Strong Revenue Growth
The third quarter represented the strongest in the past two years, delivering $2 million in gross revenue, with 12% coming from subscription-based sales.
Transformation and Diversification
Wrap Technologies is transitioning from a device manufacturer to a provider of nonlethal response subscription solutions, expanding into federal, defense, and international markets.
High Success Rate of BolaWrap
BolaWrap 150 has demonstrated a 92% field success rate with zero reported deaths, serious injuries, or lawsuits.
Expansion into New Markets
The company's total addressable market now includes global public safety, defense, and homeland security markets, with significant international momentum.
New Manufacturing and Training Facility
The Norton, Virginia facility anchors the Made in America production strategy and serves as a hub for R&D, product demonstration, and training.