Streetbeat News

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

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

The article highlights significant intraday movements in Information Technology stocks on Wednesday. Comtech Telecom (CMTL) and Actelis Networks (ASNS) saw the largest gains, while Quantum (QMCO) experienced the most substantial decline.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 4:30 pm

President Biden has reacted to the Supreme Court's ruling on 'bump stocks', stating that the decision strikes down an important gun safety regulation.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:40 pm

The article highlights the performance of various Information Technology stocks during Monday's after-market session. Notable gainers include NextNav, Presto Automation, iLearningEngines, Alpine 4 Holdings, Akoustis Technologies, and Wrap Technologies. On the losing side, Ascent Solar Technologies, GCT Semiconductor Holdings, Actelis Networks, Oblong, Meta Materials, and Schmid Group saw declines.

Portfolio Pulse from Benzinga Insights

May 27, 2024 | 8:31 pm

Wrap Technologies has received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1). This rule pertains to the timely filing of periodic financial reports. The company must submit a plan to regain compliance within a specified period to avoid delisting.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 5:31 pm

The article highlights the performance of 12 Information Technology stocks during Tuesday's after-market session. AEye, Cemtrex, Iveda Solutions, WiSA Technologies, Wrap Technologies, and Maxeon Solar Technologies saw gains, while Viasat, SatixFy Communications, Sequans Communications, Cyngn, Telos, and Baijiayun Group experienced declines.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 8:30 pm

In Tuesday's after-market session, several information technology stocks showed significant movement. Genasys, AEye, and Mobix Labs reported their Q2 earnings, leading to stock price increases. In contrast, Infinera's Q4 earnings report resulted in a stock price decrease. Other stocks moved based on market dynamics without specific earnings reports mentioned.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 8:31 pm

In Friday's after-market session, several information technology stocks showed notable movements. Baijiayun Group led the gainers with a 14.8% increase, while MMTEC experienced the largest drop among the losers, declining by 10.5%. Other notable companies such as Wrap Technologies, Sonim Technologies, and Evolv Technologies also saw their stock prices increase. Conversely, companies like DZS, Greenidge Generation Holdings, and Pixelworks faced declines.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:31 pm

Wrap Technologies, Inc. (NASDAQ:WRAP) has entered into a strategic distribution partnership with Kokusai Security Service to distribute its public safety technologies, including the BolaWrap remote restraint device, Wrap Reality VR Training system, and Intrensic Body Worn Cameras and Cloud Services Solutions in the Asia-Pacific region. This partnership aims to expand the reach of Wrap Technologies' products and enhance public safety by leveraging Kokusai Security's network and expertise.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:17 pm

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