Wearable Devices reports $394k in revenue and $4.2 million net loss for first half 2024.

From GlobeNewswire: 2024-09-23 08:30:00

Wearable Devices Ltd. announced financial results for the first half of 2024, with revenues reaching $394 thousand and a net loss of $4.2 million primarily due to increased operating expenses. The company introduced new features for its Mudra Band, like touchless gesture control for Apple Watch and integration with ChatGPT. Wearable Devices also announced the launch of Mudra Link, allowing Android users to interact with AI through predefined gestures and voice commands. The company expanded its market potential by supporting Apple Vision Pro and signed collaborations with Qualcomm for elevated extended reality experiences. Wearable Devices recognizes revenue from the sale of Mudra Band for Apple Watch and expects to reach a broader audience with the launch of Mudra Link, targeting iOS, Android, Windows, and macOS users. The company is investing in research and development to be a leader in the wearables industry.



Read more at GlobeNewswire:: Wearable Devices Announces First Half 2024 Financial