Wrap Technologies opens Q3 with $1.2M in international orders

Wrap Technologies, Inc. (Nasdaq: WRAP) announced $1.2 million in international orders at the start of the third quarter of 2026, with purchases from distributors in Brazil and India, according to a company statement.

In Brazil, distributors placed orders on behalf of two public safety agencies. A distributor in India placed an additional order. The company said revenue from these bookings is expected to be recognized in the third quarter.

The orders preceded increased customer interest following an ATF ruling issued June 15, 2026. ATF Ruling 2026-2 formally classifies the BolaWrap 150 as an instrument of restraint rather than a firearm or an "any other weapon," superseding prior federal classifications. The company said the ruling may simplify procurement, policy adoption, and deployment in certain markets.

"For years, BolaWrap operated under a federal classification that did not reflect what the product actually is," said Scot Cohen, Chief Executive Officer of Wrap Technologies. "The ATF's recognition of BolaWrap as an instrument of restraint removes a real barrier and aligns federal policy with how agencies use our technology every day."

Wrap Technologies reaffirmed its previously stated target of approximately 100% year-over-year revenue growth for full-year 2026, citing international adoption, repeat customer activity, and its commercial pipeline as factors in management's outlook.

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