Wearable Devices Ltd.(WLDS)Earnings, Financials & Key Ratios
WLDS•NASDAQ
$1.03
$728687 mkt cap·Price updated May 6, 2026
AboutWearable 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 through finger movements and hand gestures. These digital devices include consumer electronics, smart watches, smartphones, augmented reality glasses, virtual reality headsets, televisions, personal computers and laptop computers, drones, robots, etc. It serves consumer electronics companies, industrial companies, information technology and software solutions providers, software development studios, and academia and research universities, as well as consumers from B2C market. The company was incorporated in 2014 and is based in Yokneam Illit, Israel.Show more
- Revenue$522K+536.6%
- EBITDA-$8M+5.0%
- Net Income-$8M-0.8%
- EPS (Diluted)-24.19+37.0%
- Gross Margin16.28%-33.2%
- EBITDA Margin-1477.59%+85.1%
- Operating Margin-1498.08%+85.0%
- Net Margin-1509.39%+84.2%
- ROE-167.89%-66.6%
- ROIC-164.19%+32.3%
- Debt/Equity0.28+169.4%
- Interest Coverage-150.38
WLDS Key Insights
Wearable Devices Ltd. (WLDS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 16.6%
- ✓Share count reduced 19.6% through buybacks
- ✓Trading at only 0.1x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 2 (bottom 2%)
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
WLDS Price & Volume
Wearable Devices Ltd. (WLDS) stock price & volume — 10-year historical chart
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WLDS Growth Metrics
Wearable Devices Ltd. (WLDS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years16.62%
3 Years54.33%
TTM863.04%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-25.44%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-4961.96%
Return on Capital
10 Years-171.35%
5 Years-171.35%
3 Years-122.23%
Last Year-161.49%
WLDS Peer Comparison
Wearable Devices Ltd. (WLDS) competitors in Wearables and emerging AR devices — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MVIS | 205.21M | 0.67 | -1.91 | -74.28% | -78.63% | -137.37% | 0.66 | |
 KOPN | 744.26M | 4.75 | -14.39 | 24.61% | -13.48% | -30.23% | 0.09 | |
 VUZI | 219.78M | 2.71 | -6.45 | 1090.42% | -5.14% | -5.21% | 0.04 | |
 AEYE | 93.6M | 7.54 | -30.16 | 14.52% | -7.63% | -47.8% | 0.15 | |
 GRMN | 45.25B | 234.64 | 27.32 | 15.06% | 23.26% | 19.93% | 3.01% | 0.02 |
 FITB | 33.69B | 50.30 | 16.02 | 5.62% | 17.73% | 11.43% | 7.15% | 0.97 |
 IMMR | 206.39M | 6.35 | 1.55 | 35.39% | 4.49% | 13% | 0.57 | |
 CEVA | 809.85M | 33.72 | -91.14 | 9.77% | -10.49% | -4.2% | 0.06% | 0.02 |
Compare WLDS vs Peers
Wearable Devices Ltd. (WLDS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WLDS Income Statement
Wearable Devices Ltd. (WLDS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 242K | 57K | 142K | 45K | 82K | 522K | 886K |
| Revenue Growth % | - | -76.45% | 149.12% | -68.31% | 82.22% | 536.59% | 863.04% |
| Cost of Goods Sold | 21K | 9K | 15.5K | 25.33K | 62K | 437K | 996K |
| COGS % of Revenue | 8.68% | 15.79% | 10.92% | 56.3% | 75.61% | 83.72% | - |
| Gross Profit | 221K▲ 0% | 48K▼ 78.3% | 126.5K▲ 163.5% | 19.67K▼ 84.5% | 20K▲ 1.7% | 85K▲ 325.0% | -110K▲ 0% |
| Gross Margin % | 91.32% | 84.21% | 89.08% | 43.7% | 24.39% | 16.28% | -12.42% |
| Gross Profit Growth % | - | -78.28% | 163.54% | -84.45% | 1.69% | 325% | - |
| Operating Expenses | 1.17M | 1.2M | 2.7M | 5.57M | 8.21M | 7.91M | 15.6M |
| OpEx % of Revenue | 483.47% | 2112.28% | 1900.35% | 12385.92% | 10007.32% | 1514.37% | - |
| Selling, General & Admin | 383K | 461K | 1.29M | 3.31M | 4.89M | 4.94M | 9.41M |
| SG&A % of Revenue | 158.26% | 808.77% | 906.69% | 7356.3% | 5963.41% | 946.55% | - |
| Research & Development | 787K | 743K | 1.41M | 2.26M | 3.32M | 2.96M | 6.6M |
| R&D % of Revenue | 325.21% | 1303.51% | 993.66% | 5029.63% | 4043.9% | 567.82% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -415K |
| Operating Income | -949K▲ 0% | -1.16M▼ 21.8% | -2.57M▼ 122.5% | -5.55M▼ 115.9% | -8.19M▼ 47.4% | -7.82M▲ 4.5% | -15.71M▲ 0% |
| Operating Margin % | -392.15% | -2028.07% | -1811.27% | -12342.22% | -9982.93% | -1498.08% | -1773.14% |
| Operating Income Growth % | - | -21.81% | -122.49% | -115.94% | -47.39% | 4.47% | - |
| EBITDA | -942K | -1.15M | -2.56M | -5.53M | -8.12M | -7.71M | -15.51M |
| EBITDA Margin % | -389.26% | -2015.79% | -1803.52% | -12291.11% | -9900% | -1477.59% | -1750.56% |
| EBITDA Growth % | - | -21.97% | -122.89% | -115.97% | -46.77% | 4.99% | -34.62% |
| D&A (Non-Cash Add-back) | 7K | 7K | 11K | 23K | 68K | 107K | 200K |
| EBIT | -949K | -1.16M | -2.61M | -6.46M | -8.19M | -7.82M | -15.71M |
| Net Interest Income | -28K | -102K | 55K | -38K | 372K | -52K | 210K |
| Interest Income | 0 | 0 | 55K | 0 | 372K | 0 | 273K |
| Interest Expense | 28K | 102K | 0 | 38K | 0 | 52K | 63K |
| Other Income/Expense | -28K | -102K | 55K | -38K | 372K | -52K | 210K |
| Pretax Income | -977K▲ 0% | -1.26M▼ 28.8% | -2.61M▼ 107.8% | -6.5M▼ 148.5% | -7.81M▼ 20.3% | -7.87M▼ 0.7% | -15.5M▲ 0% |
| Pretax Margin % | -403.72% | -2207.02% | -1840.85% | -14435.56% | -9529.27% | -1508.05% | -1749.44% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 7K | 12K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | -0.09% | -0.08% |
| Net Income | -977K▲ 0% | -1.26M▼ 28.8% | -2.61M▼ 107.8% | -6.5M▼ 148.5% | -7.81M▼ 20.3% | -7.88M▼ 0.8% | -15.51M▲ 0% |
| Net Margin % | -403.72% | -2207.02% | -1840.85% | -14435.56% | -9529.27% | -1509.39% | -1750.79% |
| Net Income Growth % | - | -28.76% | -107.79% | -148.51% | -20.29% | -0.83% | -25.44% |
| Net Income (Continuing) | -977K | -1.26M | -2.61M | -6.5M | -7.81M | -7.88M | -15.51M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.09▲ 0% | -9.04▼ 9922.2% | -13.94▼ 54.2% | -42.40▼ 204.2% | -38.40▲ 9.4% | -24.19▲ 37.0% | -11.05▲ 0% |
| EPS Growth % | - | -9922.17% | -54.2% | -204.16% | 9.43% | 37.01% | -4961.96% |
| EPS (Basic) | -0.09 | -0.11 | -13.94 | -34.53 | -38.40 | -24.19 | - |
| Diluted Shares Outstanding | 278.42K | 278.42K | 278.42K | 376.24K | 405.03K | 325.69K | 1.4M |
| Basic Shares Outstanding | 278.42K | 278.42K | 278.42K | 376.24K | 405.03K | 325.69K | 1.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
WLDS Balance Sheet
Wearable Devices Ltd. (WLDS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.59M | 563K | 1.4M | 10.98M | 6.75M | 5.52M | 4.52M |
| Cash & Short-Term Investments | 1.58M | 475K | 1.27M | 10.37M | 4.86M | 3.95M | 3.46M |
| Cash Only | 1.58M | 475K | 1.27M | 10.37M | 810K | 3.09M | 2.06M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 4.04M | 862K | 1.39M |
| Accounts Receivable | 6K | 68K | 117K | 54K | 865K | 339K | 0 |
| Days Sales Outstanding | 9.05 | 435.44 | 300.74 | 438 | 3.85K | 237.04 | 129.56 |
| Inventory | 0 | 20K | 11K | 6K | 1.03M | 1.23M | 928K |
| Days Inventory Outstanding | - | 811.11 | 259.03 | 86.45 | 6.08K | 1.02K | 403.48 |
| Other Current Assets | 0 | 0 | 0 | 543K | 865K | 0 | 133K |
| Total Non-Current Assets | 9K | 30K | 43K | 248K | 840K | 460K | 270K |
| Property, Plant & Equipment | 9K | 18K | 43K | 248K | 786K | 460K | 270K |
| Fixed Asset Turnover | 26.89x | 3.17x | 3.30x | 0.18x | 0.10x | 1.13x | 1.65x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 12K | 12K | 0 | 0 | 54K | 0 | 54K |
| Other Non-Current Assets | -12K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 1.6M▲ 0% | 593K▼ 63.0% | 1.45M▲ 143.7% | 11.22M▲ 676.7% | 7.59M▼ 32.4% | 5.98M▼ 21.3% | 4.79M▲ 0% |
| Asset Turnover | 0.15x | 0.10x | 0.10x | 0.00x | 0.01x | 0.09x | 0.15x |
| Asset Growth % | - | -63.01% | 143.68% | 676.75% | -32.36% | -21.29% | -107.2% |
| Total Current Liabilities | 3.3M | 3.47M | 638K | 1.15M | 1.79M | 2.1M | 974K |
| Accounts Payable | 73K | 32K | 72K | 156K | 410K | 157K | 93K |
| Days Payables Outstanding | 1.27K | 1.3K | 1.7K | 2.25K | 2.41K | 131.13 | 76.5 |
| Short-Term Debt | 3M | 3.05M | 0 | 0 | 0 | 770K | 163K |
| Deferred Revenue (Current) | 11K | 225K | 297K | 365K | 0 | 392K | 493K |
| Other Current Liabilities | 46K | 42K | 0 | 0 | 312K | 83K | -151K |
| Current Ratio | 0.48x | 0.16x | 2.20x | 9.54x | 3.78x | 2.63x | 2.63x |
| Quick Ratio | 0.48x | 0.16x | 2.18x | 9.54x | 3.20x | 2.05x | 2.05x |
| Cash Conversion Cycle | - | -51.23 | -1.14K | -1.72K | 7.51K | 1.13K | 456.54 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 94K | 278K | 21K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 94K | 278K | 21K | 443K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.3M | 3.47M | 638K | 1.24M | 2.07M | 2.12M | 974K |
| Total Debt | 3M | 3.05M | 0 | 162K | 575K | 1.08M | 163K |
| Net Debt | 1.42M | 2.58M | -1.27M | -10.21M | -235K | -2.01M | -1.9M |
| Debt / Equity | - | - | - | 0.02x | 0.10x | 0.28x | 0.28x |
| Debt / EBITDA | - | - | - | - | - | - | -0.01x |
| Net Debt / EBITDA | - | - | - | - | - | - | 0.12x |
| Interest Coverage | -33.89x | -11.33x | - | -146.16x | - | -150.38x | -249.37x |
| Total Equity | -1.7M▲ 0% | -2.88M▼ 69.5% | 807K▲ 128.1% | 9.98M▲ 1136.7% | 5.53M▼ 44.6% | 3.86M▼ 30.1% | 3.81M▲ 0% |
| Equity Growth % | - | -69.48% | 128.06% | 1136.68% | -44.63% | -30.15% | -27.64% |
| Book Value per Share | -6.10 | -10.33 | 2.90 | 26.53 | 13.64 | 11.85 | 2.72 |
| Total Shareholders' Equity | -1.7M | -2.88M | 807K | 9.98M | 5.53M | 3.86M | 3.81M |
| Common Stock | 17K | 17K | 31K | 43K | 57K | 67K | 67K |
| Retained Earnings | -3.04M | -4.3M | -6.91M | -13.41M | -21.22M | -29.1M | -32.82M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -12K | -12K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WLDS Cash Flow Statement
Wearable Devices Ltd. (WLDS) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -481K | -1.09M | -2.1M | -5.71M | -8.43M | -7.61M | -7.61M |
| Operating CF Margin % | -198.76% | -1910.53% | -1480.99% | -12697.78% | -10285.37% | -1458.43% | - |
| Operating CF Growth % | - | -126.4% | -93.11% | -171.71% | -47.6% | 9.73% | 29.47% |
| Net Income | -977K | -1.26M | -2.61M | -6.5M | -7.81M | -7.88M | -15.51M |
| Depreciation & Amortization | 7K | 7K | 11K | 23K | 68K | 107K | 200K |
| Stock-Based Compensation | 148K | 67K | 299K | 790K | 241K | 182K | 671K |
| Deferred Taxes | 0 | -196K | -291K | -731K | 0 | 0 | 0 |
| Other Non-Cash Items | 50K | 252K | 311K | 731K | -113K | 244K | 69K |
| Working Capital Changes | 291K | 39K | 181K | -31K | -816K | -267K | -723K |
| Change in Receivables | 90K | -62K | -19K | 16K | -54K | 448K | 66K |
| Change in Inventory | 13K | -12K | 9K | 5K | -1.03M | -269K | -1.17M |
| Change in Payables | 47K | -41K | 40K | 84K | 254K | -253K | -19K |
| Cash from Investing | -1K | -16K | -36K | -66K | -4.25M | 3.2M | 568K |
| Capital Expenditures | -1K | -16K | -36K | -48K | -194K | -43K | -151K |
| CapEx % of Revenue | 0.41% | 28.07% | 25.35% | 106.67% | 236.59% | 8.24% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -18K | 0 | 3.24M | 0 |
| Cash from Financing | 1.9M | 0 | 2.94M | 14.88M | 3.12M | 6.7M | 10.84M |
| Debt Issued (Net) | 1.9M | 0 | 0 | 0 | 0 | 764K | -6K |
| Equity Issued (Net) | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 3.27M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -100K | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 12K | 160K | 1.45M | 0 | 0 |
| Net Change in Cash | 1.42M▲ 0% | -1.1M▼ 177.9% | 799K▲ 172.3% | 9.1M▲ 1038.8% | -9.56M▼ 205.1% | 2.28M▲ 123.8% | -3.89M▲ 0% |
| Free Cash Flow | -482K▲ 0% | -1.1M▼ 129.3% | -2.14M▼ 93.6% | -5.76M▼ 169.4% | -8.63M▼ 49.7% | -7.66M▲ 11.3% | -15.45M▲ 0% |
| FCF Margin % | -199.17% | -1938.6% | -1506.34% | -12804.44% | -10521.95% | -1466.67% | -1743.34% |
| FCF Growth % | - | -129.25% | -93.57% | -169.38% | -49.74% | 11.27% | -37.81% |
| FCF per Share | -1.73 | -3.97 | -7.68 | -15.31 | -21.30 | -23.51 | -23.51 |
| FCF Conversion (FCF/Net Income) | 0.49x | 0.87x | 0.80x | 0.88x | 1.08x | 0.97x | 1.00x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 49K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
WLDS Key Ratios
Wearable Devices Ltd. (WLDS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -323.92% | -120.44% | -100.79% | -167.89% | -406.82% |
| Return on Invested Capital (ROIC) | - | - | - | -242.67% | -164.19% | -164.19% |
| Gross Margin | 84.21% | 89.08% | 43.7% | 24.39% | 16.28% | -12.42% |
| Net Margin | -2207.02% | -1840.85% | -14435.56% | -9529.27% | -1509.39% | -1750.79% |
| Debt / Equity | - | - | 0.02x | 0.10x | 0.28x | 0.28x |
| Interest Coverage | -11.33x | - | -146.16x | - | -150.38x | -249.37x |
| FCF Conversion | 0.87x | 0.80x | 0.88x | 1.08x | 0.97x | 1.00x |
| Revenue Growth | -76.45% | 149.12% | -68.31% | 82.22% | 536.59% | 863.04% |
WLDS Frequently Asked Questions
Wearable Devices Ltd. (WLDS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Wearable Devices Ltd. (WLDS) reported $0.9M in revenue for fiscal year 2024. This represents a 266% increase from $0.2M in 2019.
Wearable Devices Ltd. (WLDS) grew revenue by 536.6% over the past year. This is strong growth.
Wearable Devices Ltd. (WLDS) reported a net loss of $15.5M for fiscal year 2024.
Dividend & Returns
Wearable Devices Ltd. (WLDS) has a return on equity (ROE) of -167.9%. Negative ROE indicates the company is unprofitable.
Wearable Devices Ltd. (WLDS) had negative free cash flow of $15.4M in fiscal year 2024, likely due to heavy capital investments.
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Wearable Devices Ltd. (WLDS) financial analysis — history, returns, DCA and operating performance tools
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Dividend History
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Revenue History
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