By Stephen Nakrosis

Shares of Wearable Devices soared after the company said its loss on a per share basis narrowed in the first half of this year.

The stock climbed 121% to $2.25 a share following the market's close on Tuesday. The Israel-based company ended the regular session down 1% at $1.02. Through the close shares have plunged 88% this year.

Wearable reported a first-half loss of $3.7 million, or $2.30 per share, down from $4.2 million and $16.52 per share in the same period a year ago.

In October, the company disclosed plans for a 1-for-20 reverse stock split, which reduced the number of shares outstanding to 1.2 million from about 24 million. Wearable now has 1.03 million shares outstanding and a public float of 964,595 shares.

Revenue in the first half declined to $294,000 from $394,000 a year ago, the company said.

Wearable's flagship device, the Mudra Band, allows Apple Watch users to interact with their watchband using hand gestures. The company also offers the Mudra Link, which lets users control linked devices with hand gestures.

Last month, the company said it was starting a project to advance human-machine interfaces for military applications.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

September 09, 2025 18:30 ET (22:30 GMT)

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