Wearable Devices .(US:WLDS) Globenewswireยท2025-09-09 20:05Core Insights - Wearable Devices Ltd. has commenced commercial sales of its Mudra Link wristband, marking a significant milestone in its product offerings and revenue generation [1][2] Financial Performance - For the six months ended June 30, 2025, the company reported revenues of $294,000, a decrease from approximately $394,000 in the same period of 2024 [5][11] - The net loss for the first half of 2025 decreased to $3.7 million, or $(2.3) per share, compared to a net loss of $4.2 million, or $(16.52) per share, in the first half of 2024 [5][11] Product Development and Market Position - The Mudra Link wristband is a universal gesture control device that has generated strong customer interest and is now being delivered to consumers [2][5] - The company is leveraging its patented AI-based neural input interface technology to position itself as a leader in the wearable tech market, which is experiencing increasing demand for touchless interfaces [2][3] Strategic Initiatives - Wearable Devices has executed a forward-focused patent strategy in 2025 to protect its core neural interface capabilities, enhancing gesture recognition and eliminating the need for buttons [4] - The company has entered into a collaboration with Media Exceed Co., Ltd. to penetrate the Japanese market, allowing for the resale of its products [4] - A new update for the Mudra Link has been released for Mac and Windows users, enhancing its functionality as a personalized neural wristband controller [4] Industry Context - The wearable tech sector is rapidly evolving, with applications in consumer gadgets, military interfaces, and health analytics, positioning Wearable Devices as a key player in this dynamic market [3][4]