Wrap Technologies Q1 revenue rises driven by increased demand for BolaWrap 150

Wrap Technologies

Wrap Technologies

WRAP

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Overview

  • U.S. non-lethal public safety tech firm's Q1 revenue grew 45% yr/yr

  • Product sales rose 186% yr/yr, driven by increased demand for BolaWrap 150

  • Company secured new federal and international orders, expanding presence in drone and non-lethal markets


Outlook

  • Wrap targets approximately 100% revenue growth in 2026

  • Company expects ongoing expansion into international markets and new verticals such as healthcare

  • Wrap plans to invest in manufacturing capacity to meet accelerating demand


Result Drivers

  • PRODUCT SALES SURGE - Product sales rose 186% yr/yr, driven by increased domestic and international demand for BolaWrap 150

  • NEW FEDERAL AND INTERNATIONAL ORDERS - Company received a purchase order from the U.S. Department of Homeland Security and secured pre-orders for drone and counter-drone systems supporting expansion in the UK, Europe, and Panama

  • DEPARTMENT-WIDE ADOPTION - Multiple agencies transitioned to department-wide BolaWrap 150 deployments, supporting broader programmatic adoption and recurring consumable sales


Company press release: ID:nGNX11vm1D


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$1.10 mln

Q1 Operating Expenses

$5.50 mln


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