WRAPNasdaqOrdnance & Accessories, (No Vehicles/Guided Missiles)US GAAP · USD

Wrap Technologies, Inc

WRAP Technologies, Inc. develops and sells less-lethal public-safety tools centered on the BolaWrap restraint device and related training, software, and support services. The company serves law-enforcement, public-safety, and government customers in the United States and internationally through direct sales and a distributor network.

Liikevaihto4,7milj. USD
+3,7 %v/v
Liikevoitto (EBIT)−13,5milj. USD
+13,4 %v/v
EBIT-marginaali−288,6%
+56,8 %-yks.v/v
Nettotulos−10,3milj. USD
−75,9 %v/v
Vapaa kassavirta−10,4milj. USD
−27,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−30−20−10010milj. USD2020: 3,9 milj. USD2020: EBIT −13 milj. USD20202021: 7,7 milj. USD2021: EBIT −24 milj. USD20212022: 8,0 milj. USD2022: EBIT −18 milj. USD20222023: 6,1 milj. USD2023: EBIT −19 milj. USD20232024: 4,5 milj. USD2024: EBIT −16 milj. USD20242025: 4,7 milj. USD2025: EBIT −13 milj. USD20254,7−13
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Less-lethal restraint systems45 %

Handheld restraint devices and consumables used by public-safety agencies.

Training and simulation20 %

Digital and VR tools used to train officers on deployment and tactics.

Body-worn cameras and evidence management10 %

Camera hardware and related video-management solutions for agencies.

Managed services10 %

Policy, governance, and training support bundled with product adoption.

C-UAS and drone-interdiction solutions15 %

Research, demonstration, and emerging products for counter-drone use.

Asiakkaat

Wrap sells primarily to law-enforcement agencies, public-safety organizations, and government buyers that use less-lethal tools and training in field operations. It also works with domestic and international distributors that place products into additional public-safety and defense channels. The company’s newer training, managed-service, and counter-drone offerings are aimed at agencies that need both equipment and adoption support.

Law-enforcement agencies

Buy BolaWrap devices, cartridges, and training to support arrests and de-escalation.

Domestic distributors

Purchase products for resale into U.S. public-safety channels.

International distributors

Resell restraint and training products across overseas markets.

Government and defense agencies

Evaluate C-UAS and aerial-interdiction systems for public-safety and defense use.

Public-safety training buyers

Subscribe to WrapTactics, WrapReality, and managed policy/training services.

Strategia

Wrap is broadening its business from a single less-lethal product into a bundled platform that combines hardware, training, software, and managed services. It is also extending into counter-drone and aerial-interdiction markets through development and demonstration programs, while using distributors and direct sales to expand international reach. The strategy is designed to make adoption easier for agencies by pairing equipment with policy alignment, training, and operational support.

Bundle products with training and managed servicesLyhyt aikaväli

Agencies often need policy, instruction, and governance support before adopting less-lethal tools.

Expand international distributionKeskipitkä aikaväli

Distributor coverage broadens market access without relying only on direct sales.

Build C-UAS and drone-interdiction offeringsKeskipitkä aikaväli

New public-safety and defense use cases could widen the addressable market.

Increase adoption support for agenciesLyhyt aikaväli

Training and governance reduce friction in procurement and deployment decisions.

Maantiede

Q3/2025

The company is headquartered in the United States and sells primarily into U.S. law-enforcement and public-safety markets. It also ships restraint products internationally and reports distribution agreements covering multiple countries, making overseas channel execution an important part of the business. Its newer products and services are being positioned for both domestic and international government and defense customers.

Asia Pacific100 %

Riskit

Wrap depends heavily on government and law-enforcement customers, which creates exposure to long procurement cycles, budget timing, and shifting public-policy priorities. Its newer drone and counter-UAS initiatives face regulatory, liability, and commercialization risk, while the company also remains exposed to supply-chain disruptions and capital-market access. Because the business is still building scale, execution risk around product adoption, distributor performance, and financing remains material.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Dependence on government and law-enforcement procurement1Regulatory and legal risk for drone/C-UAS products2Financing and liquidity risk3Commercial adoption risk for new products4Supply-chain and manufacturing disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Dependence on government and law-enforcement procurementVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers buy through budgeted public-sector processes that can be slow and unpredictable.

    Kohdistuu: U.S. and international public-safety agencies

  2. Regulatory and legal risk for drone/C-UAS productsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    These systems may require approvals and can trigger liability if incidents occur.

    KohdistuuFAAExport controlsPublic-safety deployment
  3. Financing and liquidity riskVaikutus: KorkeaTodennäköisyys: Matala

    The company has relied on external capital to fund operations and product development.

    Kohdistuu: Equity and debt markets

  4. Commercial adoption risk for new productsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    New platforms may not gain enough agency acceptance to generate meaningful revenue.

    KohdistuuMERLIN 1PAN-DA1KC
  5. Supply-chain and manufacturing disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Component shortages or logistics issues can delay product availability and shipments.

    Kohdistuu: Hardware production and distribution

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Hardware revenue depends on shipment/receipt terms, which affects quarter-to-quarter timing.

Vaikutus: Products/accessories and VR software licensing or sale

Multiple performance obligations

Bundled hardware, software, and services require allocation of transaction price.

Vaikutus: Can shift revenue between periods and product lines

Inventory and warranty estimates

Hardware businesses must estimate obsolescence, reserves, and warranty costs.

Vaikutus: Affects gross margin and asset valuation

Income tax and valuation allowances

Loss history makes tax provisions and deferred tax asset judgments important.

Vaikutus: Can materially affect net income and equity

Impairment of intangible assets

Acquired or developed technology may need write-downs if adoption lags.

Vaikutus: Relevant to W1 Global and product-related intangibles

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Wrap Technologies, Inc (WRAP) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo