Wearable Devices Ltd. Reports Decrease in Revenue to $294K for First Half of 2025, Down from $394K in 2024; Posts Comprehensive Loss with Increased R&D and Marketing Expenses
Wearable Devices Ltd., a company specializing in human-machine interface solutions for the smart wearables industry, reported its financial results for the six months ended June 30, 2025. The company recorded revenues of $294,000, compared to $394,000 during the same period in 2024, reflecting a decrease in sales. The interim condensed consolidated statements of comprehensive loss indicated significant expenses, including a cost of revenues of $272,000 and an impairment of product sales inventory amounting to $175,000. Research and development expenses were reported at $1.466 million, while sales and marketing expenses totaled $919,000. General and administrative expenses were $1.22 million. The comprehensive loss reflects the company's status as being in its development stage and at an early stage of generating revenues. The company's ordinary shares and warrants began trading on the Nasdaq Capital Market on September 13, 2022. No specific guidance or outlook has been provided in the current financial statement.
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