Wrap Q2 revenue up 103% to $2.1M; ATF classifies BolaWrap 150 as non-firearm

WRAP TECHNOLOGIES, INC.

Q2 revenue rose 103% YoY to $2.1M; gross margin expanded to ~75% from ~48%; net loss improved 39% to $(2.3)M.
Cash at $4.8M at June 30, 2026 vs $3.5M at Dec 31, 2025; total liabilities cut to $2.0M from $3.9M.
ATF classified BolaWrap 150 as instrument of restraint/rescue, not firearm or weapon, opening private-security market of 1.2M licensed officers.
Strategic investment in Frenel Imaging Ltd. anchors detection layer of WrapShield platform for defense and homeland-security markets.
Company maintains prior 100% revenue growth target for 2026; not updating based on current information.

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