NetworkNewsBreaks – Wrap Technologies, Inc. (NASDAQ: WRAP) Q2 Revenue Jumps 103% as Gross Margin Expands to 75%
Wrap Technologies (NASDAQ: WRAP) a global leader in innovative public safety technologies, reported second-quarter 2026 revenue of $2.1 million, up 103% from $1.0 million a year earlier, while gross profit increased 217% to $1.5 million and gross margin expanded to approximately 75% from 48%. Loss from operations improved 21% to $2.3 million and net loss improved 39% to $2.3 million. Cash and cash equivalents totaled $4.8 million at June 30, up from $3.5 million at year-end. For the first six months of 2026, revenue increased 78% to $3.2 million, including product sales of $2.6 million, while gross profit rose 106% to $2.2 million.
Subsequent to quarter end, the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (“ATF”) classified BolaWrap 150 as an instrument of restraint and rescue rather than a firearm or weapon under applicable federal statutes, which Wrap said expands potential applications beyond law enforcement into the private security market. The company also made a strategic investment in Frenel Imaging Ltd. to anchor the detection layer of its new WrapShield platform, which targets public safety, homeland security, defense and technology opportunities including advanced sensing, counter-uncrewed aerial systems and autonomous systems. Management said it is not updating its previously disclosed target of 100% revenue growth for 2026, noting that the timing of revenue recognition could cause final results to differ materially from current expectations.
To view the full press release, visit https://nnw.fm/eK3bs
NOTE TO INVESTORS: The latest news and updates relating to WRAP are available in the company’s newsroom at https://nnw.fm/WRAP
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Wrap Technologies (NASDAQ: WRAP) a global leader in innovative public safety technologies, reported second-quarter 2026 revenue of $2.1 million, up 103% from $1.0 million a year earlier, while gross profit increased 217% to $1.5 million and gross margin expanded to approximately 75% from 48%. Loss from operations improved 21% to $2.3 million and net loss improved 39% to $2.3 million. Cash and cash equivalents totaled $4.8 million at June 30, up from $3.5 million at year-end. For the first six months of 2026, revenue increased 78% to $3.2 million, including product sales of $2.6 million, while gross profit rose 106% to $2.2 million.
Subsequent to quarter end, the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (“ATF”) classified BolaWrap 150 as an instrument of restraint and rescue rather than a firearm or weapon under applicable federal statutes, which Wrap said expands potential applications beyond law enforcement into the private security market. The company also made a strategic investment in Frenel Imaging Ltd. to anchor the detection layer of its new WrapShield platform, which targets public safety, homeland security, defense and technology opportunities including advanced sensing, counter-uncrewed aerial systems and autonomous systems. Management said it is not updating its previously disclosed target of 100% revenue growth for 2026, noting that the timing of revenue recognition could cause final results to differ materially from current expectations.
To view the full press release, visit https://nnw.fm/eK3bs
NOTE TO INVESTORS: The latest news and updates relating to WRAP are available in the company’s newsroom at https://nnw.fm/WRAP
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
