Company Overview - Wearable Devices Ltd. is a technology growth company specializing in AI-powered touchless sensing wearable devices [6] - The company offers products for both consumer and business markets, including the Mudra Link and Mudra Band for B2C consumers, and the Mudra Development Kit for B2B enterprises [4][6] - The flagship product, Mudra Link, is a neural input wristband that enables hands-free, gesture-based control of digital devices using neural signals [3][6] Product Highlights - Mudra Link began shipping earlier this year and is compatible with multiple platforms including Android, iOS, Windows, and macOS, as well as leading AR glasses [3] - The product has received a CES 2025 Innovation Award and has been praised for its intuitive interface and low-latency performance [3] - The Mudra Band integrates stylish design with advanced AI to empower consumers, while the enterprise solutions provide tools for immersive experiences [6] Industry Context - XR Fair Tokyo is a leading B2B exhibition focused on virtual reality, augmented reality, mixed reality, and the broader metaverse ecosystem [2] - The event serves as a platform for companies to showcase innovations across various industries, including entertainment, manufacturing, and education [2] - The growing adoption of gesture-based controls in smart glasses and face-worn devices is highlighted as a trend in the industry [5] Upcoming Events - Wearable Devices will exhibit at the Fifth XR Fair Tokyo from July 2 to July 4, 2025, at the Tokyo Big Sight convention center [1] - The company aims to showcase how Mudra enables seamless, hands-free interaction across AR use cases during this event [5]

Core Insights - Vuzix Corporation is recognized as a finalist for the "Best Headworn Device" category at the AWE Auggie Awards and has won the Most Innovative XR Product award from XR Today [1][3][4] - The company will showcase its smart glasses, including the Ultralite Pro, at the Augmented World Expo USA 2025, which is the largest conference for AR, VR, and wearable technology [2][3] - Vuzix is a leading designer and manufacturer of AI-powered smart glasses and AR technologies, holding over 425 patents and numerous IP licenses [6] Company Participation and Recognition - Vuzix will participate in the Augmented World Expo USA 2025 from June 10 to June 12, 2025, at the Santa Clara Convention Center [1][2] - The Ultralite Pro Smart Glasses are highlighted as a lightweight 3-D binocular display platform for both enterprise and consumer applications [2] - The XR Awards 2025 celebrates excellence in XR technologies across various sectors, including healthcare and logistics [3] Leadership and Innovation - Paul Travers, President and CEO of Vuzix, emphasized the company's commitment to innovation and its role in enhancing user experiences and operational efficiency [4] - Vuzix continues to solidify its position as a key player in the AR industry through its innovative products and solutions [4][6]

Alphabet Inc. NASDAQ: GOOGL has had a bumpy ride in 2025. While peers continue to ride the AI wave and outperform the market, Alphabet has struggled to keep up. Shares are down close to 11% year-to-date, underperforming the broader market and the technology sector. Alphabet TodayGOOGLAlphabet$172.70 +4.14 (+2.45%) 52-Week Range$140.53▼$207.05Dividend Yield0.49%P/E Ratio21.41Price Target$199.75Add to WatchlistConcerns over competitive pressure in search, regulatory overhang, and questions about how quickly ...

Samsung's Project Moohan, a type of headset that looks to rival Apple's $3,500 Vision Pro, was the first device announced that runs Android XR. Samsung plans to launch the hardware this year .Android XR, Google's operating system for these products, was launched last year and is infused with its AI assistant Gemini.Xreal, a Chinese company backed by Alibaba , calls its glasses Project Aura and describes them as a lightweight extended reality — or XR — product. XR is a broad term encompassing technologies th ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $7,200,000, a 3% decrease from $7,300,000 in the prior year due to delayed deliveries [25][26] - Gross profit improved to $5,200,000, representing 73% of total revenue compared to 64% in the prior year, reflecting a 25% decrease in cost of sales [26] - Operating income increased 110% to $1,400,000 compared to $650,000 in the prior year [27] - Net income for the quarter was $1,300,000 or $0.11 per diluted share, a 170% increase from $470,000 or $0.04 per diluted share in Q1 2024 [27] - Adjusted EBITDA increased 22% to $1,700,000 compared to $1,400,000 in the prior year [27] - Cash and cash equivalents totaled $17,600,000 as of March 31, down from $18,000,000 at year-end [27] Business Line Data and Key Metrics Changes - Government revenue for Q1 was $5,200,000, down from $6,700,000 in the prior year, while international revenue increased to $1,900,000 from $550,000 [25][26] - Bookings for the quarter totaled $6,400,000, more than double the $2,900,000 reported in Q1 2024 [28] - Backlog as of March 31, 2025, stood at $21,200,000, segmented into $9,900,000 in capital, $5,800,000 in service, and $5,500,000 in STEP contracts [29] Market Data and Key Metrics Changes - The company noted that sales cycles are taking longer due to funding being held back during internal reviews and leadership transitions [6] - Interest in flexible purchasing pathways, including subscription-based models, is increasing among agencies [7] Company Strategy and Development Direction - The company is focusing on operational execution and adapting to economic uncertainties while reinforcing its role as a trusted training partner [5] - Strategic actions include early coordination with agencies during budgeting processes and aligning offerings with agency needs [9] - The company is enhancing its marketing function and digital strategy to improve lead capture and engagement [12][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macro headwinds affecting customer decisions but emphasized the importance of training mandates [5][6] - The company is confident in its ability to convert backlog into revenue and support scalable growth despite funding constraints [24][30] Other Important Information - The VXR extended reality platform is generating interest, with two units sold and more in discussions [15][16] - The company is expanding its certified training content, now offering over 120 hours of certified courses [19] Q&A Session Summary Question: Did macro dynamics contribute to any orders being pulled into Q1? - Management indicated that it was unclear if macro dynamics influenced order timing, noting that some agencies were trying to spend budgeted funds before potential shutdowns [34][35] Question: Is there demand for VXR from other market verticals? - Management confirmed that grant activity is driving demand for VXR, with interest from adjacent markets like healthcare and private security [36] Question: Are customers being forced into three-year agreements for the STEP program? - Management clarified that while customers are encouraged to move to three-year agreements, it is not strictly enforced, but it is a tactic to advance the sales cycle [38][39][41]

Athens, Ohio, May 1, 2025 - Ohio University, HTC VIVE, and Virtualware have partnered to launch a new program called the Digital Enterprise Collaboratory (DEC), which will provide infrastructure to power new digital engineering and workforce development programs to support the growing demand for advanced manufacturing in Ohio. The partnership combines Ohio University’s leadership in engineering education, HTC VIVE’s industry-leading XR hardware and software technologies, and Virtualware’s enterprise XR plat ...

Core Insights - Wearable Devices Ltd. is pioneering AI-based gesture control technology aimed at transforming human-device interactions, particularly in the XR, smartwatch, and AI-driven device markets [1][5][7] - The company is developing a neural wristband technology that detects user-specific micro-gestures, facilitating personalized controls tailored to individual users [2][5] - The technology aims to enhance usability and accessibility across various devices, driving adoption of neural-based interfaces in the expanding AI and XR sectors [6][7] Market Positioning - Wearable Devices is targeting high-growth markets such as augmented reality (AR), virtual reality (VR), smartwatches, and AI-driven wearables, where there is increasing demand for personalized input solutions [5][6] - The company has a decade of R&D experience and a growing patent portfolio, inviting collaboration with industry leaders to explore integration opportunities [6][7] Technological Advancements - The company is leveraging Large Motor Unit Action Potential (MUAP) Models to improve gesture classification, allowing for the recognition of micro-gestures and user-defined gestures [4][6] - The technology aims for cross-device integration, enabling personalized gestures to operate seamlessly across various platforms, including AR/VR headsets and smartwatches [6][7] Product Offerings - Wearable Devices' flagship products, such as the Mudra Band for iOS and Mudra Link for Android, utilize proprietary sensors and AI algorithms to enable touch-free interaction through subtle finger and wrist movements [7] - The company operates a dual-channel business model, focusing on direct-to-consumer sales and enterprise licensing, thereby enhancing user experiences in the rapidly expanding XR landscape [7]