Quarterly ResultAug 11, 2026, 04:24 PM
Wrap Q2 Revenue $2.1M, Up 103%; BolaWrap 150 Declassified by ATF
AI Summary
Wrap Technologies reported strong second-quarter 2026 financial results, with total revenue more than doubling to $2.1 million, a 103% increase year-over-year. Gross profit surged 217% to $1.5 million, and the company significantly reduced its operating and net losses. Subsequent to the quarter, the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) classified the BolaWrap 150 as a non-firearm and non-weapon, removing a significant barrier and opening a large private-sector market. Additionally, the new WrapShield platform positions the company for growth in U.S. defense and other federally funded public safety markets.
Key Highlights
- ATF classified BolaWrap 150 as a non-firearm/non-weapon, opening new markets.
- Q2 2026 total revenue increased 103% to $2.1 million.
- Q2 2026 gross profit rose 217% to $1.5 million, with gross margin at 75%.
- Q2 2026 loss from operations improved 21% to $(2.3) million.
- Q2 2026 net loss improved 39% to $(2.3) million.
- Cash and cash equivalents stood at $4.8 million as of June 30, 2026.
- Total liabilities reduced to $2.0 million from $3.9 million at year-end 2025.
- WrapShield platform expands company into U.S. defense and new funded priorities.
Price Impact
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