Wrap Technologies, Inc.

TEMPE, Ariz., June. 10, 2023 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) ('Wrap' or the 'Company'), a global leader in innovative public safety technologies and services, today announced results for the second quarter ended June 30, 2023.

Second Quarter Highlights

New management completed its initial business review and developed a multi-year strategic roadmap for growth, profitability, and enhanced value creation.

Operating expense was $5.2 million in Q2 2023, representing a 32% year-over-year decline and reflecting new management's focus on achieving greater efficiencies.