Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Wrap Technologies, Inc. is a public safety technology company that develops and sells non-lethal force alternatives and training solutions primarily for law enforcement, corrections, and other public safety agencies. The company operates within the public safety, law enforcement equipment, and defense technology industries, focusing on tools designed to reduce the use of lethal force and improve outcomes in encounters involving non-compliant or high-risk individuals.
The company’s core offering is the BolaWrap remote restraint device, which deploys a Kevlar tether to restrain a subject from a distance. In addition to hardware, Wrap Technologies provides immersive training solutions through Wrap Reality, a virtual reality–based training platform designed to help officers improve decision-making and de-escalation skills. Founded in 2016, the company evolved from a product-focused startup into a publicly traded company emphasizing integrated hardware and training solutions, positioning itself as a differentiated provider of non-lethal public safety technologies.
Business Operations
Wrap Technologies generates revenue primarily through the sale of BolaWrap devices, replacement cartridges, and related accessories, along with subscription and licensing revenue from Wrap Reality training content and systems. The company’s operations are organized around product development, manufacturing oversight (with third-party manufacturing partners), sales, and customer support for government and institutional clients.
The company operates primarily in the United States but also conducts international sales through distributors and direct relationships with foreign law enforcement and security agencies. Wrap Technologies controls proprietary intellectual property related to its restraint technology and virtual reality training systems. Public disclosures identify no large-scale joint ventures; however, the company relies on distribution partners and technology collaborators to expand market reach and enhance product capabilities.
Strategic Position & Investments
Strategically, Wrap Technologies positions itself as a provider of less-lethal alternatives that align with increasing demand for accountability, de-escalation, and risk reduction in policing and corrections. Growth initiatives have focused on expanding domestic law enforcement adoption, increasing international distribution, and broadening recurring revenue through training and software-based offerings.
The company has invested in the continued development of Wrap Reality as a scalable training platform and has emphasized integration between its hardware and training ecosystems. Public filings indicate that acquisitions have not been a primary growth mechanism; instead, the company has focused on internal product development and incremental technology investments. Exposure to emerging sectors includes virtual reality training and data-driven use-of-force analysis, though detailed adoption metrics vary across disclosures.
Geographic Footprint
Wrap Technologies is headquartered in the United States and primarily serves U.S. federal, state, and local law enforcement agencies. Its domestic market represents the majority of reported revenue, supported by direct sales and government procurement channels.
Internationally, the company has an expanding presence across Europe, Asia-Pacific, Latin America, and parts of the Middle East, largely through distributor agreements and pilot programs with foreign police and security forces. While international operations represent a smaller portion of total revenue compared to the U.S., the company has identified global law enforcement modernization as a long-term growth opportunity.
Leadership & Governance
Wrap Technologies was founded by Scott Taylor, who played a central role in developing the company’s initial technology and early market positioning. The company is led by an executive team with experience in public safety, defense, and public company operations, guided by a board of directors responsible for corporate governance and strategic oversight.
Key executives include:
- Tom Smith – President & Chief Executive Officer
- Scott Taylor – Founder & Director
- Data inconclusive based on available public sources regarding the current Chief Financial Officer and certain senior operational roles, as recent filings and disclosures present inconsistencies in executive role attribution across reporting periods.