Wrap Technologies’ (WRTC) BolaWrap targets a very small subsegment of the market – confrontations with the mentally ill.
Due to the amount of space needed to fire it, the BolaWrap only works outside in open areas.
Most of WRTC sales are to tiny police departments, generating immaterial revenue.
Anti-police violence protests have cooled off, expect related stocks like WRTC to do the same.
Even with a realistically bullish outlook on BolaWrap sales, WRTC revenues would still be below $5M per year.
See follow-up report with disastrous LAPD BolaWrap trial results here.
Wrap Technologies’ (WRTC) BolaWrap targets a very small subsegment of the market – confrontations with the mentally ill.
Due to the amount of space needed to fire it, the BolaWrap only works outside in open areas.
Most of WRTC sales are to tiny police departments, generating immaterial revenue.
Anti-police violence protests have cooled off, expect related stocks like WRTC to do the same.
Even with a realistically bullish outlook on BolaWrap sales, WRTC revenues would still be below $5M per year.
Read the full report on Seeking Alpha here.
