1.25
+5.93%
Close of 9 Nov 2026, in USD
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About Wrap Technologies
From its filings with the US Securities and Exchange Commission
Wrap Technologies is based in Miami, Florida and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker WRAP. The SEC classifies its business as ordnance & accessories, (no vehicles/guided missiles). In the fiscal year to 31 December 2025, it reported revenue of $4.7m and a net loss of $10.3m. At that date it held total assets of $15.4m and shareholders' equity of $11.5m.
We began sales of our first public safety product, the BolaWrap® 100 device, in late 2018. In the first quarter of 2022, we introduced the BolaWrap® 150, a next‑generation, electronically deployed device that is more robust, smaller, lighter, and simpler to deploy than the BolaWrap 100, which has since been phased out. In December 2020, we acquired NSENA Inc. ("NSENA"), a provider of immersive virtual reality training for law enforcement utilizing proprietary software-enabled content and computer graphics simulation. This acquisition provided the foundation for Wrap Reality™, our virtual reality ("virtual reality" or “VR”) training platform designed for law enforcement simulation training and correctional reentry scenarios.
In August 2023, we acquired Intrensic, LLC, a Delaware limited liability company (“Intrensic”), which added body‑worn camera ("body-worn cameras" or “BWC”) and digital evidence management ("digital evidence management" or “DEM”) capabilities to our portfolio.
During 2025, we continued our transition from a single-product company into a diversified public safety technology and services company delivering integrated non-lethal solutions that combine tools, training, and tactics. This transition included expanding our product portfolio, advancing our training and software platforms, entering adjacent defense and homeland security markets, and strengthening our commercial and leadership infrastructure.
Quoted from its 10-K, filed 26 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Electronic Equipment, Instruments & Components
- Listed since
- 18 May 2018
- Employees
- 68
- Website
- wrap.com ↗
- Head office
- 3480 MAIN HWY, SUITE 202, MIAMI, FL, 33133
- Incorporated in
- DE
- Classification
- Ordnance & Accessories, (No Vehicles/Guided Missiles)
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Scot CohenExecutive Chairman of the Board, Chief Executive Officer, Principal Executive Officer, since 2017$2.0m
- Mr. Jared NovickPresident, Chief Operating Officer$375,909
- Mr. Gerald RatiganChief Financial Officer
- Mr. Joseph CameronChief Revenue Officer
- Mr. Braden FrameChief Commercial Officer
- Mr. Bruce BernsteinIndependent Director$95,633
- Mr. Mark SavasIndependent Director$95,633
- Mr. Rajiv SrinivasanIndependent Director$76,370
- V. Adm. (Retd.) Timothy SzymanskiIndependent Director$76,370
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 31
- Environment
- 37
- Social
- 37
- Governance
- 18
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Innovative and unique product offerings, such as the BolaWrap, providing a non-lethal restraint solution for law enforcement.
- Strong intellectual property portfolio, including patents and copyrights, ensuring competitive advantage in the market.
- Experienced and knowledgeable management team with extensive background in security and law enforcement.
Weaknesses
- Relatively smaller market presence compared to established competitors in the security equipment industry.
- Limited distribution channels, potentially restricting market reach and expansion opportunities.
- The need for regular product updates and improvements to stay ahead of evolving market demands.
Opportunities
- Increasing demand for non-lethal restraint solutions due to public concerns about police violence.
- Potential expansion into international markets, tapping into growing law enforcement and security needs globally.
- Collaboration opportunities with police departments and organizations to provide training and promote the use of non-lethal alternatives.
Threats
- Intense competition from established and emerging players in the security equipment industry.
- Regulatory challenges and changes in laws related to the use of non-lethal force.
- Economic downturns affecting government budgets, potentially reducing spending on law enforcement equipment.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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