Corrected: Wrap Technologies Q2 revenue more than doubles on strong product sales

Wrap Technologies

11/08/2026 21:11

Corrects to remove ATF reclassification, WrapShield launch from Outlook and Result Drivers

Overview
US public safety tech firm's Q2 revenue more than doubled yr/yr
Company's Q2 net loss narrowed from prior year
Subsequent to quarter end, ATF reclassified BolaWrap 150, expanding addressable market beyond law enforcement

Outlook
Company maintains prior target of 100% revenue growth for 2026, but may see timing variability
Wrap Technologies aligning with areas where public-safety and defense funding are increasing

Result Drivers
PRODUCT SALES - Co said accelerating product sales drove revenue and gross profit growth

Company press release: ID:nGNX8t214W

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$2.1 mln
 
Q2 Net Income
 
-$2.30 mln
 
Q2 Operating Expenses
 
$3.8 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)