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WRAP

Wrap Technologies, Inc.

https://www.wrap.com

Industry

Hardware, Equipment & Parts

Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company develops BolaWrap 150, a hand-held remote restraint device that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2016 and is based in Tempe, Arizona.

Open

1.50

Mkt cap

64M

Volume

188K

High

1.50

P/E Ratio

-2.69

52-wk high

7.01

Low

1.37

Div yield

N/A

52-wk low

1.21

Wrap Technologies has achieved a 22% reduction in operating expenses year-over-year, positioning the company for growth and profitability by 2025. The company has made significant advances in financial controls and cost management, paving the way for sustainable operations and market leadership.

Portfolio Pulse from

November 14, 2024 | 10:45 pm

Wrap Technologies has regained compliance with Nasdaq's listing requirements, ensuring its continued presence on the exchange. This development is crucial for maintaining investor confidence and access to capital markets.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:06 pm

In Monday's pre-market session, several information technology stocks experienced significant movements. Notable gainers included Wrap Technologies, Auddia, and Blend Labs, while major losers were Zapata Computing Holdings and ZenaTech.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 12:08 pm

Several information technology stocks experienced significant price movements during Wednesday's intraday session. Notable gainers included Cipher Mining, MicroAlgo, and Alpha Technology Group, while Banzai International and Intchains Gr were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 2:42 pm

A tragic school shooting in Georgia has resulted in 4 deaths and 30 injuries. The incident may impact companies related to firearms and security technology.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:24 pm

A tragic school shooting occurred at Apalachee High School in Georgia, resulting in two deaths and four injuries. One suspect is in custody.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:17 pm

Wrap Technologies has received a non-compliance notice from Nasdaq due to a delay in filing its Q2 2024 quarterly report. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:37 pm

The San Francisco Police Department (SFPD) will deploy 60 BolaWrap devices from Wrap Technologies, Inc. (NASDAQ:WRAP) as part of a pilot program aimed at de-escalation and addressing mental health-related calls. This initiative aligns with the efforts of other California-based law enforcement agencies to adopt innovative policing tools.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 1:14 pm

Wrap Technologies' CEO Scot Cohen issued a letter to shareholders detailing the company's recent strategic pivots, including new auditors, NASDAQ compliance efforts, significant operational expense reductions, and a focus on de-escalation solutions. The company aims to become a leading provider of non-lethal de-escalation tools and training for law enforcement.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:06 pm

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