WLDS

MKT CAP:$341532

Wearable Devices Ltd.

Market Cap

$341532

Technology·Consumer Electronics·🇮🇱 Israel·NASDAQ

Technology·Consumer Elec.·🇮🇱·NASDAQ

Stock Price

$1.17-$2.61 (-69.05%)

Apr 24, 2026

Company Details

Wearable Devices Ltd. engages in developing a non-invasive neural input interface for controlling digital devices using subtle finger movements. The company offers Mudra Inspire development kits that enables users to control digital devices...

CEO

Asher Dahan

IPO Date

Sep 13, 2022

Website

wearabledevices.co.il

Key Metrics TTM

Revenue

$886.0K

+863.0% YoY

Net Income

-$16M

EPS (Diluted)

-$1,224.71

Free Cash Flow

-$14M

Revenue / Share

$18.18

Gross Margin

-12.4%

Operating Margin

-1773.1%

Net Margin

-1750.8%

FCF Margin

-1611.1%

P/S

0.4x

P/E

—

Earnings Reports

Q2 2025

Sep 9, 2025

$294.0K-25.4%EPS -$76.26

Q4 2024

Mar 20, 2025

$128.0K+82.9%EPS -$149.45

Q2 2024

Sep 23, 2024

$394.0K+3183.3%EPS -$475.92

Q4 2023

Mar 15, 2024

$70.0K+311.8%EPS -$523.08

Q2 2023

Aug 29, 2023

$12.0K-57.1%EPS -$588.77

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$34.0K	$30.0K	-$684.0K
Q4 20	$23.0K	$18.0K	-$472.0K
Q2 21	$107.0K	$100.0K	-$606.0K
Q4 21	$35.0K	$25.0K	-$2M
Q2 22	$28.0K	$12.0K	-$2M
Q4 22	$17.0K	$4.0K	-$4M
Q2 23	$12.0K	-$14.0K	-$4M
Q4 23	$70.0K	$11.0K	-$4M
Q2 24	$394.0K	$79.0K	-$4M
Q4 24	$128.0K	-$47.0K	-$4M
Q2 25	$294.0K	-$153.0K	-$4M

Valuation

Quarter	P/S	P/E
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	14.3x	—
Q2 22	14.7x	—
Q4 22	4.4x	—
Q2 23	28.1x	—
Q4 23	7.6x	—
Q2 24	6.9x	—
Q4 24	0.9x	—
Q2 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	-$943.0K	-$958.0K
Q4 20	-$146.0K	-$147.0K
Q2 21	-$491.0K	-$505.0K
Q4 21	-$2M	-$2M
Q2 22	-$1M	-$1M
Q4 22	-$4M	-$4M
Q2 23	-$4M	-$4M
Q4 23	-$5M	-$5M
Q2 24	-$4M	-$4M
Q4 24	-$4M	-$4M
Q2 25	-$3M	-$3M
Q4 25	-$4M	-$4M

Capital Expenditures

Quarter	CapEx
Q2 20	$15.0K
Q4 20	$1.0K
Q2 21	$14.0K
Q4 21	$22.0K
Q2 22	$15.0K
Q4 22	$33.0K
Q2 23	$93.0K
Q4 23	$101.0K
Q2 24	$36.0K
Q4 24	$7.0K
Q2 25	$7.0K
Q4 25	$13.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-17.6%	+179.5%
Q4 22	-26.1%	+625.7%
Q2 23	-88.8%	+470.3%
Q4 23	+100.0%	+110.0%
Q2 24	+1307.1%	+129.9%
Q4 24	+652.9%	+3.8%
Q2 25	+2350.0%	-0.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$42.0K	123.5%
Q4 20	$25.0K	108.7%
Q2 21	$62.0K	57.9%
Q4 21	$237.0K	677.1%
Q2 22	$376.0K	1342.9%
Q4 22	$414.0K	2435.3%
Q2 23	$109.0K	908.3%
Q4 23	$132.0K	188.6%
Q2 24	$112.0K	28.4%
Q4 24	$0	0.0%
Q2 25	$427.0K	145.2%
Q4 25	$0	—

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 20	$466.0K	$94.0K	$154.0K
Q4 20	$277.0K	$80.0K	$133.0K
Q2 21	$388.0K	$188.0K	$130.0K
Q4 21	$1M	$440.0K	$535.0K
Q2 22	$944.0K	$587.0K	$471.0K
Q4 22	$1M	$1M	$899.0K
Q2 23	$2M	$1M	$1M
Q4 23	$2M	$1M	$958.0K
Q2 24	$2M	$2M	$1M
Q4 24	$1M	$1M	$1M
Q2 25	$1M	$1M	$919.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 19	$2M	$0	$2M
Q4 20	$475.0K	$0	$475.0K
Q2 21	$3M	$0	$3M
Q4 21	$1M	$0	$1M
Q2 22	$320.0K	$0	$320.0K
Q2 23	$6M	$2M	$8M
Q4 23	$810.0K	$4M	$5M
Q2 24	$3M	$57.0K	$3M
Q4 24	$3M	$862.0K	$4M
Q2 25	$2M	$1M	$3M
Q4 25	$7M	$12M	$18M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	5K	—	—
Q4 20	5K	0.0%	—
Q2 21	5K	0.0%	—
Q4 21	5K	0.0%	—
Q2 22	5K	0.0%	0.0%
Q4 22	7K	+35.1%	+35.1%
Q2 23	7K	+1.4%	+37.0%
Q4 23	7K	+13.2%	+55.0%
Q2 24	9K	+18.1%	+83.1%
Q4 24	25K	+177.5%	+276.1%
Q2 25	49K	+98.5%	+636.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	$607	28
Q2 23	$429	28
Q4 23	$2.4K	29
Q2 24	$13.6K	29
Q4 24	$5.1K	25
Q2 25	$11.8K	25

Revenue / Employee