Wearable Devices .(US:WLDS) Globenewswire·2026-03-12 13:00Core Insights - Wearable Devices Ltd. reported a revenue growth of 23.9% for the year ended December 31, 2025, driven by a 28.5% increase in sales of its Mudra Link and Mudra Band products, indicating a growing adoption of its gesture-control technology [1][6]. Financial Performance - The company achieved revenues of $647 thousand in 2025, up from $522 thousand in 2024, marking a significant transition towards a commercially driven business [6]. - Cash and deposits increased to $18.4 million at year-end 2025, compared to $4.0 million at the end of 2024, primarily due to approximately $24.4 million raised in gross proceeds from equity offerings [6][2]. - The net loss for 2025 was $(8.1 million), or $(6.53) per diluted share, compared to a net loss of $(7.9 million), or $(72.6) per diluted share in 2024 [9][15]. Business Highlights - The company successfully transitioned from a pre-order phase to a fully operational commercial model for the Mudra Link, establishing a solid baseline for its B2C products [4]. - Wearable Devices introduced the Mudra Experience Studio, aimed at providing AI-assisted development tools for XR and AI developers, enhancing accessibility for B2B opportunities [5]. - The company secured an exclusive distribution agreement in South Korea, marking a strategic entry into a key market for wearable innovation [9]. Product and Technology Innovations - The company developed advanced methods for gesture personalization using Large MUAP Models, allowing the Mudra Band to adapt to individual user signals [9]. - A significant update to the Gesture Mapper was launched, enabling users to assign personalized commands to specific gestures, enhancing the functionality of the Mudra Link [9]. Intellectual Property - Wearable Devices holds a robust intellectual property portfolio, including 12 patents, with recent grants for innovations in gesture recognition and multimodal interaction [5][9].