Monitor for follow-on contract announcements from other agencies, as LVMPD's renewal may signal broader adoption. Given the lack of disclosed value, this is a credibility-building event rather than a material revenue driver in the near term.
Price Chart
Executive Summary
Wrap Technologies announced a five-year contract renewal with the Las Vegas Metropolitan Police Department Academy for continued use and support of its WrapReality™ virtual reality training platform. This renewal reflects a strategic commitment to immersive training for de-escalation and tactical decision-making, following a positive on-site evaluation in January 2026.
Key Facts
- Wrap Technologies renewed a five-year contract with the Las Vegas Metropolitan Police Department (LVMPD) Academy for the WrapReality™ VR training platform.
- The agreement includes hardware and software assurance services to maintain system performance and availability.
- LVMPD cited improved decision-making, de-escalation training, and scenario fidelity as key benefits of the platform.
- On-site training for LVMPD staff is planned for Q2 2026 to expand system utilization and integration into instructional design.
- No financial terms or dollar value of the contract were disclosed.
Financial Impact
undisclosed amount, likely modest given prior contract scale and company size
Risk Factors
- No disclosed financial terms limit visibility into revenue impact.
- Government sales cycles remain long and subject to budgetary constraints, posing execution risk for future deals.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3278890 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $1.15 | awaiting T+5 | — | $1.24 (+7.83%) |
Oct 22, 2026 4d ago | 3 | $1.22 | awaiting T+5 | — | $1.24 (+1.64%) |
Aug 28, 2026 8w ago | Press Release | $1.61 $1.67 | ▲ +3.73% | ▲ +3.62% | $1.24 (−22.98%) |
Aug 11, 2026 10w ago | Press Release | $1.73 $1.61 | ▼ −6.94% | ▼ −6.49% | $1.24 (−28.32%) |
Aug 4, 2026 11w ago | Press Release | $1.93 $1.73 | ▼ −10.36% | ▼ −10.71% | $1.24 (−35.75%) |
Jul 9, 2026 15w ago | Insider Cluster | $2.46 $2.19 | ▼ −10.98% | ▼ −10.42% | $1.24 (−49.59%) |
May 13, 2026 23w ago | 8-K | $1.65 $1.45 | ▼ −12.12% | ▼ −11.40% | $1.24 (−24.85%) |
May 13, 2026 23w ago | Press Release | $1.65 $1.45 | ▼ −12.12% | ▼ −11.40% | $1.24 (−24.85%) |
Apr 24, 2026 26w ago | Press Release | $1.60 $1.54 | ▼ −3.75% | ▼ −4.66% | $1.24 (−22.50%) |
Apr 22, 2026 26w ago | Press Release | $1.57 $1.58 | ▲ +0.32% | ▲ +0.26% | $1.24 (−21.02%) |
US Market Status
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