Wrap Technologies, Inc. (NASDAQ: WRAP) announced it entered the third quarter of 2026 with approximately $1.2 million in international orders from customers in Brazil and India, with the associated revenue expected to be recognized during the quarter. The company said the orders reflect expanding international adoption of its BolaWrap 150 restraint device and were secured before increased customer interest following the recent ATF ruling classifying the product as an instrument of restraint rather than a firearm or “any other weapon.”
Wrap said the combination of repeat international orders, growing global demand and the favorable regulatory change positions the company for a potentially strong second half of 2026. The company 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 BolaWrap 150 is a non-lethal restraint device that deploys a multi-sensory distraction of sight and sound as a first response, followed by a non-lethal restraint if further escalation is required. This approach reduces the risk of injury to officers, subjects, and the community. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).
Wrap Technologies also offers a complete public safety portfolio including the Wrap Reality immersive training platform, WrapVision body-worn camera system, WrapTactics training programs, and next-generation C-UAS solutions like PAN-DA and the 1KC Kinetic Anti-Drone Cassette. The company focuses on providing safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.
The favorable ATF ruling is a significant development for Wrap, as it clarifies the regulatory status of the BolaWrap, potentially easing procurement processes for law enforcement agencies. The ruling classifies the device as an instrument of restraint rather than a firearm or weapon, which may encourage broader adoption.
Investors can find the latest news and updates regarding WRAP in the company’s newsroom at https://ibn.fm/WRAP. The full press release is available at https://ibn.fm/4PKTZ.
