$1.2M in International Orders Kick Off Q3, 100% Revenue Growth Target Reaffirmed
WRAP has more than doubled off its 52-week low of $1.04 on elevated volume (6.8× avg).
Summary
WRAP Technologies opened Q3 with $1.2 million in international orders from Brazil and India, signaling expanding global adoption of its BolaWrap 150. The orders come from repeat customers and new agencies, reflecting growing operational deployment beyond initial evaluations. Management reaffirmed its target of 100% year-over-year revenue growth for 2026, citing favorable regulatory tailwinds from the recent ATF ruling that classified the BolaWrap 150 as an instrument of restraint. This follows a series of positive developments, including a five-year LVMPD contract renewal, UMBC adoption, and exclusive NATO drone detection distribution rights. The international traction and regulatory clarity strengthen the company's transition toward commercial scale.
At the time of this announcement, WRAP was trading at $2.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $137.1M. The 52-week trading range was $1.04 to $3.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.