Wrap Technologies Q4 2023 Earnings Report

Wrap Technologies EPS Results

• Actual EPS: -$0.44
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Wrap Technologies Revenue Results

• Actual Revenue: $0.59 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Wrap Technologies Announcement Details

• Quarter: Q4 2023
• Date: 8/28/2024
• Time: N/A
• Conference Call Date: Wednesday, August 28, 2024
• Conference Call Time: 8:00AM ET

Wrap Technologies (NASDAQ:WRAP) (NASDAQ: WRAP) is a designer and manufacturer of less-lethal restraint devices aimed at law enforcement and security professionals. Its flagship product, the BolaWrap®, is a handheld remote restraint tool that deploys a Kevlar-reinforced cord to safely immobilize individuals from a distance of up to 25 feet. The system is engineered to support de-escalation tactics and reduce reliance on physical force in high-risk encounters.

Based in Scottsdale, Arizona, Wrap Technologies oversees product development, testing and training at its headquarters. The company collaborates with police departments, correctional facilities and private security organizations to conduct field evaluations, earn certifications and refine device ergonomics. Wrap periodically releases firmware updates and training aids to ensure optimal performance and user proficiency.

Since its founding in 2018, Wrap Technologies has expanded distribution across North America and forged partnerships to enter markets in Europe, the Middle East and Australia. Strategic relationships with regional distributors enable efficient logistics, customer support and regulatory compliance. The leadership team combines expertise in law enforcement, engineering and medical-device manufacturing, reflecting the company’s focus on innovation and public safety.