Wrap Technologies' BolaWrap 150 Classified as Restraint; Q2 Revenue +103%
Wrap Technologies reported strong financial results for Q2 2026, with total revenue more than doubling to $2.1 million and gross profit increasing 217% to $1.5 million. The company also significantly improved its operating and net losses while strengthening its balance sheet. Subsequent to quarter end, the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) classified the BolaWrap 150 as an instrument of restraint and rescue tool, fundamentally expanding its addressable market to include the private sector. Additionally, Wrap Technologies made a strategic investment in Frenel Imaging Ltd. to anchor its new WrapShield platform, aiming to expand into public safety, homeland security, and defense markets.
Key Highlights
- ATF classified BolaWrap 150 as an instrument of restraint and rescue tool.
- Q2 2026 total revenue increased 103% to $2.1 million.
- Q2 2026 gross profit increased 217% to $1.5 million, with gross margin expanding to 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 were $4.8 million at June 30, 2026.
- Total liabilities reduced to $2.0 million at June 30, 2026.
- Strategic investment made in Frenel Imaging Ltd. for the new WrapShield platform.
Price Impact
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