Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to restrain an individual at a distance from 10 to 25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement in safely and effectively deescalating encounters, especially those involving an individual in crisis. BolaWrap 100 has already been used to safely apprehend suspects without injury in Los Angeles, Sacramento, Fresno, Bell, Albuquerque, Minneapolis, West Palm Beach, Fort Worth, and Oak Ridge.
Company profile
Ticker
WRAP
Exchange
Website
CEO
Thomas P. Smith
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Wrap Reality, Inc. ...
WRAP stock data
Latest filings (excl ownership)
8-K
Wrap Technologies, Inc. Reports Fourth Quarter and Full Year 2022 Results
2 Mar 23
10-K
2022 FY
Annual report
2 Mar 23
8-K
Material Modifications to Rights of Security Holders
10 Feb 23
8-K
Entry into a Material Definitive Agreement
29 Nov 22
8-K
Wrap Technologies, Inc. Reports Third Quarter 2022 Results
14 Nov 22
10-Q
2022 FY
Quarterly report
9 Nov 22
8-K
Wrap Technologies Reports Second Quarter 2022 Results
11 Aug 22
10-Q
2022 Q2
Quarterly report
10 Aug 22
8-K
Wrap Announces the Appointment of New CFO Chris DeAlmeida
25 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
23 Jun 22
Transcripts
WRAP
Earnings call transcript
2022 Q4
1 Mar 23
WRAP
Earnings call transcript
2022 Q3
10 Nov 22
WRAP
Earnings call transcript
2022 Q2
11 Aug 22
WRAP
Earnings call transcript
2021 Q4
11 Mar 22
WRAP
Earnings call transcript
2021 Q3
29 Oct 21
WRAP
Earnings call transcript
2021 Q2
1 Aug 21
WRAP
Earnings call transcript
2021 Q1
30 Apr 21
WRAP
Earnings call transcript
2020 Q4
5 Mar 21
WRAP
Earnings call transcript
2020 Q3
30 Oct 20
WRAP
Earnings call transcript
2020 Q3
29 Oct 20
Financial summary
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| Annual (USD) | Dec 22 | Sep 22 | Dec 21 | Dec 20 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 5.33 mm | 5.33 mm | 5.33 mm | 5.33 mm | 5.33 mm | 5.33 mm |
| Cash burn (monthly) | (no burn) | (no burn) | 1.20 mm | 1.48 mm | 1.19 mm | 1.22 mm |
| Cash used (since last report) | n/a | n/a | 3.38 mm | 4.15 mm | 3.34 mm | 3.42 mm |
| Cash remaining | n/a | n/a | 1.95 mm | 1.18 mm | 1.99 mm | 1.91 mm |
| Runway (months of cash) | n/a | n/a | 1.6 | 0.8 | 1.7 | 1.6 |
Institutional ownership, Q4 2022
21.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 61 |
| Opened positions | 10 |
| Closed positions | 11 |
| Increased positions | 16 |
| Reduced positions | 12 |
| 13F shares | Current |
|---|---|
| Total value | 5.88 bn |
| Total shares | 9.74 mm |
| Total puts | 13.48 k |
| Total calls | 111.90 k |
| Total put/call ratio | 0.1 |
| Largest owners | Shares | Value |
|---|---|---|
| Norris Elwood G | 5.45 mm | $26.55 mm |
| Vanguard | 1.05 mm | $1.78 bn |
| USB U.S. Bancorp. | 733.06 k | $1.24 bn |
| BLK Blackrock | 489.48 k | $827.22 mm |
| Geode Capital Management | 260.73 k | $440.00 k |
| Millennium Management | 236.70 k | $400.00 k |
| Redmond Asset Management | 205.23 k | $346.85 mm |
| HighTower Advisors | 127.83 k | $224.00 mm |
| Alerus Financial Na | 97.76 k | $165.21 mm |
| Royal Capital Wealth Management | 92.64 k | $157.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Mar 23 | Glenn M Hickman | Common Stock | Payment of exercise | Dispose F | No | No | 1.908 | 6,608 | 12.61 k | 85,321 |
| 6 Mar 23 | Michael Parris | Common Stock | Grant | Acquire A | No | No | 0 | 8,950 | 0.00 | 258,374 |
| 6 Mar 23 | Wayne Remell Walker | Common Stock | Grant | Acquire A | No | No | 0 | 8,950 | 0.00 | 83,731 |
| 6 Mar 23 | Kimberly C. Sentovich | Common Stock | Grant | Acquire A | No | No | 0 | 8,950 | 0.00 | 39,932 |
| 6 Mar 23 | Cohen Scot | Common Stock | Grant | Acquire A | No | No | 0 | 8,950 | 0.00 | 4,976,357 |
News
12 Information Technology Stocks Moving In Tuesday's Intraday Session
14 Mar 23
12 Information Technology Stocks Moving In Friday's After-Market Session
3 Mar 23
Wrap Technologies Q4 EPS $(0.09) Misses $(0.08) Estimate, Sales $3.58M Beat $3.27M Estimate
1 Mar 23
Earnings Scheduled For March 1, 2023
1 Mar 23
12 Information Technology Stocks Moving In Monday's After-Market Session
27 Feb 23
Press releases
Wrap® to Host Investor Insights Webcast on March 23, 2023
17 Mar 23
Wrap Technologies, Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on Wednesday, March 1, 2023 at 5:00 p.m. ET
15 Feb 23
Officers Successfully Deploy BolaWrap® to Safely Apprehend Suspect Involved in a Domestic Dispute in Alton, TX
14 Feb 23
Wrap® Launches Use of Force Reduction Guarantee
8 Feb 23
Wrap® to Host Investor Insights Webcast
7 Feb 23