See more : Inpex Corporation (1605.T) Income Statement Analysis – Financial Results
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 Completes First Phase of Deployment Testing for a Leading Extended Reality Glasses OEM
First step in criteria for potential deployment of the Mudra technology in OEM's XR smart glasses YOKNEAM ILLIT, ISRAEL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company...
Wearable Devices Expands its Marketing and Sales Efforts with New Website Platform for the Mudra Band
- The Mudra Band is a revolutionary wearable device that empowers users to interact with technology effortlessly through hand gestures –
Wearable Devices Introduces AI-Based Gesture Recognition Algorithm that is Optimized for User-Inclusive Accuracy for Apple Devices
Mudra Band's Gesture Algorithm Focusing on Finger Movement Exceled in 1,000-User Test, Ready for Widespread Mobile OS Deployment YOKNEAM ILLIT, ISRAEL, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a pioneering...
Aegis Capital Corp. Acted as Sole Bookrunner on a $2 Million Underwritten Public Offering for Wearable Devices Ltd. (NASDAQ:WLDS)
NEW YORK, NY / ACCESSWIRE / November 13, 2023 / Aegis Capital Corp. acted as Sole Bookrunner on a $2 Million Underwritten Public Offering for Wearable Devices Ltd. (NASDAQ:WLDS).
Wearable Devices Announces Closing of $2.0 Million Underwritten Public Offering
YOKNEAM ILLIT, ISRAEL, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, today announced the closing of a firm commitment underwritten public...
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Wearable Devices Announces Pricing of $2.0 Million Underwritten Public Offering
YOKNEAM ILLIT, ISRAEL, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, today announced the pricing of a firm commitment underwritten public...
Wearable Devices Announces Proposed Underwritten Public Offering
YOKNEAM ILLIT, ISRAEL, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, today announced that it intends to offer its securities in...
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Wearable Devices Upgrades Apple TV Experience Through Gesture Control
- The Mudra Band now offers users touchless navigation and operation of their Apple TV using gestures such as swiping fingers that resemble D-pad device functionality -
Source: https://incomestatements.info
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