- A recent article by White Diamond research on WRTC buried the lede: In the LAPD 6 Month Test Period of 9 deployments BolaWrap worked as intended only once.
- While the BolaWrap may be helpful for warrant and fugitive squads, and unarmed peace officers and security guards, it's unlikely it will be deployed as standard equipment among all police.
- That would significantly reduce the TAM we anticipated.
- But the counter to that is that police departments may deploy it inoculate themselves from civil suits charging that "they did not do everything possible" before resorting to deadly force.
- Low basis shareholders should hold tight and await the LAPD final text. Higher basis shareholders might want to recognize the loss for 2020 and reassess when LAPD tests completed.
For further details see:
We Misread Wrap Technologies' BolaWrap: The TAM Is Small - No More Than A $5 Or $6 Stock