Wrap Technologies, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $105.1M
- Price
- $1.55
- % Change (Daily % change from the live per-ticker quote feed.)
- +6.90%
- Volume
- 728.8K
About
Wrap Technologies, Inc. is an enterprise dedicated to public safety technology and services, engineering advanced solutions for security personnel and law enforcement agencies. Its flagship offering is the BolaWrap 150, a portable, remote restraint tool designed to de-escalate situations. This innovative device propels a Kevlar cord, enabling officers to safely manage uncooperative individuals from distances ranging between 10 and 25 feet. Established in 2016 and based in Tempe, Arizona, Wrap Technologies maintains a broad international footprint, serving markets across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region.
Quick stats
Shares outstanding67.8M
Computed float51.6M
Float / shares76.1%
Cash runway (months)19.4
Key info
SectorTechnology
IndustryHardware, Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001702924
Websitehttps://www.wrap.com
AI Summary
AI-generated1/50
minorbullishoperations update
WRAP Moves to Operationalize De-Escalation, Advances New BolaWrap 150 Doctrine Toward California POST Certification
WRAP Technologies has completed a new law enforcement doctrine and training methodology built around the BolaWrap 150 and submitted the curriculum for independent validation ahead of applying for California POST certification.
The framework rests on ATF Ruling 2026-2, which classifies the BolaWrap 150 as an instrument of restraint rather than a firearm or any other weapon, allowing WRAP to position remote restraint as an option between verbal de-escalation and weapons-based force.
Management frames certified training, delivered digitally through the Wrap Tactics learning management system, as a potential recurring-revenue layer on top of device and cassette sales, with California intended as the first template to replicate across additional states.
No certification has been granted yet and the release contains no financial figures or adoption commitments; all stated benefits to the business remain prospective.
Red flags
- California POST certification not yet obtained -- curriculum only submitted for independent validation, application still pending
- No financial metrics, contracts, or purchase commitments disclosed; adoption and revenue benefits framed entirely as 'potential' and 'believed'
- Heavily promotional release with extensive forward-looking statements and no near-term catalysts confirmed