WRAP TECHNOLOGIES, INC.

Wrap Technologies reported a significant increase in second-quarter revenue, primarily driven by a substantial rise in product sales, while also narrowing its net loss for the quarter. The company improved its cash position and significantly reduced total liabilities. Additionally, all outstanding warrants were reclassified to permanent equity, and the company secured $5.0 million from a private placement.

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.

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.

Wrap Technologies, Inc. announced the commercial launch of WrapTactics™ Learning Management System (LMS), completing the training foundation for its WrapShield™ non-lethal response architecture. This launch establishes the operational backbone for the platform and enables a recurring subscription revenue model. The company expects to expand its market reach beyond traditional law enforcement, leveraging the recent ATF classification of BolaWrap® 150 as an instrument of restraint, which removes procurement barriers.

Wrap Technologies, Inc. announced it will host a conference call on Tuesday, August 11, 2026, at 4:30 p.m. Eastern Time. The call will cover the company's financial and operational results for the second quarter ended June 30, 2026. Management will lead the presentation, followed by a question-and-answer period, with questions accepted via email prior to the call.

WRAP Technologies, Inc. announced the completion of the first operational prototype of Wraptor MX™, its new multi-shot non-lethal restraint platform. This new device expands the company's WrapShield™ Autonomous Public Safety Platform, which now integrates handheld, multi-shot, and drone-deployed non-lethal delivery mechanisms. The company believes Wraptor MX will extend capabilities into tactical, corrections, private security, and defense environments, building on the success of BolaWrap® 150 and a recent favorable ATF ruling.

WRAP Technologies, Inc. launched WrapShield, an autonomous defense and public safety platform, anchored by a strategic $2 million investment in Frenel Imaging Ltd. The investment secured WRAP exclusive U.S. and NATO commercialization rights to Frenel's TPiCore® thermal-polarimetric sensing technology, which forms the detection layer for WrapShield. The platform aims to connect advanced sensing, AI, and response technologies, initially focusing on counter-UAS applications.

Wrap Technologies, Inc. announced strong momentum entering Q3 2026, driven by $1.2 million in international orders from Brazil and India. This commercial activity, reflecting growing global demand, is independent of the increased interest following the landmark ATF Ruling 2026-2 on June 15, 2026. The ruling formally classified the BolaWrap 150 as an instrument of restraint, removing a significant regulatory barrier and potentially simplifying procurement and adoption. The company reaffirmed its target of approximately 100% year-over-year revenue growth for 2026, anticipating a strong second half.

Wrap Technologies Inc. announced it has secured exclusive United States and NATO distribution rights for a physics-based AI-sensing technology from Israeli company Frenel Imaging Ltd. This technology, which detects drones that have stopped transmitting, will form the foundation of WrapShield, the company's new counter-unmanned aircraft system (UAS) and autonomous public-safety platform. This strategic move positions Wrap Technologies to address a significant gap in counter-drone capabilities, complementing its existing portfolio of public safety technologies like BolaWrap 150 and Wrap Reality.

Wrap Technologies, Inc. announced a significant strategic evolution, transforming from a single-product company to a comprehensive public safety technology platform. The company highlighted three key pillars: regulatory validation with the ATF ruling that BolaWrap® 150 is not a firearm, strategic intelligence through an investment in Frenel Imaging for thermal-polarimetric sensing technology, and integration via its new WrapShield™ platform. This shift aims to create a unified system for threat detection, understanding, and proportionate response, positioning Wrap for long-term growth in AI, autonomous sensing, and critical infrastructure protection.