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Wearable Devices Ltd.
(NASDAQ:WLDS)
Wearable Devices Ltd. (WLDS) vs. SPDR S&P 500 ETF (SPY)
Wearable Devices Ltd. Business Overview & Revenue Model
Wearable Devices Ltd. Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 647.00K | 522.00K | 82.00K | 45.00K | 142.00K |
| Gross Profit | -31.00K | 85.00K | 20.00K | 19.67K | 126.50K |
| EBITDA | -8.25M | -7.71M | -8.12M | -6.43M | -2.60M |
| Net Income | -8.11M | -7.88M | -7.81M | -6.50M | -2.61M |
Balance Sheet | |||||
| Total Assets | 19.99M | 5.98M | 7.59M | 11.22M | 1.45M |
| Cash, Cash Equivalents and Short-Term Investments | 18.42M | 3.95M | 4.86M | 10.37M | 1.27M |
| Total Debt | 366.00K | 1.08M | 575.00K | 162.00K | 0.00 |
| Total Liabilities | 1.44M | 2.12M | 2.07M | 1.24M | 638.00K |
| Stockholders Equity | 18.55M | 3.86M | 5.53M | 9.98M | 807.00K |
Cash Flow | |||||
| Free Cash Flow | -6.62M | -7.66M | -8.63M | -5.76M | -2.14M |
| Operating Cash Flow | -6.60M | -7.61M | -8.43M | -5.71M | -2.10M |
| Investing Cash Flow | -10.93M | 3.20M | -4.25M | -66.00K | -36.00K |
| Financing Cash Flow | 20.94M | 6.70M | 3.12M | 14.88M | 2.94M |
Wearable Devices Ltd. Technical Analysis
Wearable Devices Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | $55.57M | -10.88 | -12.50% | ― | 2.35% | 18.83% | |
50 Neutral | $37.11M | -17.32 | -2.85% | ― | 11.58% | 81.08% | |
48 Neutral | $212.93M | ― | -17.94% | ― | 13.27% | -66.48% | |
47 Neutral | $168.81M | -8.51 | -92.69% | ― | -4.31% | 59.68% | |
46 Neutral | $117.01M | -2.39 | -102.47% | ― | -27.37% | 70.46% | |
43 Neutral | $4.77M | -0.06 | -268.12% | ― | -9.05% | 77.41% |
Wearable Devices Ltd. Corporate Events
On March 12, 2026, Wearable Devices reported its full-year 2025 results, highlighting 23.9% revenue growth to $647,000 and a 28.5% rise in combined Mudra Link and Mudra Band sales, signaling early but strengthening market adoption of its neural interface wearables. The company raised approximately $24.4 million in 2025, boosting cash and deposits to $18.4 million despite an $8.1 million net loss, while increasing R&D spending, trimming sales and marketing costs, and executing multiple reverse share splits.
Management emphasized the successful shift from pre-orders to global commercial shipping of Mudra Link, which now supports major operating systems and underpins a broader B2C-led ecosystem. Strategic moves during 2025 included entering the South Korean market via an exclusive distribution deal, showcasing Mudra Link at XR Fair Tokyo, expanding AI-driven personalization features and customization tools, and positioning its technology for defense applications and smart glasses integration.
The launch of the Mudra Experience Studio and the ai6 Labs innovation ecosystem is intended to make the company’s neural interface a standard input layer for XR and AI developers, bridging to higher-scale B2B opportunities. Reinforced by 12 granted patents and several additional applications in key markets, Wearable Devices is seeking to consolidate its intellectual property advantage and strengthen its role at the intersection of AI, wearables, and next-generation computing interfaces.
The most recent analyst rating on (WLDS) stock is a Hold with a $0.89 price target. To see the full list of analyst forecasts on Wearable Devices Ltd. stock, see the WLDS Stock Forecast page.
On March 6, 2026, Wearable Devices Ltd. said it will implement a 1-for-3 reverse share split of its ordinary shares and publicly traded warrants, with trading on a split-adjusted basis to begin on Nasdaq on March 11, 2026. The move, approved by shareholders at a special meeting on February 19, 2026, will consolidate every three ordinary shares and warrants into one, with proportional adjustments to warrant exercise prices, equity awards, and shares reserved under incentive plans.
Following the reverse split, the company’s issued and outstanding ordinary shares will shrink from about 10.6 million to roughly 3.5 million, and its publicly held warrants from about 98,600 to about 32,900, with fractional positions rounded to the nearest whole unit. Management framed the action as a strategic step to lift the share price and regain compliance with Nasdaq’s $1.00 minimum bid requirement, aiming to avoid heightened delisting risk under recently tightened listing rules and to safeguard the firm’s continued U.S. trading venue.
Operationally, the reverse split affects all shareholders uniformly and does not change individual ownership percentages, aside from minor rounding effects on fractional shares. The company’s authorized capital remains at 500 million ordinary shares, and its securities will retain the WLDS and WLDSW tickers, though they will carry new CUSIP identifiers after the split takes effect.
The most recent analyst rating on (WLDS) stock is a Hold with a $0.89 price target. To see the full list of analyst forecasts on Wearable Devices Ltd. stock, see the WLDS Stock Forecast page.
On February 19, 2026, Wearable Devices Ltd.’s board of directors approved an increase in the pool of ordinary shares reserved for issuance under its 2024 Global Equity Incentive Plan, adding 1,431,713 shares and lifting the total from 2,473,856 to 3,905,569. The larger option and equity award pool underscores the company’s intention to use stock-based compensation more extensively, which may support talent retention and growth initiatives but could also imply future equity dilution for existing shareholders.
The change was formally reported to the U.S. Securities and Exchange Commission in a Form 6-K filed in March 2026, which is being incorporated by reference into several of the company’s existing shelf and employee benefit registration statements. This procedural step helps ensure that Wearable Devices can efficiently issue equity under its incentive plan as part of its ongoing capital markets and compensation strategy.
The most recent analyst rating on (WLDS) stock is a Hold with a $0.89 price target. To see the full list of analyst forecasts on Wearable Devices Ltd. stock, see the WLDS Stock Forecast page.
On February 19, 2026, Wearable Devices Ltd. held an adjourned Special General Meeting of Shareholders in Israel, where a quorum was eventually reached and investors approved all seven proposals on the agenda by the required majorities. The resolutions included amendments to the compensation framework for executives and directors, signaling continued shareholder support for the board’s governance and pay structures.
At the meeting, shareholders adopted an amended and restated compensation policy that raises the chief executive’s maximum base salary, increases annual bonus caps, adjusts variable-to-fixed pay ratios by role, and expands equity-based compensation limits for officers and directors. The revamped policy is designed to align leadership incentives with the company’s long-term goals and competitiveness in recruiting and retaining skilled managers in its global technology niche.
The most recent analyst rating on (WLDS) stock is a Hold with a $0.89 price target. To see the full list of analyst forecasts on Wearable Devices Ltd. stock, see the WLDS Stock Forecast page.
On Feb. 17, 2026, Wearable Devices announced the upcoming Mudra Experience Studio, a universal single-codebase neural input platform designed for XR, mobile and AI developers and tightly connected to its ai6 Labs initiative. The platform offers production-ready SDKs, standardized gesture taxonomy and OEM integration tiers, aiming to eliminate gesture fragmentation and allow developers to build once and deploy neural gestures across Apple, Meta, Android XR and desktop ecosystems.
By pairing Mudra’s proprietary neural input with generative AI coding agents, the studio is intended to accelerate AI-driven spatial computing applications and advance the company’s shift from pure hardware innovator to full-stack platform provider. To support a robust 2026 rollout, Wearable Devices opened a priority waitlist that has already attracted strong developer interest, and it appointed Ron Kaldes as Head of Growth, AI & Innovation to help translate the new platform and broader ai6 Labs technologies into market-ready products and business results.
The most recent analyst rating on (WLDS) stock is a Hold with a $0.89 price target. To see the full list of analyst forecasts on Wearable Devices Ltd. stock, see the WLDS Stock Forecast page.
On February 11, 2026, Wearable Devices Ltd. announced the launch of ai6 Labs, a new synergistic neural AI ecosystem designed to connect human intent seamlessly with digital reality using its non-invasive Electromyography technology and Mudra innovation. The initiative aims to integrate deep foundational research, commercialization and rapid AI experimentation in a closed-loop framework that accelerates development of touchless, intent-driven human-machine interfaces.
ai6 Labs is structured around three interconnected pillars: a foundation layer decoding human intent via a “Brain-AI Bus,” a revenue and ecosystem growth track that converts internal research into marketable products, and an AI accelerator that continually tests new concepts across areas like agentic workflows and edge AI. The company believes this virtuous cycle will strengthen its technological moat, speed the transformation of biological signals into digital commands, and enhance its competitive positioning as AI wearables, XR gesture control and non-invasive brain-computer interfaces gain traction.
The most recent analyst rating on (WLDS) stock is a Hold with a $0.89 price target. To see the full list of analyst forecasts on Wearable Devices Ltd. stock, see the WLDS Stock Forecast page.
On February 2, 2026, Wearable Devices Ltd. announced that its board appointed Kobbi Nir as an independent Class II director, with his re-appointment to be brought before shareholders at the 2027 annual general meeting, and named him to both the audit and compensation committees. Nir, a seasoned executive with extensive experience as CFO and COO in technology and AI-driven companies and as a board member in both corporate and non-profit organizations, replaces director Yaacov Goldman, who resigned effective January 31, 2026, for reasons unrelated to any disagreement with the company, thereby signaling a planned and orderly refresh of the board while maintaining compliance with Nasdaq independence requirements and standard governance practices.
The most recent analyst rating on (WLDS) stock is a Hold with a $0.89 price target. To see the full list of analyst forecasts on Wearable Devices Ltd. stock, see the WLDS Stock Forecast page.
On January 15, 2026, Wearable Devices Ltd. filed a Form 6-K announcing that it will hold a special general meeting of shareholders on February 19, 2026, in Israel, with a January 22, 2026 record date for voting eligibility. Shareholders will be asked to approve two private placements of warrants to purchase ordinary shares and amendments to existing warrants, several equity-based compensation grants and a revised compensation policy for executives and directors, and authority for the board to implement one or more reverse share splits at a ratio of up to 3-for-1. The package of proposals, unanimously backed by the board, is designed to provide additional financing flexibility through warrant issuances, adjust executive and director incentives, and give the company tools such as a reverse split that could support compliance with Nasdaq listing requirements and potentially improve the tradability of its stock, with the voting outcome to be disclosed after the meeting in a subsequent regulatory filing.
The most recent analyst rating on (WLDS) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Wearable Devices Ltd. stock, see the WLDS Stock Forecast page.