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Wrap Technologies, Inc. - WRAP STOCK NEWS

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) is at the forefront of developing non-lethal public safety technologies. Headquartered in Tempe, Arizona, the company is renowned for creating innovative solutions tailored for law enforcement and security personnel across the globe. One of its flagship products, the BolaWRAP® 150 Remote Restraint Device, is a patented handheld tool that deploys a Kevlar® cord to safely restrain individuals from a distance of 10-25 feet. This device addresses the critical need for non-violent de-escalation in tense situations, making it an essential tool for over 900 agencies in the US and 60 countries worldwide.

Wrap Technologies is committed to creating safer communities through its diverse product lineup. The Wrap Reality™ virtual reality training system offers a fully immersive experience, providing first responders with realistic scenarios to hone their skills and improve decision-making in the field. This innovative platform significantly enhances public safety training by addressing the dynamic nature of modern law enforcement situations.

Adding to its portfolio, Wrap's Intrensic solution is a comprehensive body-worn camera and evidence management system. This platform ensures the accurate capture, secure handling, and reliable storage of evidence, fostering greater trust and transparency in law enforcement procedures. With features like AI Auto-Tagging, which leverages advanced machine learning to streamline video analysis, the Intrensic system supports compliance and reduces operational costs.

Wrap Technologies has established strategic partnerships to expand its reach and impact. Notably, its collaboration with Kokusai Security in the Asia-Pacific region aims to promote the adoption of Wrap's products, bolstering public safety and operational effectiveness across new markets.

Recent achievements of the company include the continued refinement and deployment of its BolaWRAP® device, advancements in virtual reality training through Wrap Reality™, and ongoing enhancements to the Intrensic platform. With a steadfast focus on innovation, Wrap Technologies remains dedicated to equipping law enforcement and security personnel with the tools they need to perform their duties safely and effectively.

For further details, visit wrap.com or contact their Investor Relations at 800.583.2652 or via email at ir@wrap.com.

News

Wrap Technologies Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) has received a notification from the Nasdaq Stock Market stating non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The company has 60 days to submit a compliance plan to Nasdaq or face potential delisting. The notification does not impact the immediate listing of the company's common stock.
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Wrap Technologies, Inc. Provides Update on Operations and Timing to Report Financial Results

Rhea-AI Summary
Wrap Technologies, Inc. provides an update on its operations and timing for reporting financial results. The company expects to release fourth quarter and full year 2023 results soon, with revenue estimated at approximately $6.1M. No financial restatements are anticipated, but the Form 10-K filing for 2023 has been delayed. Investors are advised not to rely solely on these estimates.
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Wrap Technologies Launches “WrapAI™” Suite of Artificial Intelligence-Powered Functionality for Intrensic BWC and DEMS

Rhea-AI Summary
Wrap Technologies, Inc. launches WrapAI™, an artificial intelligence product suite for its Intrensic Body-Worn Camera and Digital Evidence Management platform. The suite includes AI Auto-Tagging, AI Video Redaction, Automated Transcription, and AI-Assisted Contextual Content Search, aiming to streamline operations for police departments and private security firms worldwide.
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Wrap Technologies, Inc. to Schedule New Date for Issuance of Financial Results and Investor Conference Call for Q4 and FY 2023

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Wrap Technologies, Inc. postpones the release of its financial results and investor call for Q4 and full year 2023 to finalize year-end reporting process.
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Wrap Technologies, Inc. to Report Last Quarter 2023 Financial Results on Thursday, March 28, 2024 at 4:30 p.m. ET

Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) will host a conference call to discuss its financial and operational results for the last quarter of 2023 on March 28th. Interested parties can submit questions prior to the call, which will address the Company's strategic direction and execution.
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Wrap Technologies, Inc. Announces Full Deployment of BolaWrap for Fairfax County Police Department

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Wrap Technologies, Inc. (Nasdaq: WRAP) has achieved a significant milestone with the full deployment of the BolaWrap Remote Restraint device for the Fairfax County Police Department in Virginia. The decision to implement BolaWrap devices department-wide follows a successful pilot program, marking a major advancement in public safety. The deployment showcases Wrap's commitment to providing law enforcement agencies with non-lethal tools for de-escalation and conflict resolution, reflecting a growing recognition of the importance of modern, non-lethal tools in policing.
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Wrap Technologies, Inc. Positions for Scale with Manufacturing and Sales Expansion while Reducing Workforce by 30%

Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) announces cost reduction initiatives, expansion in manufacturing, and investment in enterprise-level sales and marketing infrastructure to position the company for growth in 2024 and beyond. The company has reduced its labor force by 30% to achieve $2.4M in annual savings, while expanding manufacturing capacity and building a robust sales and marketing team. These measures aim to meet the increasing global demand for its solutions and drive shareholder value.
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Wrap Technologies, Inc. Appoints Scot Cohen as Chief Executive Officer

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Wrap Technologies, Inc. (Nasdaq: WRAP) appoints Scot Cohen as new CEO, emphasizing top-line growth, talent recruitment, and cost optimization. Cohen's extensive experience in institutional asset management and capital markets positions him to lead the company into new markets. The company also appoints Kevin Mullins as President, expressing gratitude for his contributions. Under Cohen's leadership, Wrap aims for future growth and higher purpose policing.
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Wrap Technologies, Inc. Announces Largest BolaWrap Order in Company History

Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) proudly announces receiving a $4.9 million BolaWrap order, the largest in Company history, signaling a potential global deployment opportunity for WRAP’s solution set in 2024. The order, placed by a distributor, validates the increasing recognition of BolaWrap's efficacy in modern law enforcement. CEO Kevin Mullins highlights the significance of the commitment from the customer, emphasizing the value and impact of WRAP's solutions.
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Wrap Technologies, Inc Unveils Cutting-Edge AI Functionality for Wrap Intrensic Body-Worn Camera Solution

Rhea-AI Summary
Wrap Technologies, Inc. (Nasdaq: WRAP) announced the release of new AI functionalities for their Wrap Intrensic Body-Worn Camera Solution and Digital Evidence Management System platform. The new features include AI Video Redaction, Automated Transcription of Voice-Captured Video, AI-Assisted Contextual Content Search, and AI Video Content Review, reinforcing the company's commitment to providing cutting-edge tools for law enforcement professionals. These advancements aim to enhance transparency, efficiency, safety, and accountability in policing.
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FAQ

What is the current stock price of Wrap Technologies (WRAP)?

The current stock price of Wrap Technologies (WRAP) is $1.62 as of December 20, 2024.

What is the market cap of Wrap Technologies (WRAP)?

The market cap of Wrap Technologies (WRAP) is approximately 72.4M.

What does Wrap Technologies, Inc. do?

Wrap Technologies, Inc. develops non-lethal public safety solutions, including the BolaWRAP® 150 Remote Restraint Device, Wrap Reality™ VR training system, and Intrensic body-worn cameras.

Where is Wrap Technologies headquartered?

Wrap Technologies is headquartered in Tempe, Arizona.

What is BolaWRAP® 150?

BolaWRAP® 150 is a hand-held device that deploys a Kevlar® cord to safely restrain individuals from a distance, designed for non-violent de-escalation by law enforcement.

What is Wrap Reality™?

Wrap Reality™ is a virtual reality training system that provides immersive training scenarios for first responders to improve decision-making and tactical skills.

What is the Intrensic solution?

Intrensic is a body-worn camera and evidence management system that captures, handles, stores, and tracks evidence securely, enhancing transparency and trust in law enforcement.

How many agencies use Wrap Technologies' products?

Over 900 agencies in the US and 60 countries worldwide use Wrap Technologies' products.

Who is Wrap Technologies' partner in the Asia-Pacific region?

Wrap Technologies has partnered with Kokusai Security to distribute their products in the Asia-Pacific region.

What is AI Auto-Tagging in the Intrensic system?

AI Auto-Tagging is a feature that uses machine learning algorithms to automatically identify and label objects and activities in video evidence, streamlining the analysis process.

How can I contact Wrap Technologies for investor relations?

You can contact Wrap Technologies for investor relations at 800.583.2652 or via email at ir@wrap.com.

Where can I find more information about Wrap Technologies?

For more information, you can visit the Wrap Technologies website at wrap.com.

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Wrap Technologies, Inc.

Nasdaq:WRAP

WRAP Rankings

#4644 Ranked by Market Cap
N/A Ranked by Dividends

WRAP Stock Data

72.44M
31.35M
30.82%
10.59%
10.48%
Scientific & Technical Instruments
Ordnance & Accessories, (no Vehicles/guided Missiles)
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United States of America
TEMPE