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. (WRAP) delivers innovative public safety solutions through its BolaWrap remote restraint system, VR training platforms, and AI-powered evidence management tools. This news hub provides investors and public safety professionals with essential updates on the company’s operational milestones and technological advancements.
Access real-time updates on earnings reports, product certifications, and strategic partnerships. Track developments in WRAP’s law enforcement solutions including new market expansions, training program launches, and enhancements to its WrapAI evidence management platform.
Key content includes quarterly financial results, regulatory filings, product deployment announcements, and executive leadership updates. All press releases are sourced directly from official corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to WRAP’s latest developments in de-escalation technologies and digital policing solutions. Check regularly for updates on patents, international distribution agreements, and field implementation case studies.
Wrap Technologies, Inc. (Nasdaq: WRAP) has introduced its Use of Force Reduction Guarantee, an industry first aimed at decreasing law enforcement's use of force. The program promises that its BolaWrap® device will result in a 10% or greater reduction in force used by agencies, or the company will buy back the devices. This initiative aligns with the recent push for safer policing methods highlighted by President Biden. Wrap's CEO, TJ Kennedy, emphasized the program's aim to foster safer policing outcomes and change law enforcement dynamics. The BolaWrap® device is designed to enable safe detentions without pain or injury.
Wrap Technologies, Inc. (Nasdaq: WRAP) will host its second Investor Insights webcast on February 15, 2023, at 3:00 p.m. Eastern time. The event will cover recent outcomes from the use of the company's BolaWrap® body camera. Investors can submit questions related to the webinar until 8:00 p.m. Eastern time on February 14, 2023. Interested participants are encouraged to join the webcast 5-10 minutes early using the webcast link. A recording will be available post-event on the company's investor relations site.
Wrap Technologies (Nasdaq: WRAP) reported a successful deployment of its BolaWrap® Remote Restraint device by the Columbia Missouri Police Department. The incident involved a suspect in a behavioral health crisis who was safely taken into custody without harm. Assistant Chief Brian Richenberger praised the BolaWrap® for allowing officers to manage the situation without pain-inducing methods. CEO TJ Kennedy commended the officers for their professional response, highlighting the device's potential to de-escalate situations. Wrap is committed to providing innovative solutions for safer policing, enhancing public safety through its products and immersive training programs.
TEMPE, Ariz., Jan. 31, 2023 – Wrap Technologies (Nasdaq: WRAP) will conduct an investor webinar on February 1, 2023 at 5:00 p.m. Eastern time, focusing on its BolaWrap® tool. The session will discuss its role in non-pain compliance and review a body camera video. Management will present for 30 minutes, followed by a Q&A session. Participants can submit questions in advance until 8:00 p.m. Eastern time on January 31. The webinar can be accessed here.
Wrap Technologies, Inc. (Nasdaq: WRAP) has been invited to present at Lake Street’s Take Aim Conference, taking place virtually on January 25-26, 2023. Management will conduct one-on-one and group calls with investors on January 26. The conference aims to showcase investment opportunities in consumer spaces, allowing institutional investors to engage with executives from various companies.
Wrap is recognized for its innovative public safety technologies, including the BolaWrap Remote Restraint Device and WRAP Reality, a virtual reality training system for law enforcement. These products promote non-pain compliance solutions to enhance public safety practices.
Wrap Technologies, Inc. (Nasdaq: WRAP) has announced a significant deployment of its BolaWrap 150® remote restraint devices across multiple law enforcement agencies in Montgomery County, Texas. This initiative, funded by a grant from the Court of Commissioners of Montgomery County, aims to enhance public safety by equipping the Montgomery County Sheriff’s Office, Constable Offices, and Fire Marshal’s Office with innovative restraint technology. The BolaWrap 150 enables officers to safely subdue individuals from a distance without causing pain, thereby improving safety for both officers and the community.
Wrap Technologies (Nasdaq: WRAP) announced a Professional Services and Technology Acquisition Agreement with Lumeto, Inc. to develop a cloud-based virtual reality training platform. This collaboration aims to enhance the Wrap Reality training platform, allowing for more flexible and cost-effective training solutions for law enforcement agencies. Lumeto will provide technology and licenses, expediting the development of new training scenarios. CEO TJ Kennedy emphasized that this partnership will significantly improve training methods and customer experiences in law enforcement.
Wrap Technologies, Inc. (Nasdaq: WRAP) reported its third quarter 2022 results, with significant improvements in profitability metrics. The company achieved a record 54% gross margin and $1.70 million in net revenue, despite a 6% year-over-year decline. A historic $1.5 million order for the BolaWrap 150 was received in October, indicating strong demand. Operational expenses were reduced by 28%, contributing to a 35% improvement in net loss. Wrap aims for cash flow break-even by the end of 2023 and profitability by 2024.
Wrap Technologies (Nasdaq: WRAP) announced significant international orders for its BolaWrap 150 remote restraint devices on November 9, 2022. The company secured an initial order from a large law enforcement agency in South America for 120 devices and related training services. Furthermore, an order from a new EMEA customer is valued at over $1.5 million, marking the largest single order in WRAP's history. These developments are expected to enhance WRAP’s revenue growth in Q4 2022, indicating strong momentum in international markets.
Wrap Technologies, Inc. (Nasdaq: WRAP) will host a video webcast on November 9, 2022, at 5:00 p.m. Eastern to discuss its financial results for Q3 ending September 30, 2022. A press release with results will precede the call. The event will feature management presentations and a Q&A segment, with questions submitted by November 4. Wrap specializes in public safety technologies, including its BolaWrap device and Wrap Reality training system, designed to enhance law enforcement capabilities.
