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Wearable Devices Surges 18% After Hours Following 978% Intraday Spike As Patent Win, Mudra Sales And Military Projects Spark Frenzy - Wearable Devices (NASDAQ:WLDS)
Benzinga· 2025-09-11 06:42
Core Insights - Wearable Devices Ltd. experienced a significant surge in stock price, with shares rising 18.15% to $6.12 during after-hours trading [1] - The company secured a U.S. patent for its innovative "Gesture and Voice Controlled Interface Device," enhancing user interaction through voice commands, gesture recognition, and biometric authentication [2] - The company reported $294,000 in sales for the first half of 2025, marking its entry into the market with the AI-powered Mudra Link wristband [3] - CEO Asher Dahan highlighted strong revenue growth across products and the company's expansion into the global wearable technology market [4] - Wearable Devices is pursuing military projects focused on touchless neural control systems and plans to expand in Japan through a partnership with Media Exceed Co. [5] - The company reduced its net loss to $3.7 million, or $2.30 per share, down from $4.2 million, or $16.52 per share, in the same period last year [6] - WLDS shares saw a dramatic increase of nearly 978% from a prior close of $1.01 to an intraday high of $10.89, with significant price fluctuations during the trading session [7]
NetworkNewsAudio Announces Audio Press Release (APR) on Expanding Neural Tech Leadership in Booming AI Wearables Market
GlobeNewswire News Room· 2025-08-07 12:30
Core Insights - Wearable Devices Ltd. is positioned as a leading innovator in the AI-powered wearables market, which is expected to grow from $21.2 billion in 2022 to over $260 billion by 2032, driven by its proprietary neural input technology [1][2] - The company's flagship products, the Mudra Link wristband and LMM platform, facilitate intuitive, touchless control of digital devices, enhancing user interaction with AR/VR headsets, smart devices, and healthcare applications [1][3] - Recent advancements include new U.S. patents for voice and gesture-controlled interfaces and a strategic partnership with Media Exceed to expand into the Japanese market [1][2] Company Strategy - Wearable Devices is aligning its strategy to cater to both consumer and enterprise demands, with a phased product rollout and international distribution plan [2][4] - The company's neural tech platform integrates gesture-based control, ambient computing, and predictive health tracking, providing a competitive edge in the market [2][4] - Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing, the company aims to enhance user experiences in gaming, productivity, and extended reality (XR) [4] Product Offerings - The Mudra Band and Mudra Link are defining the neural input category for wrist-worn devices and brain-computer interfaces, enabling touch-free control across multiple operating systems [3][4] - The company is setting the standard for neural input in the XR ecosystem, shaping the future of user experiences in rapidly growing tech markets [4]
Wearable Devices Gains Global Recognition at MWC 2025, Wins “Best Wearable Debut” Alongside Lenovo, Samsung, and Intel
Globenewswire· 2025-03-11 12:45
Core Insights - Wearable Devices Ltd. has been recognized for its Mudra Link wristband, which won the "Best Wearable Debut" award at MWC Barcelona 2025, highlighting its innovative position in the wearable technology market [1][3] - The Mudra Link is a groundbreaking wearable neural interface that allows users to control devices through gestures and subtle finger movements, potentially transforming human-computer interaction [2][3] Company Overview - Wearable Devices Ltd. specializes in AI-powered neural input technology aimed at enhancing human-computer interaction for both consumer and business markets [4][5] - The company offers products like the Mudra Band for iOS and Mudra Link for Android, which enable touch-free interaction by converting finger and wrist movements into intuitive controls [5] - Wearable Devices operates a dual-channel business model that includes direct-to-consumer sales and enterprise licensing, positioning itself as a leader in the rapidly growing XR market [5] Industry Recognition - The Mudra Link has received significant media attention, with various publications praising its potential to replace traditional input devices like the mouse and keyboard [3] - Industry experts have highlighted the product's capability to redefine how users interact with technology, indicating a strong market interest and potential for widespread adoption [2][3]