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MIAMI - Wrap Technologies, Inc. (NASDAQ:WRAP), a $119 million market cap company whose stock has surged over 60% in the past six months according to InvestingPro data, unveiled what it claims is the first commercially available non-lethal drone interdiction system in the United States on Friday, expanding its public safety product portfolio.
The new system, called DFR-X (Drone First Responder - X), is designed to transform standard drones from observation platforms into active response tools by integrating the company’s BolaWrap technology into a drone-mounted payload. Despite maintaining a healthy gross margin of 53.4%, InvestingPro data shows the company is yet to achieve profitability, with revenue at $3.24 million in the last twelve months.
According to the company’s press release, the DFR-X payload features a six-cassette system with remote deployment capabilities that can be integrated with third-party drone platforms. The company states the system is intended to allow drones to not only observe threats but also potentially intervene before officers arrive on scene.
"Our team has worked tirelessly to engineer a modular, drone-agnostic solution that leverages Wrap’s proven non-lethal BolaWrap tether technology," said Michael Brown, Vice President of Product at Wrap.
The company has completed internal Phase II testing of the system, which it has named MERLIN-Interdictor, and plans to begin taking pre-orders on November 17, 2025.
Jared Novick, President of Wrap, emphasized the system is "meant to be used under clear operational policies, with trained personnel and strict safety protocols."
The DFR-X marks Wrap’s first product in the unmanned aerial systems (UAS) market. The company indicates the system could potentially be used in school safety programs and urban SWAT operations.
Wrap Technologies currently offers several public safety products including its flagship BolaWrap 150 device, which deploys a tether to restrain subjects without causing pain, as well as virtual reality training systems and body-worn cameras.
The company plans to manufacture the new drone system at its Virginia facility and will offer agencies training and policy support materials with purchase. Currently trading at $2.35, Wrap Technologies shows signs of being overvalued according to InvestingPro’s Fair Value analysis. Investors can access detailed valuation metrics, 8 additional ProTips, and comprehensive financial analysis through InvestingPro’s exclusive research report.
In other recent news, Wrap Technologies, Inc. has completed Stage One of Phase II testing for its Project MERLIN-1 modular aerial defense system. The tests took place at the company’s facilities in Virginia and North Carolina, validating key design specifications. Additionally, the Le Sueur Police Department in Minnesota has entered a two-year partnership with Wrap Technologies to deploy the BolaWrap 150 devices and WrapTactics training program. This collaboration aims to measure the impact of the technology on line-of-duty injuries and operational costs.
Wrap Technologies has also partnered with Carahsoft Technology Corp. to expand its public safety solutions to government agencies. Carahsoft will act as Wrap’s Master Government Aggregator, making WrapPlus subscription services available through various contract vehicles. In leadership news, Wrap Technologies has appointed Braden Frame as Chief Commercial Officer and Joseph Cameron as Chief Revenue Officer. Both executives bring extensive experience in public safety and technology to their new roles.
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