Detail akcie Wrap Technologie Rg online

Business Summary: Wrap Technologies, Inc., formerly Wrap Technologies, LLC, is a security technology company. The Company is engaged in providing solutions to customers, primarily law enforcement and security personnel. Its product includes the BolaWrap 100. The BolaWrap 100 is a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle an individual at a range of 10-25 feet. BolaWrap 100 assists law enforcement to safely and effectively control encounters. BolaWrap 100 enables law enforcement to remotely and temporarily control an individual or impede flight by targeting and wrapping an individual’s legs. BolaWrap 100 contains a receptacle for the bola cartridge along with the activation, deployment and safety mechanisms. Bola cartridges are quickly ejected allowing rapid reloading, activation and deployment. As of April 17, 2017, the Company’s product was in the development stage and it had no operations.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2018, Wrap Technologies Inc revenues increased from $0K to $23K. Net loss increased from $834K to $3.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling, general and administrative - Ba increase from $510K to $2.6M (expense), Research and development increase from $311K to $735K (expense).