, 2022. An investor conference call is scheduled for 4:30 PM ET on the same day to discuss the results. The call and supplemental materials will be accessible through the Company’s investor relations website. Wrap Technologies specializes in public safety technologies, offering innovative solutions like the BolaWrap Remote Restraint device and Wrap Reality training system, aimed at improving law enforcement practices.
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.