Wearable Devices Ltd. (NASDAQ: WLDS), a technology growth company specializing in AI-powered touchless sensing wearables, has reported its financial results for the six months ended June 30, 2026. The company posted revenue of $350,000, up from $294,000 in the same period last year, driven by commercial sales of its Mudra Link and Mudra Band products. However, net loss widened to $5.5 million, or $3.50 per basic and diluted share, compared to a net loss of $3.7 million, or $20.71 per share, in the prior-year period. The increased loss was primarily due to investments in new initiatives, increased headcount, and other operating expenses.
During the first half of 2026, Wearable Devices advanced its Large MUAP Model (LMM), introduced new hardware architectures for physical AI and human-machine interaction, and released its Mudra Studio development platform. The company also continued to develop its ai6 Labs innovation engine and expand its patent portfolio. These initiatives underscore the company's commitment to pioneering human-computer interaction through its neural input touchless technology.
Wearable Devices operates through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations. Its consumer products, the Mudra Band and Mudra Link, enable touch-free, intuitive control of digital devices using gestures across multiple operating systems. These products are designed to enhance experiences in gaming, productivity, and extended reality (XR). In the business sector, the company provides enterprise partners with advanced input solutions for immersive and interactive environments, ranging from augmented reality (AR) and virtual reality (VR) to smart environments.
The company's advancements come at a time when the XR ecosystem is rapidly growing, and Wearable Devices is positioning itself to set the standard for neural input in this space. By integrating research, products, and AI breakthroughs through its ai6 Labs ecosystem, the company aims to shape the future of seamless, natural user experiences across some of the world's fastest-growing tech markets.
Investors and industry observers will be watching to see how these investments translate into future revenue growth and market adoption. The company's ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols "WLDS" and "WLDSW," respectively. For the latest news and updates, visit the company's newsroom at https://nnw.fm/WLDS.
The full press release is available at https://nnw.fm/Phdqt.
