Wrap Technologies Management

Management criteria checks 2/4

Wrap Technologies' CEO is Scot Cohen, appointed in Dec 2023, has a tenure of less than a year. directly owns 13.85% of the company’s shares, worth $10.22M. The average tenure of the management team and the board of directors is 0.5 years and 1.1 years respectively.

Key information

Scot Cohen

Chief executive officer

US$121.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	13.8%
Management average tenure	less than a year
Board average tenure	1.1yrs

Recent management updates

Recent updates

Wrap Technologies: Intriguing Technology, Uncertain Future

Jan 22

Wrap announces sale of Wrap Reality Societal Reentry Enterprise Platform

Jul 21

Companies Like Wrap Technologies (NASDAQ:WRAP) Are In A Position To Invest In Growth

Mar 21

Wrap Technologies' BolaWrap Was Only Used Once In The LAPD Pilot Program Extension, And Other Bearish Events

Jun 07

Is Wrap Technologies, Inc. (NASDAQ:WRAP) Popular Amongst Insiders?

Mar 11

Wrap Technologies' (NASDAQ:WRAP) Shareholders Are Down 23% On Their Shares

Jan 27

Don't Ignore The Fact That This Insider Just Sold Some Shares In Wrap Technologies, Inc. (NASDAQ:WRAP)

Dec 23

WRAP Technologies acquires NSENA, a virtual reality training provider

Dec 16

What Kind Of Shareholders Hold The Majority In Wrap Technologies, Inc.'s (NASDAQ:WRAP) Shares?

Dec 09

Wrap Technologies changes its ticker to “WRAP”

Nov 30

WRAP expands ballistic shield product line

Nov 23

CEO Compensation Analysis

How has Scot Cohen's remuneration changed compared to Wrap Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$15m
Jun 30 2023	n/a	n/a	-US$16m
Mar 31 2023	n/a	n/a	-US$16m
Dec 31 2022	US$121k	n/a	-US$18m
Sep 30 2022	n/a	n/a	-US$19m
Jun 30 2022	n/a	n/a	-US$21m
Mar 31 2022	n/a	n/a	-US$24m
Dec 31 2021	US$575k	US$55k	-US$24m
Sep 30 2021	n/a	n/a	-US$23m
Jun 30 2021	n/a	n/a	-US$21m
Mar 31 2021	n/a	n/a	-US$16m
Dec 31 2020	US$652k	US$137k	-US$13m
Sep 30 2020	n/a	n/a	-US$12m
Jun 30 2020	n/a	n/a	-US$10m
Mar 31 2020	n/a	n/a	-US$9m
Dec 31 2019	US$120k	US$120k	-US$8m
Sep 30 2019	n/a	n/a	-US$7m
Jun 30 2019	n/a	n/a	-US$6m
Mar 31 2019	n/a	n/a	-US$4m
Dec 31 2018	US$194k	US$120k	-US$3m
Sep 30 2018	n/a	n/a	-US$2m
Jun 30 2018	n/a	n/a	-US$2m
Mar 31 2018	n/a	n/a	-US$1m
Dec 31 2017	US$50k	n/a	-US$834k

Compensation vs Market: Scot's total compensation ($USD121.00K) is below average for companies of similar size in the US market ($USD667.63K).

Compensation vs Earnings: Scot's compensation has been consistent with company performance over the past year.

CEO

Scot Cohen (54 yo)

less than a year

Tenure

US$121,000

Compensation

Mr. Scot Jason Cohen is Co-Founder & Executive Chairman of Bitzumi, Inc. Mr. Cohen serves as Executive Chairman of Wrap Technologies, Inc. from 2023 and served as its Principal Executive Officer since Dece...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scot Cohen	CEO, Co-Founder & Executive Chairman	less than a year	US$121.00k	13.85% $ 10.2m
Kevin Mullins	President & Director	2.1yrs	US$2.51m	1.12% $ 828.6k
Jared Novick	Chief Operating Officer	less than a year	no data	no data
Michael Thomas	Senior Vice President of Administration	no data	no data	no data
Marcy Rigoni	Vice President of Human Resources	less than a year	no data	no data
Don De Lucca	Chief Strategy Officer	no data	no data	no data
Matt Campagni	Senior Vice President of Operations	no data	no data	no data
Giles Tipsword	Senior Vice President of North American Sales	less than a year	no data	no data

0.5yrs

Average Tenure

52yo

Average Age

Experienced Management: WRAP's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Scot Cohen	CEO, Co-Founder & Executive Chairman	7.3yrs	US$121.00k	13.85% $ 10.2m
Kevin Mullins	President & Director	1.1yrs	US$2.51m	1.12% $ 828.6k
Marc Savas	Independent Director	1.1yrs	no data	0.059% $ 43.3k
Bruce Bernstein	Independent Director	1.1yrs	no data	0.059% $ 43.4k
Rajiv Srinivasan	Director	less than a year	no data	0.020% $ 14.8k
Timothy Szymanski	Director	less than a year	no data	0.020% $ 14.8k

1.1yrs

Average Tenure

54yo

Average Age

Experienced Board: WRAP's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.

Wrap Technologies Management

Management criteria checks 2/4

Key information

Recent management updates

Wrap Technologies, Inc. Announce Management Appointments

Wrap Technologies, Inc. Announces Chief Executive Officer Changes

Wrap Technologies, Inc. Announces Termination of Chris DealMeida as Chief Financial Officer

Wrap Technologies, Inc. Appoints Giles Tipsword as Senior Vice President of North American Sales

Less than half of directors are independent

Wrap Technologies, Inc. Announces the Appointment of Vice Admiral (Ret.) Timothy Szymanski and Rajiv Srinivasan to Serve on the Company's Board of Directors

Recent updates

Wrap Technologies, Inc. announced delayed annual 10-K filing

New minor risk - Market cap size

Wrap Technologies, Inc. to Report Q4, 2023 Results on Mar 28, 2024

Wrap Technologies: Intriguing Technology, Uncertain Future

Wrap Technologies, Inc. Announce Management Appointments

Wrap Technologies, Inc. Announces Chief Executive Officer Changes

Wrap Technologies, Inc. Announces Termination of Chris DealMeida as Chief Financial Officer

Wrap Technologies, Inc Unveils Cutting-Edge AI Functionality for Wrap Intrensic Body-Worn Camera Solution

Wrap Technologies, Inc. Bolsters BolaWrap® 150 Deployments, Promoting Safer Communities Nationwide

Third quarter 2023 earnings released: US$0.065 loss per share (vs US$0.094 loss in 3Q 2022)

New major risk - Financial position

Wrap Technologies, Inc. Provides Revenue Guidance for the Fourth Quarter 2023

Wrap Technologies, Inc. Appoints Giles Tipsword as Senior Vice President of North American Sales

New major risk - Share price stability

Wrap Technologies, Inc. Announces New Solution to Help Safeguard Cities

Wrap Technologies, Inc. to Report Q3, 2023 Results on Nov 09, 2023

Less than half of directors are independent

Wrap Technologies, Inc. Announces the Appointment of Vice Admiral (Ret.) Timothy Szymanski and Rajiv Srinivasan to Serve on the Company's Board of Directors

Wrap Technologies, Inc. (NasdaqCM:WRAP) entered into an agreement to acquire Intrensic for $2.7 million.

Second quarter 2023 earnings released: US$0.12 loss per share (vs US$0.12 loss in 2Q 2022)

Wrap Technologies, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Wrap Technologies, Inc. Announces the Widespread Adoption of Their Bolawrap(R) 150 Technology by Law Enforcement Agencies

New minor risk - Shareholder dilution

Wrap Technologies Launches Strategic Initiative to Enhance Campus Safety with BolaWrap® Amid Rising Mental Health Concerns

Wrap Technologies to Showcase its Pioneering Virtual Reality Training Platform, Wrap Reality, at the International Counterterrorism Conference

First quarter 2023 earnings released: US$0.097 loss per share (vs US$0.13 loss in 1Q 2022)

Wrap Technologies, Inc., Annual General Meeting, Jun 28, 2023

High number of new directors

Insider recently sold US$117k worth of stock

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Wrap Technologies, Inc. to Report Q4, 2022 Results on Mar 01, 2023

Wrap Technologies Announces Full Deployment of Bolawrap 150(R) Remote Restraint Devices Across Montgomery County, Texas

President recently bought US$50k worth of stock

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Wrap Technologies, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Wrap Launches “Wrap Reality Adapt,” A New Module to Its Current Virtual Reality Law Enforcement and Corrections Training Platform

Consensus forecasts updated

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Wrap Technologies, Inc. Provides Sales Guidance for the Year 2022

Wrap Technologies, Inc. to Report Q2, 2022 Results on Aug 10, 2022

Wrap Technologies, Inc. Announces CFO Changes

Wrap announces sale of Wrap Reality Societal Reentry Enterprise Platform

An unknown buyer acquired Societal Reentry Virtual Reality Software of Wrap Technologies, Inc. (Nasdaq: WRAP).

Wrap Technologies, Inc. Shares New Body Cam Footage Demonstrating Successful Deployment of BolaWrap

Consensus revenue estimates fall by 22%

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Wrap Technologies, Inc., Annual General Meeting, Jun 23, 2022

Price target decreased to US$5.25

Wrap Technologies, Inc. to Report Q1, 2022 Results on May 03, 2022

Wrap Technologies, Inc. Appoints Kevin Mullins as President

Companies Like Wrap Technologies (NASDAQ:WRAP) Are In A Position To Invest In Growth

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Wrap Technologies, Inc. to Report Q4, 2021 Results on Mar 10, 2022

Price target decreased to US$6.38

Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.11 loss in 3Q 2020)

Price target decreased to US$8.08

Second quarter 2021 earnings released: US$0.20 loss per share (vs US$0.09 loss in 2Q 2020)

Wrap Technologies, Inc.(NasdaqCM:WRAP) dropped from Russell 3000E Index

Director exercised options and sold US$58k worth of stock

Independent Director recently sold US$171k worth of stock

WRAP Demonstrates the BolaWrap® for Miami Police Department, City Commissioners, and Mayor

Wrap Technologies' BolaWrap Was Only Used Once In The LAPD Pilot Program Extension, And Other Bearish Events

Wrap Technologies, Inc. Announces That the Next Phase of the Los Angeles Police Department’s Bolawrap Pilot Program Will Begin in the Third Quarter of 2021

First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.078 loss in 1Q 2020)

Is Wrap Technologies, Inc. (NASDAQ:WRAP) Popular Amongst Insiders?

Wrap Technologies, Inc. Appoints Tom Smith as Chief Executive Officer

Full year 2020 earnings released: US$0.37 loss per share (vs US$0.29 loss in FY 2019)

Revenue beats expectations