Core Insights - Wearable Devices Ltd. has released a significant update for its Mudra Link product, enhancing user experience with gesture-based media control and improved stability [1][6] - The new Media Control feature allows users to manage playback functions through natural hand gestures, eliminating the need for physical buttons [2][3] - The update builds on the previously introduced Gesture Mapper feature, which enables users to customize hand gestures for various digital actions [4][5] Product Features - The Mudra Link update includes gesture-based media control, allowing users to assign gestures like tap or pinch to playback functions [2][3] - The Gesture Mapper feature provides flexibility for users to personalize their interaction style across different applications and devices [4][5] - The firmware upgrade enhances performance and stability, ensuring users benefit from the latest features [6] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on human-computer interaction [7] - The company operates through a dual-channel model, offering products directly to consumers and through enterprise licensing [8] - Wearable Devices aims to set the standard for neural input technology in the rapidly growing extended reality (XR) market [9]

Core Insights - Zepp Health Corporation reported a 10% year-over-year growth in Amazfit revenue for Q1 2025, despite a challenging macroeconomic environment [1][3][6] - The company successfully launched new smartwatch models, Amazfit Active 2 and Bip 6, which have received positive market reception and are expected to drive further sales growth [1][2][6] - The management anticipates a year-over-year revenue increase for Q2 2025, projecting net revenues between US$50 million and US$55 million, representing a growth of approximately 23% to 35% compared to Q2 2024 [3][21] Financial Performance - Total revenue for Q1 2025 was US$39 million, with Amazfit-branded products growing by 10.2% year-over-year [3][6] - Gross margin improved to 37.3%, up from 36.8% in the same period last year, despite facing additional tariffs [3][7] - The net loss for Q1 2025 was US$19.7 million, compared to a net loss of US$14.8 million in Q1 2024 [15][33] Operating Expenses - Total operating expenses for Q1 2025 were US$32.7 million, a 6.9% increase year-over-year, driven by higher selling and marketing expenses [12][9] - Research and development expenses decreased by 7.8% year-over-year to US$12.4 million, reflecting a focus on resource efficiency [8] - Selling and marketing expenses rose by 28.5% year-over-year to US$13.8 million, primarily due to investments in digital campaigns and product launches [9][12] Cash and Debt Management - The company had a cash balance of US$104 million as of March 31, 2025, after repaying US$11.5 million in short-term debt [3][4] - Long-term borrowings now represent about 70% of total debt, with US$67.8 million of debt retired since early 2023 [4][18] - Improved working capital management contributed to a tighter cash conversion cycle, allowing for continued investment in growth opportunities [16][18] Market Strategy and Outlook - Zepp Health is committed to leveraging open-source technologies and enhancing AI capabilities to improve product offerings and user experience [2] - The company is expanding its brand presence through partnerships with athletes and community events, aiming to strengthen user connections and broaden its market reach [2][21] - Management remains focused on optimizing the supply chain and investing in AI-driven experiences to maintain leadership in the wearable market [2][21]

VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV: HAPB | OTCQB: HAPBF), a leading provider of wearable wellness technology, is proud to announce it has teamed up with Liberty Alliance, a veteran-owned business (SDVOSB) specializing in defense innovation and mission support. This collaboration aims to introduce Hapbee’s proprietary ultra-low frequency wearable devices to military personnel, special operations forces, and veteran communities worldwide. Liberty Alli ...

Advanced smartwatches add new training tools, recovery insights and connected features—all on Garmin's brightest smartwatch display yetOLATHE, Kan., May 15, 2025 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the Forerunner® 570 and Forerunner 970, its latest GPS running and triathlon smartwatches with advanced training tools, recovery insights, personalized workouts and more to help athletes reach their next PR. Featuring Garmin's brightest AMOLED displays yet, the new Forerunners add a built-in speak ...

Core Insights - Innovative Eyewear Inc. reported a net revenue of $454,501 for Q1 2025, marking a 19% increase from $383,471 in Q1 2024, driven by growth in unit sales and successful product launches [2][4] - The gross profit margin improved significantly to 49% in Q1 2025 from just 2% in Q1 2024, attributed to lower costs of frames and prescription lenses [3] - The company experienced a net loss of $1,778,703 in Q1 2025, which is an improvement compared to a net loss of $1,971,311 in Q1 2024 [4] Revenue Growth - The increase in revenue was primarily due to the successful launches of the Nautica® Powered by Lucyd and Eddie Bauer® Powered by Lucyd collections, as well as the Lucyd Armor safety smart glasses line [2] - Continued investments in marketing and advertising initiatives contributed to the revenue growth, alongside rising public interest in smart glasses and wearable products [2] Cost Management - The gross profit margin increase was driven by lower frame costs and reduced prescription lens fulfillment costs, achieved through better economies of scale and management actions taken in the previous year [3] - The company engaged a new lower-cost lens supplier, which further contributed to the reduction in lens fulfillment costs [3] Operating Expenses - Total operating expenses for Q1 2025 were $2,124,324, reflecting an 11% increase from $2,021,542 in Q1 2024, although expenses remained relatively consistent between these periods [4] Product Development and Market Position - The company launched the Reebok® Powered by Lucyd sport smart sunglasses collection in April 2025, featuring advanced audio technology tailored for outdoor activities [6] - The success of the Lucyd Armor product line indicates a strong market potential for smart eyewear tailored to specific user niches [6] - The company has expanded its sales team to support the growth of its product lines, indicating a strategic focus on enhancing market presence [6][7]

Newly allowed patent extends Wearable Devices’ innovative gesture technology into the domain of voice control YOKNEAM ILLIT, ISRAEL, May 13, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced that the United States Patent and Trademark Office has allowed its patent titled “Gesture and Voice-Controlled Interface Device.” This ...

Wearable Devices Ltd. Announces a Warrant Inducement Transaction for $1.2 Million in Gross ProceedsYokneam Illit, Israel, April 29, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, today announced its entry into a warrant inducement agreement with an existing institutional investor of the Company for the immediate exercise of warrants to purchase up ...

The new feature empowers users to customize intuitive and touchless interactions, transforming the way they control their digital world. YOKNEAM ILLIT, ISRAEL, April 24, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced a major update to its Mudra Link product - transforming it into a personalized neural wristband controller ...

Core Insights - Wearable Devices Ltd. has received approval for a new patent titled "Gesture and Voice-Controlled Interface Device," enhancing its intellectual property portfolio and protecting its innovations in wearable bio-potential sensors [1][2] - The patented technology integrates gesture recognition with voice control, allowing for personalized user experiences and secure interactions through neural and voice-based authentication [2][4] Group 1: Patent and Technology - The newly allowed patent enables hands-free interaction across various applications, such as navigating maps and controlling smart home devices using gestures and voice commands [3][4] - In multi-user environments, the technology can recognize individual users through unique gesture and voice signatures, providing tailored experiences [3] Group 2: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link that facilitate intuitive controls through subtle movements [5] - The company operates a dual-channel business model, focusing on direct-to-consumer sales and enterprise licensing, aiming to redefine user experiences in the rapidly growing XR market [5]

ROCHESTER, N.Y., April 1, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today announced that it has received a $500K reorder for its smart glasses from Augmex, a one- stop-shop solutions provider for increasing productivity with smart glasses. This order follows an initial low six-figure one received in December 2024 from Augmex, who will continue to bundle their robust ...