Wrap Technologies posts $1.1M Q1 revenue, receives DHS contract
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Wrap Reports $1.1M Q1 Revenue; $3.2M in Bookings; Lands DHS Contract as Drone and Counter-UAS Pre-Orders Accelerate
May 13, 2026 4:00 PM EDTMIAMI, May 13, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (NASDAQ: WRAP) (Wrap or, the Company), a global leader in non-lethal response, today announced financial and operating results for the first quarter ended March 31, 2026, highlighted by triple-digit growth in product sales, an expanding active installed base, and a strengthened balance sheet as the Company continues to execute against its target of approximately 100% revenue growth in 2026.
First Quarter 2026 Financial Highlights (vs. Q1 2025):
Revenue increased 45% to $1.1 million, compared to $0.8 million in the prior-year periodBookings totaled $3.2 million in Q1 2026, including approximately $1.1 million from domestic... More