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Complete financial analysis of Wearable Devices Ltd. (WLDS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Wearable Devices Ltd., a leading company in the Consumer Electronics industry within the Technology sector.
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Wearable Devices Ltd. (WLDS)
About Wearable Devices Ltd.
Wearable Devices Ltd. engages in developing a non-invasive neural input interface for controlling digital devices using subtle finger movements. The company offers Mudra Inspire development kits that enables users to control digital devices through finger movements and hand gestures. These digital devices include consumer electronics, smart watches, smartphones, augmented reality glasses, virtual reality headsets, televisions, personal computers and laptop computers, drones, robots, etc. It serves consumer electronics companies, industrial companies, information technology and software solutions providers, software development studios, and academia and research universities, as well as consumers from B2C market. The company was incorporated in 2014 and is based in Yokneam Illit, Israel.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 82.00K | 45.00K | 142.00K | 57.00K | 242.00K |
| Cost of Revenue | 62.00K | 25.33K | 15.50K | 9.00K | 21.00K |
| Gross Profit | 20.00K | 19.67K | 126.50K | 48.00K | 221.00K |
| Gross Profit Ratio | 24.39% | 43.70% | 89.08% | 84.21% | 91.32% |
| Research & Development | 3.32M | 2.26M | 1.41M | 743.00K | 787.00K |
| General & Administrative | 2.88M | 1.95M | 628.00K | 174.00K | 218.00K |
| Selling & Marketing | 2.01M | 1.37M | 665.00K | 287.00K | 165.00K |
| SG&A | 4.89M | 3.31M | 1.29M | 461.00K | 383.00K |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 8.21M | 5.57M | 2.70M | 1.20M | 1.17M |
| Cost & Expenses | 8.27M | 5.60M | 2.71M | 1.21M | 1.19M |
| Interest Income | 372.00K | 38.00K | 55.00K | 102.00K | 28.00K |
| Interest Expense | 0.00 | 38.00K | 0.00 | 102.00K | 28.00K |
| Depreciation & Amortization | 68.00K | 23.00K | 11.00K | 7.00K | 7.00K |
| EBITDA | -8.12M | -6.43M | -2.60M | -1.15M | -942.00K |
| EBITDA Ratio | -9,900.00% | -12,291.11% | -1,803.52% | -2,015.79% | -389.26% |
| Operating Income | -8.19M | -5.55M | -2.57M | -1.16M | -949.00K |
| Operating Income Ratio | -9,982.93% | -12,342.22% | -1,811.27% | -2,028.07% | -392.15% |
| Total Other Income/Expenses | 372.00K | -38.00K | 55.00K | -102.00K | -28.00K |
| Income Before Tax | -7.81M | -6.50M | -2.61M | -1.26M | -977.00K |
| Income Before Tax Ratio | -9,529.27% | -14,435.56% | -1,840.85% | -2,207.02% | -403.72% |
| Income Tax Expense | 0.00 | -205.49K | -225.56K | -199.30K | 28.00K |
| Net Income | -7.81M | -6.50M | -2.61M | -1.26M | -1.01M |
| Net Income Ratio | -9,529.27% | -14,435.56% | -1,840.85% | -2,207.02% | -415.29% |
| EPS | -0.48 | -0.43 | -0.23 | -0.11 | -0.09 |
| EPS Diluted | -0.48 | -0.43 | -0.23 | -0.11 | -0.09 |
| Weighted Avg Shares Out | 16.20M | 15.05M | 11.14M | 11.14M | 11.14M |
| Weighted Avg Shares Out (Dil) | 16.20M | 15.05M | 11.14M | 11.14M | 11.14M |
Wearable Devices Ltd. Announces Closing of $1.85 Million Registered Direct Offering and Concurrent Private Placement
Yokneam Illit, Israel, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, today announced that it has closed its registered direct...
Wearable Devices Redefines the Neural Wristband Category with SNC Technology for XR Interaction
Yokneam Illit, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, introduces the groundbreaking Neural Wristband category with its Mudra...
Wearable Devices and TCL's RayNeo Join Forces to Bring the Future of Neural Controller Wristband to AR Glasses Market Significantly Ahead of Meta
YOKNEAM ILLIT, ISRAEL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, announces an innovative collaboration with TCL-RayNeo™ (“RayNeo”), a...
Wearable Devices Regains Compliance with Nasdaq Minimum Bid Price Rule
YOKNEAM ILLIT, ISRAEL, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced that it has received a written...
Wearable Devices Unveils Foundational White Paper on the Future of Gesture Control and Neural Interfaces
Yokneam Ilit, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, announced the release of a landmark white paper titled,...
Wearable Devices and RayNeo Collaborate to Lead the Industry of Neural Control for AR Glasses
YOKNEAM ILLIT, ISRAEL, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announces the collaboration with RayNeo™ (“RayNeo”), a...
Wearable Devices Announces the Launch of Mudra Band for Apple Watch on Walmart.com, Expanding Access to Its Innovative Gesture-Controlled Wearable Technology
YOKNEAM ILLIT, ISRAEL, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced the official launch of its Mudra...
Wearable Devices Expands its International IP Portfolio with Filed Patent Application for Neural Wrist Technology in South Korea
The new patent application, filed as part of the Patent Cooperation Treaty (PCT) national stage, aims to protect the Company's global patent portfolio in the Asian markets
Wearable Devices Boldly Welcomes Meta's Neural Control Entry to the AR/VR/XR Market
Yokneam Ilit, Israel, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in AI-based gesture control technology, today applauded Meta's entrance into the gesture control space with its announcement...
Wearable Devices Announces First Half 2024 Financial Results
Company announces revenue growth from commercial sales of its Mudra Band for Apple Watch and B2B collaborations Company announces revenue growth from commercial sales of its Mudra Band for Apple Watch and B2B collaborations
Source: https://incomestatements.info
Category: Stock Reports