Wrap Technologies, Inc. Common Stock
WRAPWrap Technologies, Inc. is a safety and law enforcement solutions company known for developing non-lethal rescue tools. Its flagship product, the BolaWrap, is designed to assist law enforcement and security personnel in apprehending individuals safely by using a remote-projected restraining device. The company focuses on providing innovative equipment aimed at reducing injuries and enhancing safety for both officers and the communities they serve.
Company News
Wrap Technologies and LETAC USA are collaborating to develop a comprehensive policy framework for non-lethal, autonomous systems in public safety, focusing on establishing ethical guidelines for drone and robotic interactions in high-stress environments.
Shares of companies specializing in non-lethal policing tools are surging amid rising civil unrest and heightened ICE enforcement actions, as law enforcement agencies seek safer and more publicly acceptable methods of managing large, resistant crowds.
Wrap Technologies has acquired W1 Global, a professional services and consulting firm led by former law enforcement and intelligence officials. The acquisition is expected to expand Wrap's managed services offerings and international reach.
Wrap Technologies, Inc. (WRAP) delivered earnings and revenue surprises of 10% and 28.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
And why the rally may not last.
