Core Insights - Wrap Technologies, Inc. has launched WrapTactics™, a subscription-based digital learning platform aimed at enhancing officer training and retention of critical skills in policing [1][4][6] - The platform addresses the rapid degradation of police skills due to insufficient training reinforcement, with core defensive tactics deteriorating within two weeks [2][3] - WrapTactics™ is positioned as a growth opportunity for the company, potentially expanding its market into the multi-billion-dollar global training sector [4][6] Product Features - WrapTactics™ offers short-form, high-impact coursework and scenario-based applications to improve skill retention and application under pressure [3][4] - The initial curriculum includes essential skills that could lead to state-certified training content in pre-escalation policing [4] - The platform is available as a standalone product and as part of bundled subscription offerings, enhancing the integration of training and operational support [5] Strategic Positioning - The launch of WrapTactics™ aligns with Wrap's mission to improve public safety outcomes and reduce harm through scalable, technology-enabled training [6] - By leveraging human performance science, Wrap aims to transform modern policing practices and address fundamental training gaps [6] - The company’s BolaWrap 150 solution complements WrapTactics™ by providing a non-lethal option for law enforcement, enhancing officer readiness during critical incidents [7][8]

Key Financing Highlights: Accelerates Counter-UAS Fielding: Proceeds are expected to advance Wrap’s recently announced Wrap-Merlin and Wrap-PANDA programs, which repurpose existing BolaWrap® 150 inventory into new counter-drone capabilities, enabling rapid progression from development to field application.Dual-Use Pathway: Supports both Wrap’s continued law enforcement go-to-market strategy and near-term commercial wins in federal sales, where counter-UAS demand is accelerating. Wrap believes this “dual use ...

Financial Data and Key Metrics Changes - Operating expenses were reduced by 26% from Q1 to Q2 2025, declining to $3.3 million from $4.5 million [29] - Year-to-date operating expenses are down 14% compared to the same period last year, from $9.1 million to $7.9 million [29] - Cash flow improvements were noted, with net cash used in operations declining by $2.2 million for the first six months of 2025, down to $5 million compared to $7.2 million in the same period of 2024 [29] - Cash and cash equivalents increased by 16% to $4.2 million as of June 30, 2025, up from $3.6 million at December 31, 2024 [29] - Revenue for Q2 was $1 million, with year-to-date revenue at $1.8 million [30] Business Line Data and Key Metrics Changes - BolaWrap deployments are increasing across diverse law enforcement agencies, with strong usage reported in Colorado, North Carolina, and Canada [10] - Agencies in Florida are evaluating BolaWrap as a strategic replacement for traditional electronic control devices like TASERs [10] - The crisis intervention team in a major Floridian agency reports more frequent BolaWrap use than TASERs, indicating a shift towards safer tools [11] Market Data and Key Metrics Changes - Favorable federal regulatory changes, including the Supreme Court decision in Barnes v. Felix, are driving adoption and sales of BolaWrap [15][16] - Increased inquiries and strategic discussions with customers are being observed due to heightened awareness around safer alternatives to traditional use of force tools [17] Company Strategy and Development Direction - The company has completed its restructuring efforts and is now focused on a renewed go-to-market strategy that emphasizes pre-escalation [5][40] - The introduction of new subscription models, Wrap Ready and Wrap Plus, aims to address customer concerns regarding replacement costs and enhance value propositions [31][32] - The company is expanding into adjacent markets such as healthcare, transportation, and private security, leveraging its existing technology and partnerships [26][64] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum building for Wrap Technologies, citing a sharp increase in purchase orders and positive customer feedback [4][40] - The company believes it is well-positioned to capitalize on the evolving regulatory landscape and increasing demand for safer policing tools [40] - Management highlighted the importance of training and partnerships in driving adoption and success in the market [25][52] Other Important Information - The company has applied for nearly $1 million in DOJ-funded grants to support pre-escalation tools and training [33] - A new counter UAS capability has been developed, targeting a growing market projected to reach $6.8 billion by 2030 [38] - The rebranding of the body-worn camera business line to WrapVision aims to address data sovereignty concerns and enhance product offerings [39] Q&A Session Summary Question: How do you plan to accelerate adoption among law enforcement agencies in the US and internationally? - Management noted that adoption is being driven by regulatory changes and direct engagement with departments, emphasizing the importance of training and connectivity with officers [42][45][50] Question: How do you plan to penetrate non-law enforcement sectors? - The company is already seeing interest from hospitals and correction facilities, with a focus on scaling operations and leveraging data to drive adoption [56][60][64] Question: Are there adjacent product lines or technology upgrades planned in the next eighteen months? - Management confirmed ongoing developments, including counter drone capabilities and enhancements to the body-worn camera line, indicating a strategic focus on expanding product offerings [67][70] Question: What is the status of the company's move to Virginia, and when do you expect production to ramp up? - The company has fully moved to Virginia and is prepared to scale production in response to increasing demand [76][78] Question: How do you see one-time sales versus subscription services as a portion of your revenues? - Management highlighted a strategic shift towards recurring subscription models, which are expected to provide more stable revenue streams compared to one-time sales [80][81]

Core Viewpoint - Wrap Technologies, Inc. has launched Project PAN-DA, a handheld counter-drone system derived from its BolaWrap® 150 platform, aimed at addressing the growing global counter-unmanned aircraft systems (C-UAS) market, projected to reach $6.8 billion by 2030 [1][6]. Company Overview - Wrap Technologies is a leader in innovative public safety technology, focusing on non-lethal tools and solutions for law enforcement and public safety organizations [14]. - The company has a proven track record with its BolaWrap® 150 device, which is used by over 1,000 law enforcement agencies worldwide [15]. Product Development - Project PAN-DA is designed to engage and disable small unmanned aerial systems (sUAS) at close range, providing a cost-effective and reusable alternative to traditional missile interceptors and electronic jamming systems [3][4]. - The system utilizes Wrap's patented tether-and-anchor technology, allowing for multiple engagements per unit, enhancing operational efficiency [3][4]. Market Context - The global counter-drone market is expected to grow from $1.9 billion in 2023 to over $6.8 billion by 2030, driven by the increasing use of small UAS in criminal and military activities [6]. - PAN-DA is positioned as a last-line kinetic defense option that complements existing detection and electronic countermeasure systems [6]. Research and Development - Following the successful proof of concept for Phase One, Wrap's engineering teams will focus on enhancing the system's range, area-of-effect, and cost-effectiveness to adapt to evolving drone threats [8].

Core Insights - Wrap Technologies, Inc. is launching a research and development initiative to adapt its BolaWrap® 150 technology for the counter-unmanned aircraft systems (C-UAS) market, introducing the Wrap-Merlin 1, a modular drone-mounted payload designed to neutralize hostile drones mid-flight without high costs associated with missiles or single-use interceptors [3][10]. Product Development - Wrap-Merlin 1 can mount one to six BolaWrap® 150 cassettes on an FPV drone platform, featuring a remote deployment mechanism and first-person-view targeting system, allowing for effective engagement of hostile drones [4][6]. - The product is designed for rapid deployment and reloading, providing a cost-effective alternative to traditional counter-drone solutions [5][7]. Market Integration - Wrap-Merlin 1 is engineered for integration with Department of Defense (DoD) Blue UAS-approved platforms, allied drone systems, and commercial security operations, supporting NATO-aligned and commercial FPV drone platforms [5][6]. - The open-architecture design allows for quick customization and mission-specific configurations, addressing urgent operational needs for domestic agencies and forward-deployed forces [6][9]. Market Opportunity - The global counter-UAS market is projected to grow from $1.9 billion in 2023 to over $6.8 billion by 2030, driven by increasing drone incursions over military and critical infrastructure sites [10]. - By adapting its existing technology for aerial applications, Wrap has the potential for a cost-efficient entry into the defense sector, which is experiencing strong funding momentum from the U.S. Department of Defense and allied governments [10][11]. Development and Testing - Wrap-Merlin 1 is currently undergoing development testing in both C-UAS environments and live battlefield settings to refine its performance and ensure interoperability across platforms [8][9].

Core Insights - Wrap Technologies, Inc. has launched WrapVision, a next-generation body-worn camera platform designed for law enforcement, public safety, and healthcare professionals, emphasizing compliance with the Trade Agreements Act and North American manufacturing [1][2][13] Product Features - WrapVision features a 6000 mAh battery providing up to 12 hours of operation, a 180° x 180° distortion-free lens, an 8MP high-resolution sensor, and integrated LTE, Wi-Fi, Bluetooth, and VPN for secure live streaming [4] - The platform is compatible with major video management systems like Genetec and Milestone, promoting flexibility and avoiding proprietary ecosystem lock-in [3][4] Strategic Positioning - The launch of WrapVision aligns with the increasing focus on officer safety, community trust, and data security, positioning the company as a reliable partner for U.S. agencies [2][5] - The product aims to address a growing, regulation-driven market segment with high demand for trusted, domestic solutions, supporting Wrap's multi-channel, subscription-driven revenue strategy [8] Data Governance and Security - WrapVision's North American manufacturing and TAA compliance are critical for safeguarding mission-critical data, ensuring adherence to stringent federal sourcing standards [6] - The company offers secure North American exclusive data centers to protect sensitive public safety video and evidence from unauthorized access and cyber threats [7] Cost Efficiency - WrapVision is competitively priced, expected to deliver cost savings over other body-worn camera platforms, and is ready for immediate deployment [8]

Core Viewpoint - Wrap Technologies, Inc. is set to hold a conference call on August 14, 2025, to discuss its financial and operational results for Q2 2025, with results expected to be released prior to the call [1][2]. Company Overview - Wrap Technologies, Inc. is recognized as a global leader in public safety solutions, integrating advanced technology with skilled personnel to tackle modern public safety challenges [3]. Product Innovations - The BolaWrap 150 is a leading solution for law enforcement, designed to provide a safer alternative during critical incidents by utilizing a multi-sensory cognitive disruption approach, which helps manage non-compliant subjects without resorting to higher-force options [4]. - Wrap Reality VR serves as an immersive training simulator aimed at enhancing decision-making under pressure for first responders, offering realistic scenarios to improve their skills and confidence [5]. - WrapVision is a new body-worn camera and evidence management system that emphasizes efficiency, security, and transparency, capturing high-quality digital evidence while ensuring regulatory compliance [6][7].

Core Insights - Wrap Technologies, Inc. has appointed Dr. Todd Larson as Strategic Advisor to guide the development of WrapTactics™, an advanced learning management system aimed at enhancing police training through emotional intelligence and tactical problem-solving [3][5][6] Company Overview - Wrap Technologies, Inc. is a global leader in innovative public safety technologies and non-lethal tools, addressing modern challenges faced by public safety organizations [8] - The company’s flagship product, BolaWrap® 150, is a non-lethal device designed to provide law enforcement with safer options during critical incidents, used by over 1,000 agencies in the U.S. and 60 countries [9] Dr. Todd Larson's Role - Dr. Larson brings over 30 years of experience in law enforcement and education, including a 22-year tenure with the Scottsdale Police Department and teaching roles at various universities [4][6] - His focus will be on embedding scenario-based training modules that emphasize mindset framing, emotion regulation, and tactical precision in policing [5][14] Product Innovations - Wrap Reality® VR is a comprehensive training simulator that enhances decision-making under pressure, providing realistic scenarios for first responders [10] - WrapVision is a body-worn camera and evidence management system designed for efficiency and security, built in North America to ensure data integrity [11][12]

Core Viewpoint - Wrap Technologies, Inc. has appointed Gerald "Jerry" Ratigan as the new Chief Financial Officer to enhance its financial and operational performance, leveraging his extensive experience in public companies and capital markets [1][11][12]. Leadership Appointment - Gerald Ratigan brings over 20 years of experience in financial strategy, capital markets, and advisory roles, with a proven track record in financial modernization and organizational agility [2][11]. - Ratigan's previous roles include Senior Vice President of Accounting and Controls at The Gearbox Entertainment Company, where he led financial operations through a successful acquisition [4][11]. - His diverse career includes positions in Big Four public accounting and C-suite roles in high-growth sectors such as gaming and fintech [4][8]. Financial Strategy and Operations - Ratigan has demonstrated expertise in scaling finance operations, transforming reporting ecosystems, and guiding companies through M&A transactions and digital transformations [3][11]. - His leadership will focus on aligning Wrap's financial operations with long-term strategy, ensuring accountability, and maximizing commercial opportunities [12][11]. Internal Promotions - Louis Springer has been promoted to Vice President of Finance, reflecting Wrap's commitment to internal talent and operational scaling [13][14]. - Springer's background in financial services and investment banking is expected to enhance Wrap's ability to align daily financial operations with long-term value creation [13][14]. Company Overview - Wrap Technologies, Inc. is a leader in innovative public safety technologies, providing solutions like the BolaWrap® 150, which offers law enforcement a non-lethal option for managing critical incidents [15]. - The company also offers Wrap Reality® VR, a training simulator for first responders, and WrapVision, a body-worn camera system designed for efficiency and compliance [16][17].