WLDSNasdaqComputer Communications EquipmentUS GAAP · USD

Wearable Devices Ltd.

Wearable Devices Ltd. develops neural input and human-machine interface solutions for smart wearables. Its products and technology are built around touchless gesture control for consumer devices and enterprise integration, and the company is headquartered in Israel with shares listed on Nasdaq in the United States.

Liikevaihto0,6milj. USD
+23,9 %v/v
Liikevoitto (EBIT)−8,3milj. USD
−6,5 %v/v
EBIT-marginaali−1 287,8%
+210,3 %-yks.v/v
Nettotulos−8,1milj. USD
−2,9 %v/v
Vapaa kassavirta−6,6milj. USD
+13,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−10−8−6−4−202milj. USD2020: 0,06 milj. USD2020: EBIT −1,2 milj. USD20202021: 0,14 milj. USD2021: EBIT −2,7 milj. USD20212022: 0,05 milj. USD2022: EBIT −6,5 milj. USD20222023: 0,08 milj. USD2023: EBIT −8,2 milj. USD20232024: 0,52 milj. USD2024: EBIT −7,8 milj. USD20242025: 0,65 milj. USD2025: EBIT −8,3 milj. USD20250,65−8,3
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Consumer wearables55 %

Mudra Band and Mudra Link devices sold directly to end users for touchless control.

Enterprise development kits25 %

Hardware and API-based kits used by business customers to test integration.

Licensing and collaborations20 %

Technology access and partnership arrangements with enterprise and platform partners.

Asiakkaat

The company sells directly to consumers who want gesture-based control for wearables, mobile devices, gaming, productivity, and XR use cases. It also sells to businesses that need development kits, integration support, or licensed access to its neural input technology. These customer groups buy the products to evaluate or deploy touchless input in their own devices and software environments.

Direct-to-consumer wearables buyers

Individuals purchasing Mudra Band and Mudra Link for personal device control and XR use.

Enterprise evaluation customers

Businesses buying development kits to test hardware, API access, and integration feasibility.

Technology licensing partners

Device, software, or platform partners that access the company’s input technology through collaborations.

Strategia

The company’s strategy is centered on building a category around neural input and touchless gesture control for wearables and immersive computing. It combines consumer devices with enterprise kits and collaborations so the technology can be adopted across both end-user and partner channels. That dual model is intended to broaden use cases, improve product-market fit, and create a path from consumer awareness to business integration.

Scale consumer product adoptionLyhyt aikaväli

Consumer traction helps establish the product category and creates proof of demand.

Win enterprise integrationsKeskipitkä aikaväli

Business customers can embed the technology into larger device and software ecosystems.

Broaden XR and smart-environment use casesKeskipitkä aikaväli

These markets can expand addressable demand for touchless input solutions.

Maantiede

2025

Wearable Devices is incorporated in Israel and operates as a foreign private issuer with securities traded on Nasdaq in the United States. The business serves global consumer and enterprise markets through online sales and partnerships, so its exposure is tied more to product adoption and partner channels than to a single domestic market. Manufacturing, sales, and customer access are therefore shaped by cross-border operating and commercialization needs.

Americas60 %
EMEA22 %
Asia18 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Wearable Devices faces the risks typical of an early-stage hardware and technology company, including uncertain product adoption, dependence on successful commercialization, and execution risk in partner integrations. Because the business combines consumer devices with enterprise development kits, revenue visibility can be uneven and tied to customer testing cycles, product launches, and channel execution. It also carries technology, competition, and cross-border operating risks as it tries to establish neural input as a durable category.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Unproven market adoption1Enterprise integration delays2Technology and platform competition3Cross-border operating complexity4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Unproven market adoptionVaikutus: KorkeaTodennäköisyys: Korkea

    The company is building demand for a new neural input category, which may take time to scale.

    KohdistuuMudra BandMudra LinkRelated wearables
  2. Enterprise integration delaysVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Business customers may take longer to evaluate and integrate development kits and APIs.

    Kohdistuu: B2B development kits and collaborations

  3. Technology and platform competitionVaikutus: KeskitasoTodennäköisyys: Korkea

    Larger device makers and platform owners can develop alternative input methods or competing ecosystems.

    Kohdistuu: Consumer wearables and XR interfaces

  4. Cross-border operating complexityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Israeli incorporation, Nasdaq access, and global commercialization add legal and operational complexity.

    Kohdistuu: International operations and capital markets

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Consumer products and B2B kits include different performance obligations and timing rules.

Vaikutus: Can shift revenue between periods depending on delivery and service access timing

Bundled hardware and API access

The development kit includes tangible hardware and a limited API term that must be allocated properly.

Vaikutus: Affects revenue split between product and service components

Inventory accounting

Hardware sales require valuation of inventories and potential write-downs.

Vaikutus: Can materially affect cost of sales and gross profit

Lease and right-of-use assets

The balance sheet includes right-of-use assets from leased facilities or equipment.

Vaikutus: Influences depreciation, lease expense, and liabilities

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026