WRAP TECHNOLOGIES (WRAP) Company Report

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Earnings summaries and quarterly performance for WRAP TECHNOLOGIES.

Research analysts covering WRAP TECHNOLOGIES.

Recent press releases and 8-K filings for WRAP.

Wrap Technologies Raises $5 Million in Private Placement

WRAP

New Projects/Investments

Product Launch

Wrap Technologies, Inc. (WRAP) completed a private placement, raising $5 million in gross proceeds.
This capital is expected to enable the company to restart domestic manufacturing, advance validated R&D programs into commercialization, and accelerate early growth initiatives.
The private placement involved the issuance of 2,500,000 shares of common stock at a purchase price of $2.00 per share (or per pre-funded warrant in lieu thereof) and warrants to purchase up to an aggregate of 2,500,000 shares of common stock.
The common warrants are immediately exercisable at an initial exercise price of $2.30 per share and expire five years from the date of issuance.

2 days ago

Wrap Technologies, Inc. Reports Strong Q3 2025 Revenue Growth and Improved Operating Results

WRAP

Earnings

Revenue Acceleration/Inflection

Product Launch

Wrap Technologies, Inc. reported gross revenue of $2.0 million for the third quarter ended September 30, 2025, representing a 241% increase compared to the same period in 2024 and its strongest quarterly performance in the past eight quarters.
Net revenue for Q3 2025 was $1.5 million, up 151% year-over-year, primarily driven by stronger BolaWrap® product sales and the addition of managed services revenue.
Gross profit for the quarter increased 276% to $0.9 million, with the gross margin expanding to 59% from 40% in the prior-year period.
Operating loss improved by 24% to $2.8 million for Q3 2025, compared to $3.6 million in the third quarter of 2024, due to a 6% reduction in operating expenses to $3.6 million.
Recurring subscription sales reached $236,000 in Q3 2025, accounting for approximately 12% of total gross revenue, reflecting the company's ongoing transition towards a recurring revenue model.

Nov 12, 2025, 9:51 PM

WRAP Reports Q3 2025 Revenue and Strategic Shift to Subscription Model

WRAP

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

WRAP reported $2 million in gross revenue for Q3 2025, with 12% derived from subscription-based sales, marking its strongest quarter in the past two years and suggesting an improvement in core fundamentals.
The company is strategically transforming from a device manufacturer to a provider of non-lethal response subscription solutions, expanding its product family to include Wrap Vision, Wrap Reality, and Merlin.
WRAP has expanded its market focus beyond U.S. law enforcement to include federal, defense, and international markets, establishing Wrap Federal and opening a new U.S. manufacturing and training facility in Norton, Virginia.
The company has undertaken a significant hiring spree, onboarding close to 18 people in sales and marketing, and is evaluating options to tap capital markets for future needs.

Nov 12, 2025, 9:30 PM

Wrap Technologies Appoints John Shulman to Board and Announces CFO Departure

WRAP

Board Change

CFO Change

Management Change

Wrap Technologies expanded its Board of Directors to six members with the appointment of John D. Shulman, Founder and Managing Partner of Juggernaut Capital Partners.
John D. Shulman founded Juggernaut Capital Partners in 2009, a firm with over $1 billion in assets under management, and brings over 25 years of private investment experience to the Board.
Jerry Ratigan mutually agreed to separate from his roles as Chief Financial Officer, Principal Accounting Officer, and Principal Financial Officer, effective October 24, 2025.
Scot Cohen, Wrap's Chief Executive Officer, has resumed the roles of Principal Financial Officer and Principal Accounting Officer, positions he previously held.

Oct 27, 2025, 1:00 PM

WRAP Technologies enters into agreement for Series B Convertible Preferred Stock and Warrants

WRAP

Convertible Preferred Issuance

WRAP Technologies, Inc. entered into a Securities Purchase Agreement on August 18, 2025, to sell 4,500 shares of newly-designated Series B Convertible Preferred Stock with a stated value of $1,000 per share.
The Series B Preferred Stock is initially convertible into up to 3,000,000 shares of common stock at an initial conversion price of $1.50 per share, subject to stockholder approval.
The agreement also includes accompanying warrants to purchase up to 3,000,000 shares of Common Stock at an initial exercise price of $1.50 per share.