A New CEO Sets Up Wrap Technologies For Strong Growth

Summary The extreme valuation is not supported by its sales. But that may change under the new CEO. Sales have likely limited the market of the myopic vision of Wrap Technologies' prior management. A new CEO has been named whose background indicates he may have a wider vision. There are markets outside law enforcement that have not been tapped. We think the new CEO will have the vision to tap those other markets. The new paradigm of law enforcement in the aftermath of George Floyd's death, and the costs of lawsuits from even non-lethal physical restraints, virtually screams for a BolaWrap type of device. Federal and other leaders are alert to the need of a non-lethal device beyond the Taser. We think that could impel an acquisition.