Wrap Technologies completed a live‑field test of its MERLIN‑Interdictor on October 30, 2025, demonstrating the first recorded deployment of its BolaWrap tether from a drone. The test took place at Mithril Defense’s headquarters in Austin, Texas, and achieved a consistent deployment success rate.
The MERLIN‑Interdictor is a drone‑first responder payload that uses the BolaWrap tether to non‑lethally entangle an armed subject from an aerial platform. The system can engage a simulated active‑shooter threat within seconds, providing a new capability for schools, public events, and law‑enforcement operations. The system has a 92% field success rate and has not caused any deaths or serious injuries in deployments.
Wrap plans to open pre‑orders for the MERLIN‑Interdictor on November 17, 2025, and will offer training, policy guidance, and integration services to agencies. The company’s existing manufacturing base in Virginia supports rapid production, and the product launch positions Wrap to pursue federal contracts and international opportunities.
The demonstration validates aerial deployment of BolaWrap technology and opens new revenue streams in the UAS and counter‑UAS markets. Wrap is pursuing federal contracts with the DoD, DHS, and FBI, and has formed Wrap Federal to advance these efforts. The product launch supports Wrap’s broader strategy of building an integrated non‑lethal ecosystem across law enforcement, drones, and private security. Mithril Defense, the host of the demonstration, is developing the Campus Guardian Angel platform, a drone‑based school safety system.
Financially, Wrap reported Q2 2025 revenue of $1.01 million, a net loss of $0.07 million, and an earnings per share of –$0.07. In Q2 2024, revenue was $1.57 million, net loss $0.385 million, and EPS –$0.02. Full‑year 2024 revenue was $4.5 million, down from $6.1 million in 2023. The company has reduced operating expenses by 26% versus Q1 2025 and is focusing on customer acquisition and a new go‑to‑market strategy amid a strategic reset and cost‑reduction initiative.
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