Wrap Technologies, Inc.
- Open
- 1.29
- Day high
- 1.39
- Day low
- 1.26
- Prev close
- 1.29
- Volume
- 63K
- Mkt cap
- $77M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 5.3
- P/S
- 15.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$364K over the last 3 months (0 open-market buys, 5 sales)
- 🏛Institutions accumulating (13F)
Wrap Technologies, Inc. (WRAP) is a Technology company listed on NASDAQ. The stock is down 17% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 5 sales (SEC Form 4).
Wrap Technologies, Inc. (WRAP) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
WRAP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 13, 2026 | $-0.10 | $-0.09 | +12.9% | $1M | -30.9% |
| Mar 26, 2026 | $-0.10 | $-0.08 | +22.6% | $1M | -12.7% |
| Nov 12, 2025 | — | $-0.06 | — | $1M | — |
| Aug 14, 2025 | — | $-0.07 | — | $1M | — |
| May 15, 2025 | — | $-0.00 | — | $765000 | — |
| Mar 31, 2025 | — | $-0.17 | — | $865000 | — |
| Nov 14, 2024 | — | $0.04 | — | $593000 | — |
| Sep 25, 2024 | — | $0.00 | — | $1M | — |
| Nov 9, 2023 | $-0.10 | $-0.05 | +50.0% | $4M | +51.3% |
| Aug 9, 2023 | $-0.11 | $-0.12 | -9.1% | $1M | -36.7% |
| May 2, 2023 | $-0.11 | $-0.08 | +23.4% | $4M | +122.6% |
| Aug 10, 2022 | $-0.13 | $-0.12 | +7.7% | $1M | -38.1% |
WRAP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 5, 2026 | Cohen Scotdirector, 10 percent owner, officer: Executive Chairman and CEO | Grant | 30,435 | — |
| Jun 5, 2026 | Cohen Scotdirector, 10 percent owner, officer: Executive Chairman and CEO | Grant | 21,740 | — |
| May 5, 2026 | NORRIS ELWOOD G10 percent owner | Sell | 31,991 | $2.08 |
| May 5, 2026 | NORRIS ELWOOD G10 percent owner | Sell | 20,000 | $2.20 |
| May 5, 2026 | NORRIS ELWOOD G10 percent owner | Sell | 27,104 | $1.82 |
| May 5, 2026 | NORRIS ELWOOD G10 percent owner | Sell | 35,000 | $1.82 |
| May 5, 2026 | NORRIS ELWOOD G10 percent owner | Sell | 75,000 | $1.87 |
| May 4, 2026 | SHULMAN JOHN Ddirector | Grant | 19,643 | — |
| May 4, 2026 | Szymanski Timothydirector | Grant | 19,643 | — |
| May 1, 2026 | Srinivasan Rajivdirector | Grant | 19,643 | — |
| May 1, 2026 | Bernstein Brucedirector | Grant | 19,643 | — |
| May 1, 2026 | Savas Marcdirector | Grant | 19,643 | — |
| Apr 6, 2026 | Cohen Scotdirector, 10 percent owner, officer: Executive Chairman and CEO | Grant | 4,763 | — |
| Apr 6, 2026 | Cohen Scotdirector, 10 percent owner, officer: Executive Chairman and CEO | Grant | 3,402 | — |
| Mar 6, 2026 | Cohen Scotdirector, 10 percent owner, officer: Executive Chairman and CEO | Grant | 38,740 | — |
Source: WRAP SEC Form 4 filings, latest Jun 5, 2026. For informational purposes only — not investment advice.
See the full WRAP insider & 13F page →Wrap Technologies, Inc. company profile
Overview
Wrap Technologies, Inc. (NASDAQ:WRAP) is a public safety technology company founded in 2016 and based in Tempe, Arizona. The company went public in May 2018 and specializes in developing non-lethal law enforcement solutions. Wrap Technologies has evolved from a single-product company focused on remote restraint devices to a broader public safety technology provider offering integrated solutions including training platforms and evidence management systems. The company operates globally across the Americas, Europe, the Middle East, Africa, and Asia Pacific regions.
Business
Wrap Technologies operates in the public safety technology sector, developing tools and services for law enforcement and security personnel. The company's core offering centers around de-escalation technology designed to provide law enforcement officers with alternatives to traditional use-of-force methods. The flagship product is the BolaWrap 150, a handheld remote restraint device that fires a Kevlar cord to entangle and restrain non-compliant individuals from a distance of 10-25 feet. Unlike tasers that deliver electrical shocks or pepper spray that causes pain, the BolaWrap works by physically restraining a person's movement without causing injury. The device is designed for situations where officers need to control a subject who is not complying but hasn't yet escalated to violence, filling a gap in the traditional force continuum between verbal commands and more aggressive interventions. Beyond the hardware, Wrap Technologies has expanded into complementary public safety solutions. The company offers Wrap Reality, a virtual reality training platform that allows law enforcement officers to practice de-escalation scenarios in simulated environments. This includes the ADAPT module for scenario-based training. Additionally, through its acquisition of Intrensic LLC, the company provides body-worn cameras and cloud-based evidence management systems called "Evidence on Cloud." The company's business segments include device sales (BolaWrap units and cartridges), training solutions (VR platforms and modules), and evidence management services. While specific revenue breakdowns aren't consistently disclosed, device sales appear to constitute the majority of revenue, with training and services representing growing but smaller portions of the business.
Competitive moat
Wrap Technologies operates in a specialized niche but faces significant competitive challenges that limit its defensive positioning. The company's primary competitive advantage lies in its first-mover status in the remote restraint category and the unique mechanism of its BolaWrap technology, which differs from traditional tasers, pepper spray, or batons by providing physical restraint without pain compliance. The company benefits from regulatory and adoption barriers that create switching costs once agencies integrate the technology into their operations. Law enforcement agencies move slowly when adopting new tools due to liability concerns, training requirements, and procurement processes. Once deployed, the BolaWrap becomes part of standard operating procedures and officer training, creating some stickiness. However, the moat is relatively narrow. The technology, while novel, is not protected by insurmountable patents, and larger defense contractors or established law enforcement equipment manufacturers could potentially develop competing solutions. Companies like Axon Enterprise (maker of Taser devices) have significantly greater resources, established relationships with law enforcement agencies, and broader product portfolios that could be leveraged to compete directly. The company's expansion into training and evidence management systems represents an attempt to build a more comprehensive platform, but these markets are already served by established players with deeper pockets and longer track records. The international expansion strategy faces competition from local suppliers and established multinational defense contractors who have existing government relationships. The most significant competitive threat comes from budget constraints in law enforcement agencies and the optional nature of the BolaWrap technology. Unlike essential equipment, de-escalation tools compete for discretionary spending, making the company vulnerable to budget cuts or competing priorities. The effectiveness data that Wrap Technologies is collecting may help strengthen its position, but the company remains in a relatively weak competitive position against larger, more established players in the law enforcement technology market.
Risks & safety
Wrap Technologies presents a mixed margin of safety profile with concerning liquidity metrics but some asset backing. **Overall Assessment:** The company faces near-term financial stress with negative cash flows and tight liquidity, though recent improvements in operations provide some optimism. **Cash and Solvency:** - Cash position: $6.2 million as of Q1 2025, improved from $3.6 million year-over-year - Current ratio: 0.98, indicating potential liquidity stress - Debt-to-equity ratio: 0.83, manageable but elevated - Operating cash flow: -$3.1 million in Q1 2025 - Monthly cash burn: Approximately $600,000 based on management guidance **Valuation Metrics:** - Price-to-book ratio: 32.2x, indicating expensive valuation relative to book value - EV/EBITDA: Negative due to losses, but EBITDA losses improving - Graham net-net: 0.17, suggesting some asset backing per share - Finished inventory: $25 million provides significant asset cushion **Other Considerations:** - Revenue volatility due to lumpy government contracts creates forecasting difficulty - Improving gross margins (77.8% in Q1 2025) suggest operational leverage potential - International opportunities, particularly Chile, could provide significant upside but remain uncertain - Recent cost reduction efforts have lowered monthly burn rate substantially
Recent development
Over the past few years, Wrap Technologies has undergone significant strategic transformation from a single-product company to a broader public safety technology provider. The most notable pivot has been the expansion beyond the BolaWrap device into comprehensive public safety solutions through strategic acquisitions and internal development. In 2023, the company acquired Intrensic LLC to add body-worn cameras and cloud-based evidence management capabilities, followed by the 2024 acquisition of W1 Global to enhance international market access and government relationships. These moves reflect management's vision of becoming an "end-to-end service provider" rather than just a device manufacturer. The company has also invested heavily in data collection and validation efforts to demonstrate the BolaWrap's effectiveness in reducing use-of-force incidents and officer injuries. This data-driven approach represents a shift from purely marketing the product's capabilities to providing empirical evidence of its impact, which management believes will accelerate adoption by risk-averse law enforcement agencies. Operationally, Wrap Technologies has undergone significant restructuring, including moving manufacturing operations to Virginia, establishing a Washington D.C. office for federal business development, and bringing in talent from law enforcement and intelligence communities. The company has also dramatically reduced its cost structure, cutting monthly expenses to approximately $600,000 while maintaining its core operations. The international expansion strategy has intensified, with particular focus on leveraging U.S. government resources like EXIM Bank financing to facilitate foreign sales. The Chile opportunity, involving potential deployment to 33,000 officers, represents the company's largest international prospect and could significantly impact future revenues if successful.
WRAP company profile · for informational purposes only — not investment advice.
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