Wrap Technologies second quarter 2026 revenue of $2.1M beats estimates as margins reach 75%

Wrap Technologies reported second quarter 2026 revenue of $2.1 million, representing 103% year-over-year growth and exceeding analyst estimates of $1.61 million. The company achieved significant operational progress, highlighted by a massive expansion in gross margins and narrowed losses, while benefiting from a favorable regulatory ruling post-quarter.

Key Highlights

• Total revenue increased 103% to $2.1 million, surpassing the $1.61 million consensus estimate.
• Gross margin expanded to approximately 75%, up from 48% in the prior-year period, driven by favorable product sales acceleration.
• Net loss narrowed by 39% to $(2.3) million, while loss from operations improved by 21% year-over-year to $(2.3) million.
• The U.S. ATF classified the BolaWrap 150 as a non-firearm instrument of restraint, a move management expects will unlock a market of 1.2 million private security officers.