Wrap Technologies reported a narrower second-quarter 2026 net loss of 4 cents per share, compared with a loss of 7 cents per share a year earlier, as revenues more than doubled to $2.1 million. Product sales climbed to $1.7 million from $0.01 million, while technology-enabled services revenues declined to $0.3 million from $1 million. Net loss narrowed to $2.3 million from $3.7 million, and gross margin expanded to 75.3% from 48.1%. Management highlighted the ATF's classification of BolaWrap 150 as an instrument of restraint rather than a firearm, which could expand its addressable market, and noted a Department of Homeland Security purchase order during the quarter.
Wrap Technologies IncRevenues more than doubled on stronger BolaWrap sales, with product sales jumping to $1.7M from $0.01M.
