Wearable Devices Ltd. Stock Price, News & Analysis

Wearable Devices (Nasdaq: WLDS) has announced the launch of its Mudra Band for Apple Watch on Walmart.com, expanding access to its AI-powered touchless sensing wearable technology. This strategic move follows the product's successful introduction on Amazon and aligns with the company's goal of broadening its presence across major U.S. retail platforms.

The Mudra Band allows users to control Apple devices such as iPhone, iPad, Apple TV, and MacBook using simple hand gestures, without touching the screen. It utilizes neural signals translated into commands, offering a seamless and innovative user experience. Key features include hands-free control, Apple ecosystem compatibility, advanced neural interface, and enhanced accessibility for users seeking touchless control solutions.

This launch on Walmart.com significantly increases Wearable Devices' market reach, making its technology accessible to millions of Apple users in the United States and enhancing its brand recognition in the U.S. market.

Wearable Devices (Nasdaq: WLDS, WLDSW) has announced a 1-for-20 reverse stock split of its ordinary shares and tradable warrants, effective October 10, 2024. The split will reduce the number of outstanding ordinary shares from approximately 24,438,030 to 1,221,901 and warrants from 7,860,861 to 393,043. The company's shares and warrants will continue trading on Nasdaq under the same symbols with new CUSIP numbers.

The reverse split, approved by shareholders on September 26, 2024, will not alter shareholders' ownership percentages, except for minor adjustments due to fractional shares. Proportional adjustments will be made to outstanding options, warrants, restricted shares, and RSUs. The company's authorized share capital of 50,000,000 ordinary shares remains unchanged.

Wearable Devices (Nasdaq: WLDS, WLDSW) has filed a patent application in South Korea for its neural wrist technology. This application, titled 'Gesture and Voice-controlled interface device,' is part of the Patent Cooperation Treaty (PCT) national stage and aims to protect the company's global patent portfolio in Asian markets.

The patent covers revolutionary neural interface technology used as a wearable scale for measuring object weight and a wearable torque meter for measuring torque applied when fastening rotating objects. This move is part of Wearable Devices' strategy to broaden protection of its core IP globally, allowing adaptation to future market changes.

Guy Wagner, Chief Scientist Officer, emphasized the importance of expanding their patent reach to South Korea, noting it's important for securing access to an advanced technological market and fostering collaborations with global industry leaders. He highlighted that neural wrist interfaces have practical applications beyond gesture control, potentially impacting how we interact with technology and our surroundings.

Wearable Devices (Nasdaq: WLDS, WLDSW), a pioneer in AI-based gesture control technology, has welcomed Meta's entry into the neural interface sector announced at Meta Connect 2024. CEO Asher Dahan sees this as validation of the potential in neural control, a field Wearable Devices has been advancing for over a decade. The company's Mudra Band and Mudra Link devices enable hands-free digital navigation, redefining user interaction with technology.

Wearable Devices emphasizes its established position in the market, having won the 'Best of CES Innovation Award' in 2021 for the Mudra Band. While Meta presented a 'Purposeful Product Prototype' for smart glasses, Wearable Devices offers a versatile solution for controlling computers, applications, and smart glasses. The company views Meta's entry as fostering innovation and looks forward to continuing to push boundaries in the neural wearables space.

Wearable Devices announced its financial results for the six months ended June 30, 2024. The company reported revenue of $394 thousand, up from $12 thousand in the same period in 2023, primarily due to sales of its Mudra Band for Apple Watch and B2B collaborations. Despite this, the net loss increased to $4.2 million, or $(0.21) per share, from $3.9 million, or $(0.26) per share, due to higher operating expenses.

Key highlights include:

• Introduction of new features for Mudra Band, including touchless gesture control and ChatGPT integration.
• Preorders for Mudra Link, an AI neural interface wristband for Android, with a launch expected in Q1 2025.
• Expanded device support, including Apple Vision Pro.
• Collaboration with Qualcomm and integration with Snapdragon Spaces XR.
• Reseller agreements in South Korea and China, and strengthened presence in the defense sector.

Wearable Devices (Nasdaq: WLDS) has unveiled an upgrade to its Mudra Band for Apple Watch, introducing gesture control functionality. This enhancement allows for touchless, same-hand operation of the Apple Watch, enabling users to perform tasks like answering calls, checking notifications, and controlling music without touching the screen. The update aims to provide increased convenience and accessibility, especially when users' hands are occupied or during multitasking.

CEO Asher Dahan emphasized the company's mission to push the boundaries of wearable technology. The Mudra Band's new features are designed to simplify interaction, reduce physical effort, and empower on-the-go watch operation. The upgrade will be available in an upcoming Mudra Band app update, with orders now being accepted on the company's website.

Wearable Devices (Nasdaq: WLDS, WLDSW) has launched the Mudra Link, a revolutionary wristband that enables touchless control of digital devices through hand gestures. This AI-powered wearable is now compatible with iOS, Android, Windows, and macOS, expanding its reach beyond Apple devices. The Mudra Link offers:

1. Intuitive gesture control using neural interface technology
2. Cross-platform compatibility for gaming, smart home automation, and professional tasks
3. Comfortable, lightweight design for all-day wear
4. Customizable gestures for personalized app control

Pre-orders are now available at https://mudra-band.com/pages/mudra-link-main with exclusive discounts for early access.

Wearable Devices (Nasdaq: WLDS) has announced that its Mudra Link gesture control device is now available for pre-order. This revolutionary neural interface wristband expands beyond Apple to support Android, Windows, and macOS, significantly increasing the company's total available market. The Mudra Link uses advanced neural interface technology to interpret wrist gestures for controlling digital devices.

Key features include:

• Advanced neural signal decoding
• Versatile compatibility across platforms
• Ergonomic design for all-day wear
• Customizable gesture commands

Wearable Devices (Nasdaq: WLDS, WLDSW), an AI-powered touchless sensing wearables company, has announced its participation in the OpenXR Live meetup on September 12, 2024, in Seattle. Guy Wagner, the company's President and Chief Scientific Officer, will showcase the Mudra Band at the event organized by the Khronos® Group.

As a new member with voting privileges in the OpenXR™ Working Group, Wearable Devices joins tech giants like Meta, Google, and Microsoft in advancing AR/VR industry standards. OpenXR aims to simplify AR/VR software development by creating a unified standard for various hardware platforms, enabling developers to build XR applications without porting or rewriting for different devices.