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

Wrap Technologies

13/05/2026 21:09

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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(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.)