Significant Increase in Purchase Orders
In the first 6 weeks of Q3, Wrap Technologies received more purchase orders for Wrap devices than in the entire first 6 months of the year.
Completion of Restructuring and Cost Control Measures
Q2 marked the completion of restructuring efforts, realizing benefits from prior cost control measures.
Operational and Financial Improvements
Operating expenses were reduced by 26% from Q1 to Q2 2025, and cash and cash equivalents increased by 16%.
Launch of New Subscription Models
Introduced WrapReady and WrapPlus subscription plans, including cassette programs and learning management systems.
Favorable Federal Regulatory Changes
The Barnes v. Felix Supreme Court decision and other regulatory shifts favor safer alternatives like BolaWrap.
Expansion into New Markets
Emerging relationships and strategic initiatives are positioning the company to explore markets such as global private security, health care, and Department of Defense applications.