Wrap Technologies (WRAP)
NASDAQ:WRAP
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Wrap Technologies
(NASDAQ:WRAP)
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Rating:48Neutral
Price Target:
$1.50
▼(-32.13% Downside)
Action:ReiteratedDate:03/27/26
The score is held down primarily by weak financial performance (persistent losses and cash burn) and bearish technical trend signals. These are partially offset by positive earnings-call momentum around platform expansion and a recent financing that supports operational scaling, though profitability and adoption/timing risks remain key.
Positive Factors
Platform Diversification / Recurring Revenue
Wrap is shifting from one-off device sales toward a bundled non-lethal response ecosystem (devices, WrapTactics, WrapReality, subscriptions). That creates recurring revenue, higher customer retention, and cross-sell pathways, improving revenue predictability and lifetime value over months to years.
Negative Factors
Persistent Cash Burn
Sustained negative operating and free cash flow of roughly -$10.3M in 2025 implies ongoing funding needs. Continued cash burn increases dilution and financing dependency, constraining ability to scale sales, manufacturing, and R&D without further capital or rapid revenue acceleration over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform Diversification / Recurring Revenue
Wrap is shifting from one-off device sales toward a bundled non-lethal response ecosystem (devices, WrapTactics, WrapReality, subscriptions). That creates recurring revenue, higher customer retention, and cross-sell pathways, improving revenue predictability and lifetime value over months to years.
Read all positive factors
Wrap Technologies (WRAP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$86.03M
Dividend YieldN/A
Average Volume (3M)372.53K
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue Growth-2.32%
EPS Growth26.38%
CountryUS
Employees19
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.08
Shares Outstanding55,500,053
10 Day Avg. Volume242,300
30 Day Avg. Volume372,531
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)10.44
Price to Sales (P/S)23.05
P/FCF Ratio-11.54
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue17.36
Enterprise Value/Gross Profit30.04
Enterprise Value/Ebitda-6.21
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Wrap Technologies Business Overview & Revenue Model
Company Description
Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company develops BolaWrap 150, a hand-held remote restraint device that discharges a Kevlar cord t...
How the Company Makes Money
Wrap Technologies primarily makes money by selling less-lethal devices and related products to government and institutional customers, with revenue generally recognized upon delivery under customer purchase orders and contracts. The core revenue s...
Wrap Technologies Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call reflects a positive sentiment overall, with a focus on strong growth, successful transformation, and expansion into new markets. However, there are some challenges related to policy dependency and international deals.Positive Updates
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.
Negative Updates
Dependency on Policy Changes
Adoption of BolaWrap is heavily dependent on policy reform and command-level support, which may vary and slow down adoption.
Read all updates
Q3-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
During the third quarter of 2025, Wrap Technologies, Inc. reported a gross revenue of $2 million, with 12% derived from subscription-based sales, marking a significant enhancement in their core operations. The company witnessed a 92% field success rate for their BolaWrap 150 device, with no reported deaths, serious injuries, or lawsuits, positioning it as a leading nonlethal tool for law enforcement. Data from 516 law enforcement agencies highlighted a shift towards nonlethal options, with increased adoption of BolaWrap and declining use of TASERs, pepper spray, and batons. Wrap's strategic focus is on expanding their nonlethal response ecosystem, which integrates training, policy, and tools through initiatives like Wrap Tactics, WrapVision, and WrapReality, alongside their new Merlin unmanned aerial payload. They are also expanding into federal and international markets, with a focus on the counter-UAS market projected to exceed $15 billion by 2030. The company is scaling its operations, increasing its sales and marketing team to 18 people, and building capacity at their Norton, Virginia manufacturing hub to support future growth and innovation.Wrap Technologies Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.20M | 4.51M | 6.13M | 8.05M | 7.73M |
| Gross Profit | 2.70M | 2.46M | 2.91M | 3.73M | 2.74M |
| EBITDA | -12.89M | -13.11M | -17.90M | -16.97M | -23.27M |
| Net Income | -10.34M | -5.88M | -30.22M | -17.62M | -24.45M |
Balance Sheet | |||||
| Total Assets | 15.97M | 15.12M | 28.50M | 30.57M | 44.23M |
| Cash, Cash Equivalents and Short-Term Investments | 3.47M | 3.61M | 11.46M | 19.28M | 34.92M |
| Total Debt | 2.42M | 2.20M | 2.29M | 301.00K | 56.00K |
| Total Liabilities | 4.48M | 14.87M | 25.34M | 3.52M | 2.97M |
| Stockholders Equity | 11.49M | 250.00K | 3.16M | 27.05M | 41.26M |
Cash Flow | |||||
| Free Cash Flow | -10.39M | -8.14M | -16.93M | -14.86M | -19.22M |
| Operating Cash Flow | -10.29M | -8.13M | -16.70M | -14.60M | -18.22M |
| Investing Cash Flow | -387.00K | 7.31M | 5.18M | 14.91M | -6.94M |
| Financing Cash Flow | 10.53M | 468.00K | 10.15M | 83.00K | 13.45M |
Wrap Technologies Technical Analysis
Neutral
2.21
Price Trends
1.73
Negative
2.07
Negative
1.97
Negative
Market Momentum
-0.06
Negative
47.57
Neutral
74.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WRAP, the sentiment is Neutral. The current price of 2.21 is above the 20-day moving average (MA) of 1.52, above the 50-day MA of 1.73, and above the 200-day MA of 1.97, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 47.57 is Neutral, neither overbought nor oversold. The STOCH value of 74.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WRAP.
Wrap Technologies Risk Analysis
Wrap Technologies disclosed 43 risk factors in its most recent earnings report. Wrap Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Wrap Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $238.26M | 18.10 | 20.09% | ― | 12.79% | 23.79% | |
64 Neutral | $161.90M | -268.55 | 0.51% | 2.25% | 6.17% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $78.67M | -29.74 | -391.12% | ― | 69.76% | 43.82% | |
48 Neutral | $86.03M | -11.60 | -140.08% | ― | -2.32% | 26.38% | |
46 Neutral | $101.26M | ― | -49.95% | ― | 71.92% | 31.84% | |
43 Neutral | $46.46M | -35.85 | -14.57% | ― | -1.70% | 17.13% |
* Technology Sector Average
WRAP
Wrap Technologies
1.55
0.14
9.93%
GNSS
Genasys
1.74
-0.16
-8.42%
RELL
Richardson Electronics
11.31
2.39
26.81%
LINK
Interlink Electronics
2.95
-0.90
-23.38%
KULR
KULR Technology Group
2.19
-6.85
-75.77%
MPTI
M-tron Industries Inc
66.83
25.73
62.60%
Wrap Technologies Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Wrap Technologies Raises $5 Million to Expand Platform
Positive
Feb 4, 2026
On February 2, 2026, Wrap Technologies entered into a securities purchase agreement with accredited investors for a $5 million private placement of common stock, pre-funded warrants, and common warrants, which closed on February 3, 2026. The deal,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.