One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Wrap Technologies, Inc.
WRAP · NCM · Technology · Scientific & Technical Instruments
Current price
$1.52
52-week range
$1.04 - $3.23
Market cap
$93.90M
Balance sheet
Healthy
-1,926.43x Concerning
Net cash $4.34M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 29.7% last year.
- Risk Return on equity was -107.7% last year — the company lost money on shareholders' equity.
What this company does
Wrap Technologies, Inc.
Wrap Technologies creates public safety tools, with its main product being the BolaWrap, a handheld device that lets police restrain people safely without lethal force. The company also sells related training and software subscriptions, which provides them with recurring revenue (predictable income from ongoing payments, unlike a one-time sale) and helps them become a more complete solution for police departments.
How the company got here
Wrap Technologies was founded in 2016 with the goal of providing law enforcement with safer options for de-escalating situations. The company's first and most well-known product is the BolaWrap, a handheld device that remotely fires a Kevlar cord to restrain an individual without causing pain. This was inspired by the idea of creating a tool for encounters with people in mental health crises where traditional, pain-based tools might not be appropriate. Over time, the company has expanded from this single product to a broader platform of public safety solutions, including virtual reality training and body cameras. A key moment was a 2026 ruling by the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) that classified the BolaWrap as a restraint device, not a firearm, which helped clear the way for wider adoption by police agencies.
What it actually does
Wrap Technologies creates and sells a range of technology products and services designed for police, security, and military personnel. Think of it as a company that provides high-tech tools for a modern police officer's belt and training room. Their most famous product is a device that looks a bit like a phaser from Star Trek and shoots out a cord to wrap around a person's legs or arms, stopping them from moving without hurting them. Beyond physical tools, they also offer virtual reality (VR) training programs that simulate high-stress scenarios to help officers practice making good decisions. The company's goal is to provide a complete system of tools and training to help public safety officers handle difficult situations more safely.
Non-Lethal Devices
This is the company's core business, centered on its flagship product, the BolaWrap. Law enforcement and security agencies buy this handheld device, which fires a Kevlar tether to safely restrain individuals from a distance of 10-25 feet. The idea is to give officers an option to control a situation early on without resorting to force that causes pain, especially in situations involving individuals who are not responsive to commands. The company makes money by selling the devices themselves and the replaceable cartridges that fire the tether. This product line is the main entry point for the company to build relationships with public safety agencies.
Training and Services
Wrap Technologies provides training programs to ensure that officers and security personnel know how to use their products correctly and effectively. A major part of this is Wrap Reality, a virtual reality (VR) platform that immerses officers in realistic, high-stress scenarios to practice de-escalation and decision-making skills in a safe environment. The company also offers WrapTactics, a subscription-based digital training platform with shorter, scenario-based lessons. Revenue (the money a company makes from sales) from this segment comes from selling the VR systems and from recurring subscription fees for the digital training content.
Digital Evidence Management
This part of the business focuses on body-worn cameras and the software to manage the video evidence they collect. The product, called WrapVision, is an all-in-one solution for officers to record interactions, and for agencies to securely store, handle, and track that digital evidence. This is important for transparency and for legal proceedings. The company generates revenue by selling the camera hardware and the associated cloud-based software and data storage services.
What management is betting on now
Management is focused on transforming Wrap from a single-product company into an integrated public safety platform called WrapShield. This strategy involves bundling their non-lethal devices, VR training, and body cameras into a single connected ecosystem for law enforcement, defense, and even private security clients. They are also investing in new technologies like artificial intelligence and advanced sensors for threat detection, including counter-drone capabilities. The company is betting that by offering a complete, end-to-end solution, they can become a more essential partner to public safety organizations and expand into new markets globally.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$330.00K
FY2024 Q4
$-1.21M
FY2025 Q1
$-3.07M
FY2025 Q2
$-1.95M
FY2025 Q3
$-2.70M
FY2025 Q4
$-2.67M
FY2026 Q1
$-1.25M
FY2026 Q2
$-2.44M
Revenue
$2.05M
Net income
$-2.26M
Diluted EPS
-0.04
Operating cash flow
$-2.43M
Free cash flow
$-2.44M
Fetching…
Sources
Revenue
$1.11M
Net income
$-4.54M
Diluted EPS
-0.09
Operating cash flow
$-1.25M
Free cash flow
$-1.25M
Fetching…
Sources
Revenue
$1.40M
Net income
$-3.94M
Diluted EPS
-0.09
Operating cash flow
$-2.67M
Free cash flow
$-2.67M
Fetching…
Sources
Revenue
$1.49M
Net income
$-2.77M
Diluted EPS
-0.06
Operating cash flow
$-2.62M
Free cash flow
$-2.70M
Fetching…
Sources
Revenue
$1.01M
Net income
$-3.73M
Diluted EPS
-0.07
Operating cash flow
$-1.94M
Free cash flow
$-1.95M
Fetching…
Sources
Revenue
$765.00K
Net income
$109.00K
Diluted EPS
0.00
Operating cash flow
$-3.07M
Free cash flow
$-3.07M
Fetching…
Sources
Revenue
$865.00K
Net income
$-7.60M
Diluted EPS
-0.16
Operating cash flow
$-1.21M
Free cash flow
$-1.21M
Fetching…
Sources
Revenue
$593.00K
Net income
$1.99M
Diluted EPS
0.04
Operating cash flow
$330.00K
Free cash flow
$330.00K
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $1.52
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $4.3M - more cash than debt. Interest coverage -1926.4x.
Net debt
$-4.34M
Interest coverage
-1,926.43x
Wrap Technologies, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
WRAP
BASELINE
Wrap Technologies, Inc.
Total debt $436.00K Interest coverage -1,926.43x This is the baseline the peer rows are being compared against.
Total debt $1.85B Interest coverage -0.66x Neither company has much profit cushion over interest right now.
Total debt $2.05M Interest coverage 348.18x This peer still has a real interest-payment cushion, while WRAP does not.
Total debt $9.62B Interest coverage 8.22x This peer still has a real interest-payment cushion, while WRAP does not.
Total debt $23.23M Interest coverage 127.11x This peer still has a real interest-payment cushion, while WRAP does not.
What you should know
The case for and against WRAP
1 Reward
1 Risk
Rewards
-
Revenue grew 29.7% last year.
Risks
-
Return on equity was -107.7% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-6.33x
P/B
6.36x
P/S
15.50x
EV/EBITDA
-6.34x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
63.6%
Operating margin
-109.7%
Net margin
-223.1%
ROE
-107.7%
ROA
-53.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.03x
Current ratio
8.04x
Quick ratio
4.97x
Total debt
$436.00K
Total cash
$4.78M
Growth
How the business has been compounding
Revenue TTM
$6.06M
Revenue 5Y CAGR
-11.8%
EPS TTM
-0.28
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-8.96M
Free CF TTM
$-10.39M
FCF margin
-171.5%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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