Core Viewpoint - Wrap Technologies, Inc. has announced that the Rio Grande City Police Department in Texas will implement the BolaWrap® 150 device and the WrapReady™ program to enhance non-lethal response capabilities amid increasing operational pressures along the U.S.–Mexico border [1][4]. Group 1: Agreement Details - The agreement includes full WrapReady onboarding for 12 officers, covering equipment, multi-year support, and instructor-level certification, marking the first deployment in a Texas border community [2]. - The WrapReady program aims to reduce friction in deployment, training, and long-term utilization of the BolaWrap® ecosystem, focusing on safer engagements and continuous development of agency tactics and policy [4][5]. Group 2: Operational Context - Rio Grande City is located in a high-traffic area of the U.S.-Mexico border, where local agencies frequently engage in multi-jurisdictional operations related to narcotics interdiction, human smuggling, and mental health crises, necessitating non-lethal response tools [3]. - The adoption of the WrapReady program reflects a national trend among law enforcement agencies re-evaluating pain-compliance tools and opting for non-lethal options like BolaWrap as first-resort tools in complex encounters [4]. Group 3: Product Overview - Wrap Technologies offers a comprehensive public safety portfolio, including the BolaWrap 150 device, WrapReality™ training platform, and WrapVision™ body-worn camera system, all designed to enhance public safety and operational efficiency [6][7]. - The BolaWrap 150 is a non-pain-based compliance tool that helps officers manage non-compliant subjects without resorting to higher-force options, thereby reducing injury risks [9].

Core Insights - Wrap Technologies, Inc. has announced a strategic partnership with K-Form Inc. to enhance its supply chain and support scalable production of non-lethal tools and future autonomous platforms [1][2][3] Group 1: Partnership Details - K-Form will provide precision design, prototyping, and production support for Wrap's product ecosystem, including the BolaWrap® 150 and WrapVision body-worn camera system [2][4] - The partnership aims to strengthen Wrap's manufacturing base in the U.S. and expand the capacity of its new manufacturing hub in Southwestern Virginia [3][4] Group 2: Product Offerings - Wrap's product portfolio includes the BolaWrap 150, WrapReality immersive training platform, and WrapVision body-worn camera system, all designed to enhance public safety and defense applications [5][6] - The BolaWrap 150 is a non-lethal device that aids law enforcement in managing non-compliant subjects without resorting to higher-force options, currently used by over 1,000 agencies in the U.S. and 60 countries [6] Group 3: Technological Advancements - WrapReality™ is a VR training simulator that provides first responders with realistic scenarios to improve decision-making under pressure [7][8] - WrapVision is designed for efficiency and security, capturing and managing digital evidence while ensuring compliance with modern law enforcement demands [9][10]

Core Insights - Wrap Technologies, Inc. reported a significant increase in gross revenue, with a 241% rise to $2.0 million for Q3 2025 compared to $0.6 million in Q3 2024, driven by strong sales of the BolaWrap product and managed services revenue [2][3] - The company is transitioning to a more sustainable, service-oriented model, as indicated by a net revenue of $1.5 million for the quarter, up 151% from the previous year [2][4] Revenue Growth - Total gross revenue for Q3 2025 was $2.0 million, a 241% increase from $0.6 million in Q3 2024, primarily due to stronger BolaWrap product sales and managed services [2] - For the nine months ended September 30, 2025, gross revenue totaled $3.8 million, slightly up from $3.6 million in 2024, while net revenue was $3.3 million compared to $3.6 million in the prior year [2] Recurring Subscription Growth - Recurring subscription sales reached $236,000 in Q3 2025, accounting for approximately 12% of total gross revenue, reflecting the company's shift towards a recurring revenue model [4] Margin Expansion - Gross profit for Q3 2025 increased by 276% to $0.9 million, with gross margin expanding to 59% from 40% due to improved pricing discipline and operational efficiencies [5] Reduced Operating Expenses - Operating expenses for Q3 2025 were $3.6 million, a 6% improvement from $3.9 million in the same period last year, while for the nine months ended September 30, 2025, operating expenses decreased by 11% to $11.5 million [6] Spending on Growth and Innovation - The company has shifted its spending towards growth and innovation, focusing on sales, marketing, and R&D to support future revenue generation [7] Improved Operating Results - Operating loss improved by 24% to $2.8 million for Q3 2025 compared to $3.6 million in Q3 2024, indicating progress towards profitability [8] Recent Highlights - Wrap Technologies has made significant advancements in its product offerings and partnerships, enhancing its position in the public safety technology market [14]