Wearable Devices Ltd. (WLDS) Income Statement Analysis

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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)

Industry: Consumer Electronics

Sector: Technology

Website: https://wearabledevices.co.il

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' Mudra Band Enables Full Touchless Control of Apple Product Ecosystem

September 12, 2023globenewswire.com

Using the Mudra Band Air-Touch feature in tandem with the Apple Watch AssistiveTouch touchless gesture control feature allows for full touchless control across the Apple product ecosystem

Apple Watch Users Received The First Wearable Devices Mudra Bands

September 5, 2023globenewswire.com

The Company delivered its award winning Mudra Band product to first customers, allowing them to control their Apple ecosystem devices using touchless hand and finger gestures

Wearable Devices' Mudra Neural Gestures Control Demonstrated With OPPO MR Glass Developer Edition

August 30, 2023globenewswire.com

Wearable Devices' compatibility and seamless experience of the Mudra technology with OPPO MR Glass Developer Edition will be available at the Augmented World Expo Asia on August 30-31, 2023 in Singapore

Wearable Devices Announces First Half 2023 Results

August 25, 2023globenewswire.com

YOKNE'AM ILLIT, Israel, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in AI-powered touchless sensing wearables, today announced its financial results for the six months ended...

Wearable Devices Engaging Leading OEMs for Potential Licensing of Mudra Gesture Technology

August 24, 2023globenewswire.com

YOKNEAM ILLIT, ISRAEL, Aug. 24, 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 is engaging with several leading original...

Wearable Devices Achieves Major Milestone; Completes First Manufacturing Batch of the Mudra Band for Apple Watch

August 15, 2023globenewswire.com

- Expects to begin delivery in upcoming weeks - YOKNEAM ILLIT, ISRAEL, Aug. 15, 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, is...

Wearable Devices to Present Its Mudra Wearable-AI Technology at tinyML Talks on August 15

August 10, 2023globenewswire.com

- The Webcast will Present how the Mudra Technology is Reinventing Tiny Interfaces for Ubiquitous Digital Interaction – YOKNEAM ILLIT, ISRAEL, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology...