WRAP TECHNOLOGIES, INC.

Analysis for Ticker: WRAP

Wrap Technologies Inc develops non-lethal tools for law enforcement such as the BolaWrap which shoots a cord to restrain suspects and virtual reality systems for police training. The public sees a technology company with a market value of 83$ million and a stock price sitting between 1,45$ and 1,50$. The internal reality is a machine designed to transfer wealth from the public to the people in the boardroom. The business is losing 10,3$ million in cash every year while only bringing in 4,6$ million in revenue. It is a financial disaster where the company spends millions on executive bonuses and free stock awards while only spending 56.000$ on research for new products. With an accumulated hole of 116,3$ million in its pockets, the math shows the company is eating itself from the inside out.