Wrap Technologies, Inc. (NASDAQ: WRAP) announced it has entered the third quarter of 2026 with approximately $1.2 million in international orders from customers in Brazil and India. The revenue from these orders is expected to be recognized during the quarter, reflecting expanding international adoption of the company's BolaWrap 150 restraint device. The orders were secured before increased customer interest following a recent ruling by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) that classified the BolaWrap as an instrument of restraint rather than a firearm or “any other weapon.”
The company stated that the combination of repeat international orders, growing global demand, and the favorable regulatory change positions Wrap for a potentially strong second half of 2026. Wrap 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 full press release is available at https://ibn.fm/4PKTZ.
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. It is intended to provide law enforcement with a safer choice for managing non-compliant subjects before resorting to higher-force options, reducing the risk of injury to officers, subjects, and the community. The device is used by over 1,000 agencies across the U.S. and in 60 countries, and its training is certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST).
The ATF ruling is a significant regulatory milestone, as it removes the BolaWrap from classification as a firearm or weapon, potentially easing adoption by law enforcement agencies that may have been hesitant due to regulatory concerns. This clarification could accelerate domestic and international sales, as agencies may now view the device as a lower-liability tool for de-escalation.
Wrap Technologies also offers a comprehensive public safety portfolio, including the Wrap Reality immersive training platform, WrapVision body-worn camera system, WrapTactics training programs, and counter-unmanned aircraft systems (C-UAS) solutions such as PAN-DA and the 1KC Kinetic Anti-Drone Cassette. The company's mission is to provide safer, scalable, and cost-effective technologies for public safety, defense, and critical infrastructure markets.
The international orders from Brazil and India highlight growing global demand for non-lethal restraint technologies. As law enforcement agencies worldwide seek alternatives to lethal force, Wrap's BolaWrap is positioned to capture market share. The company's reaffirmed 100% year-over-year revenue growth target underscores management's confidence in its sales pipeline and regulatory tailwinds.
Investors can find the latest news and updates on Wrap Technologies in the company's newsroom at https://ibn.fm/WRAP.
