Jul. 15 at 3:02 PM
$WRAP Adoption Required to Support
$470M Revenue
WRAP would need to sell devices + VR subscriptions to ~112,000 law enforcement agencies globally (or equivalent entities), assuming:
•
$3,000/year revenue per agency (device + VR sub)
• 50% international adoption (at 80% revenue due to copycats)
That’s over 6× the total number of U.S. agencies (~18,000)—so they’d need:
• Full saturation in the U.S. market, plus
• Massive international adoption—possibly through military, private security, or large urban governments (e.g., Brazil, India, South Africa)
Realistic Path to
$30
To hit a
$30/share valuation, WRAP would likely need:
1. Full U.S. agency adoption
2. Aggressive international expansion into 60k+ security forces or municipalities
3. Recurring subscription growth (e.g., VR bundles with updates, cloud analytics)
4. A second high-margin product or new federal mandate (e.g., DOJ certification, DOJ funding)
5. Defensive IP enforcement to stop erosion from Chinese copycats
