Wrap Technologies reported Q2 2026 revenue of $2.1 million, a 103% increase year-over-year, with gross margin expanding to approximately 75%. The company reduced its net loss by 39% to $(2.3) million and strengthened its balance sheet, holding $4.8 million in cash. Subsequent to the quarter end, the ATF classified the BolaWrap 150 as a restraint tool rather than a weapon, unlocking access to the private security market. Additionally, Wrap made a strategic investment in Frenel Imaging Ltd. to support its new WrapShield platform for defense and public safety applications. The company operates in the public safety technology sector, providing non-lethal response tools, training solutions, and detection systems.
