Wrap Technologies, Inc. (NASDAQ: WRAP), a leader in non-lethal response technologies, has announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a significant increase in gross revenue, which rose by 62% to $1.4 million in Q4 2025 compared to $0.9 million in the same quarter of the previous year. This growth was driven by a doubling of product sales, which reached $1.2 million, reflecting heightened demand for its flagship product, the BolaWrap. Additionally, the company achieved a gross profit of $0.7 million, up 79% from the prior year, and improved its gross margin from 47% to 52%. For the full year, Wrap Technologies reported a 15% increase in gross revenue, totaling $5.2 million, with technology-enabled services revenue surging by 85% to $1.7 million. The company is optimistic about its future, setting a target of approximately 100% revenue growth for 2026, supported by strategic initiatives and expanding market presence. Wrap's operational efficiency is also evident as total operating expenses decreased by 10% to $16.2 million in 2025, while the loss from operations improved by 13%. The company is focused on scaling its subscription-based training and digital evidence management services, which are expected to contribute to a more predictable revenue stream. With over 10,000 active BolaWrap units deployed and a strategic shift towards comprehensive, fleet-wide deployments, Wrap Technologies is well-positioned for continued growth in the public safety sector.

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