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Wrap Technologies reports 45% revenue growth in Q1 2026, lands DHS contract, and expands drone tech sales.

Company Fundamentals
13 May 2026
Na
View Source
Bullish
pluang ai news

Wrap Technologies reported a 45% revenue increase to $1.1 million in Q1 2026, driven by strong domestic and international demand for its non-lethal BolaWrap 150 product. The company secured a significant purchase order from the U.S. Department of Homeland Security, marking early federal adoption of its technology. Wrap also expanded its drone and counter-drone systems internationally, including new agreements in the UK, Europe, and India. Despite a net loss of $4.5 million due to increased operating expenses, Wrap improved cash flow and aims for approximately 100% revenue growth in 2026, focusing on scaling non-lethal public safety and drone interdiction solutions globally.

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