WLDS

Company Overview — What Does Wearable Devices Ltd. Do?

We are a growth company developing a non-invasive neural input interface in the form of a wrist wearable band for controlling digital devices using subtle finger movements. Since our technology was introduced to the market in 2014, we have been working with both Business-to-Business, or B2B, and Business to Consumer, or B2C, customers as part of our push-pull strategy. We are now in the transition phase from research and development to commercialization of our technology into B2B products. At the same time, we are in the final stage of manufacturing our first B2C consumer product, the “Mudra Band”, an aftermarket accessory band for the Apple Watch which allows touchless operation and control of the watch and iPhone. Our company’s vision is to create a world in which the user’s hand becomes a universal input device for touchlessly interacting with technology. We believe that our technology is setting the standard input interface for the Metaverse. According to an article “CES 2021: The Mudra Band and How Wearable Devices Defining the Future of Immersive Customer Experiences,” published in January 2021 by Futurum Research, the Mudra Band has the potential to bring a whole new level of accessibility and immersive experiences to the wearer of the device. Moreover, according to the article, what sets the Mudra Band apart from similar technology is its add-on approach to interface with existing commands, as opposed to fixing the technology into the controlled device. Further, we have generated insights based on dozens of feedbacks we have received for our technology and learned about the preferred methods of users to produce commands with multiple digital devices, and the Mudra Band incorporates those preferred methods. We intend to transform interaction and control of digital devices to be as natural and intuitive as real-life experiences. We imagine a future in which humans can share skills, thoughts, emotions, and movements with each other and with computers, using wearable interfaces and devices. We believe that neural-based interfaces will become as ubiquitous to interact with wearable computing and digital devices in the near future as the touchscreen is a universal input method for smartphones. Combining our own proprietary sensors and Artificial Intelligence, or AI, algorithms into a stylish wristband, our Mudra platform enables users to control digital devices through subtle finger movements and hand gestures, without physical touch or contact. These digital devices include consumer electronics, smart watches, smartphones, Augmented Reality, or AR glasses, Virtual Reality, or VR headsets, televisions, personal computers and laptop computers, drones, robots, etc. We have sold our Mudra Inspire development kit product to B2B customers since 2018 as our first point of business engagement and it has contributed to our early-stage revenues. At the Consumer Electronics Show (CES) 2021, the Mudra Band for Apple Watch, our flagship consumer product, won Innovation Award Honoree and the Best Wearable Award. The product is in its final stages of manufacturing. Our early-stage revenues were derived from the sales of our Mudra Inspire development kit and from pilot transactions to evaluate the integration of our solution with the clients’ products. In 2020 and 2021, we generated revenues of $57 thousand and $142, respectively, and comprehensive and net loss of $1,258 thousand, $2,614, respectively. Over 100 companies have purchased our Mudra Inspire development kit, 30 of which are multinational technology companies. These companies are exploring various input and control use-cases for their products, ranging over multiple countries and industry sectors, including consumer electronics manufacturers, consumer electronics brands, electronic components manufacturers, Information Technology, or IT, services and software development companies, industrial companies, and utility providers. Our objective with these companies is to commercialize our Mudra technology by licensing it for integration in the hardware and software of these companies’ products and services. We estimate that there will be a three-to-five-year period from the time we are first introduced to a customer to signing a licensing agreement. As of the date of this prospectus, we have not signed a license agreement with any of these companies. The core of our platform is Mudra — our Surface Nerve Conductance, or SNC, technology and wristband. Mudra tracks neural signals on the surface of the user’s wrist, which our algorithms decipher to predict as finger movements or hand gestures. The interface binds each gesture with a specific digital function, allowing users to input commands without physical touch or contact. Mudra gestures are natural to perform, and gestures can be tailored per a user’s intent, desired function, and the controlled digital device. Mudra can detect multiple types of gesture, including hand movements, finger movements, and fingertip pressure gradations. In addition to the control use-case, our Mudra technology and SNC sensor can be utilized in multiple monitoring use-cases where we can monitor neural and hand movements for digital health purposes, sport analytics performance, and Industry 4.0 solutions. We are an Israeli corporation based in Yokne’am Illit, Israel and were incorporated in Israel in 2014 under the name Wearable Devices Ltd. Our principal executive offices are located at 2 Ha-Ta’asiya St., Yokne’am Illit, 2069803 Israel. Wearable Devices Ltd. (WLDS) is classified as a micro-cap stock in the Technology sector, specifically within the Computer Hardware industry. The company is led by CEO Asher Dahan and employs approximately 20 people. With a market capitalization of $5M, WLDS is one of the notable companies in the Technology sector.

Wearable Devices Ltd. (WLDS) Stock Rating — Reduce (April 2026)

As of April 2026, Wearable Devices Ltd. receives a Reduce rating with a composite score of 32.9/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.WLDS ranks #3,853 out of 4,446 stocks in our coverage universe. Within the Technology sector, Wearable Devices Ltd. ranks #466 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

WLDS Stock Price and 52-Week Range

Wearable Devices Ltd. (WLDS) currently trades at $1.42. The stock lost $0.09 (6.0%) in the most recent trading session. The 52-week high for WLDS is $11.40, which means the stock is currently trading -87.5% from its annual peak. The 52-week low is $0.69, putting the stock 107.3% above its annual trough. Recent trading volume was 47K shares, suggesting relatively thin trading activity.

Is WLDS Overvalued or Undervalued? — Valuation Analysis

Wearable Devices Ltd. (WLDS) carries a value factor score of 4/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 1.23x, versus the sector average of 3.16x. The price-to-sales ratio is 2.27x, compared to 1.06x for the average Technology stock.

At current multiples, Wearable Devices Ltd. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Wearable Devices Ltd. Profitability — ROE, Margins, and Quality Score

Wearable Devices Ltd. (WLDS) earns a quality factor score of 30/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -816.5%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -527.4% versus the sector average of -1.0%.

On a margin basis, Wearable Devices Ltd. reports gross margins of 16.3%, compared to 50.9% for the sector. The operating margin is -1498.1% (sector: -0.5%). Net profit margin stands at -1509.4%, versus -1.5% for the average Technology stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

WLDS Debt, Balance Sheet, and Financial Health

Wearable Devices Ltd. has a debt-to-equity ratio of 20.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $770,000. Cash and equivalents stand at $3M.

WLDS has a beta of 1.49, meaning it is more volatile than the broader market — a $10,000 investment in WLDS would be expected to move 48.9% more than the S&P 500 on any given day. The stability factor score for Wearable Devices Ltd. is 9/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Wearable Devices Ltd. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Wearable Devices Ltd. reported revenue of $522,000 and earnings per share (EPS) of $-24.20. Net income for the quarter was $-8M. Gross margin was 16.3%. Operating income came in at $-8M.

In FY 2024, Wearable Devices Ltd. reported revenue of $522,000 and earnings per share (EPS) of $-24.20. Net income for the quarter was $-8M. Gross margin was 16.3%. Revenue grew 536.6% year-over-year compared to FY 2023. Operating income came in at $-8M.

In FY 2023, Wearable Devices Ltd. reported revenue of $82,000 and earnings per share (EPS) of $-38.40. Net income for the quarter was $-8M. Gross margin was 24.4%. Revenue grew 82.2% year-over-year compared to FY 2022. Operating income came in at $-8M.

In FY 2022, Wearable Devices Ltd. reported revenue of $45,000 and earnings per share (EPS) of $-42.40. Net income for the quarter was $-6M. Gross margin was 77.8%. Revenue grew -68.3% year-over-year compared to FY 2021. Operating income came in at $-6M.

Over the past 5 quarters, Wearable Devices Ltd. has demonstrated a growth trajectory, with revenue expanding from $142,000 to $522,000. Investors analyzing WLDS stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

WLDS Dividend Yield and Income Analysis

Wearable Devices Ltd. (WLDS) does not currently pay a dividend. This is common among smaller companies in the Computer Hardware industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

WLDS Momentum and Technical Analysis Profile

Wearable Devices Ltd. (WLDS) has a momentum factor score of 47/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 58/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.

WLDS vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, Wearable Devices Ltd. (WLDS) ranks #466 out of 584 stocks based on the Blank Capital composite score. This places WLDS in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing WLDS against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full WLDS vs S&P 500 (SPY) comparison to assess how Wearable Devices Ltd. stacks up against the broader market across all factor dimensions.

WLDS Next Earnings Date

No upcoming earnings date has been announced for Wearable Devices Ltd. (WLDS) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy WLDS? — Investment Thesis Summary

The quantitative profile for Wearable Devices Ltd. suggests caution. The quality score of 30/100 flags below-average profitability. The value score of 4/100 indicates premium valuation. High volatility (stability score 9/100) increases portfolio risk.

In summary, Wearable Devices Ltd. (WLDS) earns a Reduce rating with a composite score of 32.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on WLDS stock.

Related Resources for WLDS Investors

Explore more research and tools: WLDS vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare WLDS head-to-head with peers: WLDS vs IHS, WLDS vs VRSN, WLDS vs ESE.