Wrap Technologies, Inc. develops and sells innovative non-lethal policing solutions primarily to law enforcement agencies across the U.S., including virtual training and non-lethal weapons.

# Company Overview: Wrap Technologies, Inc.

**Company Name:** Wrap Technologies, Inc.  
**State of Incorporation:** Delaware  
**Headquarters Address:** 3480 Main Hwy, Suite 202, Miami, Florida 33133  
**Telephone:** (800) 583-2652  

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## Business Activities and Focus
Wrap Technologies, Inc. develops and sells innovative public safety products, primarily focusing on non-lethal and less-lethal policing solutions. The company’s core product offerings include:

- **Wrap Reality System:** A virtual training platform for law enforcement.
- **Apprehend and Taser Devices:** Non-lethal tools designed to reduce police-involved injuries and fatalities.

The company's technology aims to improve law enforcement interactions, enhance officer safety, and reduce casualties by providing smarter, less-lethal options for crowd control, suspect apprehension, and officer training.

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## Market and Customer Base
- The company markets its products primarily to law enforcement agencies across the United States.
- The number of customers (law enforcement agencies and departments) is not specified.

## Employee Count
- The exact number of employees is not provided in the documentation.

## Financial Information
- **Revenue:** Not disclosed.
- **Net Income or Loss:** Not disclosed.
- **Market Capitalization:** As of June 30, 2024, the total market value of the company's common stock held by non-affiliates was approximately **$69.4 million** based on a closing stock price of $2.00 per share.
- **Shares Outstanding:** As of April 24, 2025, there are approximately **50,554,267** shares of common stock outstanding.

## Additional Company Details
- The company is publicly traded on Nasdaq under the ticker symbol **WRAP**.
- It qualifies as a "Smaller Reporting Company" and an "Emerging Growth Company" per SEC rules.
- The company is not registered as a large accelerated or accelerated filer.
- No securities are registered under Section 12(b) of the Exchange Act other than Nasdaq listing.

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*Note:* Specific financial metrics such as total revenue, net income, gross profit, number of customers, and number of employees are not detailed in the provided document.

Wrap Technologies, Inc. is a public safety technology company that specializes in non-lethal law enforcement tools and innovative training solutions for enhancing officer and community safety.

## Company Overview: Wrap Technologies, Inc.

### Business Focus
Wrap Technologies, Inc. is a **public safety technology and services company** specializing in providing **non-lethal law enforcement tools and training solutions**. The company's mission is to enhance the safety of law enforcement officers and the communities they serve by offering **innovative products** and **immersive training**.

### Key Products and Services
1. **BolaWrap Remote Restraint Device**:
   - A hand-held device that deploys a **7.5-foot Kevlar tether** to safely entangle individuals from a distance (10-25 feet).
   - Assists law enforcement in **non-painful compliance** and **de-escalation** of encounters.
   - Transitioned from the older model (BolaWrap 100) to the newer BolaWrap 150, which is electronically deployed.

2. **Wrap Reality**:
   - A **virtual reality (VR)** training platform designed specifically for law enforcement.
   - Features **immersive 3D training scenarios** that simulate real-world encounters, allowing for strategic decision-making in a controlled environment.
   - Includes **45 training scenarios** for law enforcement, corrections, and societal reentry.

3. **Wrap Intrensic**:
   - Offers **Body-Worn Cameras (BWCs)** and a **Digital Evidence Management (DEM)** platform.
   - Helps law enforcement agencies capture, store, and manage **digital evidence**, supporting transparency and accountability.

### Market Presence
- Target market includes approximately **900,000** full-time sworn law enforcement officers across **18,000** federal, state, and local agencies in the U.S. and over **12 million** police officers globally.
- Wrap Technologies has **shipped products to 62 countries** with significant international sales represented through **35 distribution agreements** covering **75 countries**.

### Financials
- **Revenue**: For the year ended December 31, 2023, the total revenue was approximately **$6.1 million**, a decrease of **24%** compared to approximately **$8.0 million** in 2022.
- **Product Sales**: Approximately **$5.3 million** in product sales (from the BolaWrap and accessories), down from **$7.5 million** in the previous year.
- **Net Loss**: **$30.2 million** for 2023, showing an increase from a loss of **$17.6 million** in 2022. The increase is attributed to a significant non-cash charge related to warrants.

### Staffing
- The company employs **52 full-time employees** in various roles, including sales, research and development, and operations. 
- Provides comprehensive training for law enforcement on the use of its products and has trained over **1,520 agencies** with **5,440 certified BolaWrap instructors**.

### Business Strategy and Outlook
- Wrap Technologies emphasizes **de-escalation technologies** and plans to expand its products and sales further into both domestic and international markets.
- The company is focusing on reducing operating costs while aiming for sustainable growth and profitability through enhanced product sales and training services.

### Conclusion
Wrap Technologies, Inc. stands out in the law enforcement technology sector by promoting safer policing practices through its innovative non-lethal tools and comprehensive training programs, making it a beneficial partner for law enforcement agencies globally.

WRAP TECHNOLOGIES, INC.

10-K / April 25, 2025

10-K / August 28, 2024

10-K / April 25, 2025

Company Overview: Wrap Technologies, Inc.

Business Activities and Focus

Market and Customer Base

Employee Count

Financial Information

Additional Company Details