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Wrap Q2 Loss Narrows as Product Sales Rise and Gross Profit Jumps

Wrap Technologies logoWrap Technologies
Sig2.42Sen+1.86Env0.00Soc+0.34Gov+0.52

Wrap reported a 2026 second-quarter net loss of 4 cents per share, narrower than the prior-year loss of 7 cents. Product sales rose to $1.7 million, gross profit increased 217% to $1.5 million, and gross margin expanded to 75.3%, while services revenue fell and SG&A rose to $3.6 million. Cash used from operations declined to $3.7 million. Management highlighted a shift toward services and recurring revenue, aided by the ATF’s restraint classification of BolaWrap 150.

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