Name | Value |
---|---|
Revenues | 593.0K |
Cost of Revenue | 358.0K |
Gross Profit | 235.0K |
Operating Expense | 3,861.0K |
Operating I/L | -3,626.0K |
Other Income/Expense | 5,299.0K |
Interest Income | 21.0K |
Pretax | 1,673.0K |
Income Tax Expense | 0.0K |
Net Income/Loss | 1,990.0K |
Wrap Technologies, Inc. is a public safety technology and services company that specializes in developing policing solutions for law enforcement and security personnel. The company's flagship product, BolaWrap 150, is a hand-held remote restraint device that uses a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. This innovative tool provides a non-lethal alternative for controlling subjects, contributing to public safety and reducing the need for more forceful measures. Wrap Technologies generates revenue by selling its BolaWrap devices and providing related training and support services to law enforcement agencies and security organizations worldwide.