WRAP
Wrap Technologies
Been waiting for this to reverse big and now we got the DHS contract pr last night
If you dont know what the BolaWrap is you should youtube it
BolaWrap is going to replace the Taser worldwide. Already getting full adoption in Italy. Contracts have been coming in thru US police departments and the biggest hopsital security firm is going to use the BolaWrap. Chile is already using them and plan on ordering it for all the police.
This will be in every hospital and school in the US
Its not the numbers the future
* Revenue increased 45% to $1.1 million, compared to $0.8 million in the prior-year period
* Bookings totaled $3.2 million in Q1 2026, including approximately $1.1 million from domestic sales and $2.1 million from international sales, reflecting continued global demand for Wrap’s Non-Lethal Response solutions.
* Product sales increased 186% to $0.9 million, compared to $0.3 million in the prior-year quarter, driven by increased domestic and international demand for the BolaWrap 150 product line
* Wrap received a purchase order for BolaWrap technology from the U.S. Department of Homeland Security, providing an early federal adoption milestone as the Company advances its Wrap Federal strategy across non-lethal response, drone interdiction, and counter-UAS markets.
* Gross profit increased 16% to $0.7 million, compared to $0.6 million in the prior-year period
* Gross margin was 62%, compared to 78% in the prior-year period
* Total operating expenses were $5.5 million, compared to $4.5 million in the prior-year period, with the year-over-year increase primarily reflecting higher non-cash share-based compensation expense
* Loss from operations was $(4.8) million, compared to $(3.9) million in the prior-year period
* Net loss was $(4.5) million compared to net income of $0.1 million in the prior-year period; the prior-year period included a $4.0 million non-cash gain from the change in fair value of warrant liabilities
* Cash and cash equivalents were $7.3 million at March 31, 2026, compared to $3.5 million at December 31, 2025
* Cash used in operating activities improved 59% to $(1.2) million, compared to $(3.1) million in the prior-year period
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