NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, March 31, 2026 (GLOBE NEWSWIRE) -- Vitalist Inc. (TSX-V: VITA.V) ("Vitalist"), a wearable operating-system focused technology company, today announced that it has entered into a definitive merger agreement dated March 30, 2026 (the "Merger Agreement") to acquire 100% of the issued and outstanding equity securities of Somatix, Inc. ("Somatix"), a New York-based medical technology company focuse ...

For the better part of a decade, Whoop sold itself as a secret weapon for serious athletes. LeBron James was convinced to slap on the company’s fitness band in Whoop’s first year. Michael Phelps came soon after. Other Whoop wearers include Cristiano Ronaldo, Patrick Mahomes, and Rory McIlroy. The message to the public? The world’s best performers track their bodies with this device, and you can, too.It has worked. Whoop, the Boston-based health wearable company that Will Ahmed founded in his senior year at ...

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Core Insights - Vuzix is focusing on OEM programs and waveguide technology as primary growth engines, with expectations for increased revenue from these areas in 2026 [5][19] - The company reported improved financial results for 2025, including higher revenue, a narrower net loss, and a stronger cash position [5][12] Financial Performance - Q4 2025 revenue was $2.2 million, up from $1.3 million in Q4 2024, driven by higher M400 smart glasses sales and increased engineering services revenue [12] - Full-year 2025 revenue totaled $6.3 million, compared to $5.8 million in 2024, with product sales rising 4% year-over-year [12] - The net loss for 2025 was $32.3 million, significantly improved from a loss of $73.5 million in 2024, with a notable reduction in inventory obsolescence reserves [16][13] Strategic Focus - The company is enhancing its financial discipline and focusing on OEM and waveguide businesses, viewing its branded enterprise products as a strategic enabler for larger opportunities [4][5] - Vuzix is developing custom devices in collaboration with multiple large brands, including a program with a leading auto manufacturer for smart glasses intended for factory use [1][20] Waveguide and OEM Developments - Vuzix is ramping up production of waveguides for AI- and AR-enabled smart glasses, with a strategic investment of $20 million from Quanta validating its roadmap [7][9] - The company expects to see quarter-over-quarter revenue growth in OEM and waveguide segments throughout 2026, potentially surpassing revenue from its branded enterprise business [19] Partnerships and Market Expansion - Vuzix is expanding its relationships within the display ecosystem, collaborating with companies like TCL and Himax to optimize waveguides for specific display needs [10][11] - Engagements with defense and security agencies have progressed to active deliveries and contracted programs, indicating a growing market for Vuzix's products in these sectors [8][20]

Core 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].

Core Viewpoint - Wearable Devices Ltd. is implementing a one-for-three reverse share split to comply with Nasdaq's minimum bid price requirement of $1.00, ensuring continued listing on the Nasdaq Capital Market [2][3]. Group 1: Reverse Share Split Details - The reverse share split will adjust the number of issued and outstanding Ordinary Shares from 10,593,227 to approximately 3,531,076 and the number of publicly held Warrants from 98,589 to approximately 32,863 [4]. - The reverse share split was approved by shareholders on February 19, 2026, and will take effect on March 11, 2026 [3][2]. - No fractional Ordinary Shares or Warrants will be issued; fractional shares will be rounded to the nearest whole share [4]. Group 2: Compliance and Regulatory Context - The primary aim of the reverse share split is to proactively meet Nasdaq's compliance requirements, avoiding immediate delisting proceedings [2]. - Companies that have conducted a reverse split within the prior two years face stricter compliance rules, making this action critical for maintaining listing status [2]. Group 3: Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, with products like the Mudra Band and Mudra Link, which enable intuitive control of digital devices [6]. - The company operates through a dual-channel model, focusing on direct-to-consumer sales and enterprise licensing, enhancing user experiences in gaming, productivity, and XR [7]. - The newly launched ai6 Labs ecosystem aims to integrate research, products, and AI breakthroughs, positioning the company as a leader in the neural input category [8].

Core Viewpoint - Owlet's stock experienced a significant decline of over 33% following the company's disappointing first-quarter sales outlook, which projected $20.5 million, falling short of the expected $26.2 million [1][1][1] Group 1: Financial Performance - The company reported fourth-quarter sales of $26.6 million, exceeding expectations of $26 million, although it still posted losses that were narrower than anticipated [1][1] - Year-over-year sales for the first quarter are expected to decrease by 3% at the midpoint, indicating a challenging market environment [1][1] Group 2: Market Dynamics - Weaker consumer spending during the holiday season and macroeconomic uncertainties have led retailers to reduce inventory levels, negatively impacting Owlet's sales [1][1] - The first quarter is projected to account for only 16% of total sales forecasts this year, down from 20% last year, placing increased pressure on the latter half of the year to perform better [1][1] Group 3: Growth Initiatives - Owlet has increased its paying Owlet360 subscribers to 110,000 as of early March, indicating positive growth in its subscription service [1][1] - The company plans to launch Owlet OnCall, a telehealth platform, in the second half of the year, which is expected to enhance its pediatric health offerings [1][1] - Registry additions for the Dream Sock increased by 23% year-over-year in the fourth quarter, suggesting growing consumer interest [1][1]

Oura acquires Doublepoint, a startup that specializes in gesture recognition technology https://t.co/gQbcj2b5QU ...

Core Insights - Wearable Devices Ltd. is showcasing its innovative technology at MWC Barcelona 2026, including the debut of the Mudra Experience Studio, which focuses on neural input for XR and AI applications [1][2] - The Mudra Experience Studio simplifies the development of gesture experiences by utilizing Generative AI Developer Tools, enhancing deployment speed and reducing complexity [2] - The Mudra Link, a neural wristband, enables touch-free interaction across multiple platforms, enhancing user experience in various applications [3] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless technology for human-computer interaction, with products like the Mudra Band and Mudra Link leading the neural input category [5] - The company operates through a dual-channel model, offering direct-to-consumer sales and enterprise solutions, aiming to enhance experiences in gaming, productivity, and XR [6] - The newly launched ai6 Labs ecosystem integrates research and AI advancements to accelerate the development of neural input technologies [6]

Company Overview - Garmin Ltd. (NYSE:GRMN) was founded in 1989 and is headquartered in Olathe, Kansas, specializing in wearable technology, GPS, and communication devices across consumer, aviation, marine, and fitness markets through connected IoT-enabled products [3]. Financial Performance - For the full year 2025, Garmin reported consolidated revenue of $7.246 billion, marking a 15% year-over-year increase and setting a new annual record. The fourth-quarter revenue reached $2.125 billion, up 17% year-over-year, surpassing $2.0 billion for the first time in a single quarter [2]. - The pro forma EPS for 2025 was $8.56, reflecting a 16% year-over-year increase, with fourth-quarter pro forma EPS also at $2.79, up 16% [2]. - Garmin ended 2025 with approximately $4.1 billion in cash and marketable securities and generated around $1.4 billion in free cash flow [2]. Dividend and Share Repurchase - The company proposed an annual dividend of $4.20 per share, representing a 17% increase, and approved a $500 million share repurchase program [2]. Future Guidance - For 2026, Garmin management guided consolidated revenue to approximately $7.9 billion, with a gross margin of about 58.5%, operating margin near 25.5%, and operating income expected to exceed $2.0 billion for the first time. Pro forma EPS is projected at approximately $9.35 [2]. - The guidance incorporates anticipated memory cost pressures and tariff impacts, which are expected to be offset by a favorable product mix and supply chain initiatives [2]. Analyst Upgrade - On February 19, Morgan Stanley upgraded Garmin to Equal Weight from Underweight and raised its price target to $252 from $195, citing stronger-than-expected 2026 revenue and margin guidance as a catalyst for improved sentiment [1].