Wrap Technologies, Inc. (NASDAQ: WRAP) disclosed on Monday that it has entered the third quarter of 2026 with approximately $1.2 million in international orders from customers in Brazil and India. The company expects to recognize the associated revenue during the current quarter, reflecting expanding global adoption of its BolaWrap 150 restraint device.
The orders were secured before increased customer interest following a recent ruling by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) that classified the BolaWrap 150 as an instrument of restraint rather than a firearm or “any other weapon.” The regulatory change is expected to further drive demand, particularly in domestic markets where law enforcement agencies may now face fewer legal hurdles in deploying the device.
Wrap Technologies reaffirmed its target of approximately 100% year-over-year revenue growth for 2026, citing expanding international deployments, repeat customer activity, and a growing commercial pipeline. The company’s BolaWrap 150 device, used by over 1,000 agencies across the U.S. and in 60 countries, deploys a multi-sensory distraction followed by a non-lethal restraint, aiming to reduce injuries during critical incidents.
The company’s complete public safety portfolio also includes the Wrap Reality immersive training platform, WrapVision body-worn camera system, and next-generation counter-unmanned aircraft system (C-UAS) solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette. WrapVision, powered by IONODES, is designed with a made-in-America roadmap projected for early 2026 to address data integrity and security concerns.
For more details on the announcement, view the full press release at https://ibn.fm/4PKTZ.
Note to investors: The latest news and updates regarding WRAP are available in the company’s newsroom at https://ibn.fm/WRAP.
