Wearable Devices Ltd. ( (WLDS) ) just unveiled an update.
Wearable Devices Ltd. announced its financial results for 2024, highlighting significant growth in revenue from $82 thousand in 2023 to $522 thousand in 2024, driven by the sales of its Mudra Band. The company also emphasized strategic collaborations and product innovations, such as the launch of the Mudra Link and partnerships with Qualcomm and RayNeo, positioning itself for future growth in the expanding market for AI-based wearable technology. Despite an increased net loss of $7.9 million, the company remains optimistic about its strategic positioning and continued investment in innovation and market expansion.
More about Wearable Devices Ltd.
Wearable Devices Ltd. is a growth company specializing in the development of AI-based neural input interface technology for both business-to-consumer (B2C) and business-to-business (B2B) markets. The company focuses on creating touchless sensing wearables, with products like the Mudra Band for Apple Watch and the Mudra Link, a universal gesture control wristband.
YTD Price Performance: -72.25%
Average Trading Volume: 96,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.38M
For detailed information about WLDS stock, go to TipRanks’ Stock Analysis page.