Wearable Devices Ltd. (NASDAQ: WLDS), a technology company specializing in AI-powered touchless sensing wearables, reported its financial results for the first half of 2026, showing revenue growth driven by commercial sales of its Mudra Link and Mudra Band products. The company also highlighted significant advancements in its artificial intelligence initiatives, including the development of its Large MUAP Model (LMM) and the introduction of new hardware architectures.
For the six months ended June 30, 2026, Wearable Devices reported revenue of $350,000, up from $294,000 in the prior-year period, an increase of approximately 19%. However, the company’s 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 same period last year. The increased loss was primarily attributed to investments in new initiatives, higher headcount, and other operating expenses.
Despite the increased losses, the company is pushing forward with its strategic vision. During the first half of 2026, Wearable Devices advanced its Large MUAP Model, a foundational AI model designed to interpret neural signals. The company also introduced the Mudra Pro and Mudra Ultimate hardware architectures, aimed at applications in physical AI and human-machine interaction. Additionally, the release of the Mudra Studio development platform and the continued progress of its ai6 Labs innovation engine and patent portfolio underscore the company’s commitment to building a comprehensive ecosystem around its neural input technology.
Wearable Devices operates with a dual-channel model, combining direct-to-consumer sales with enterprise licensing and collaborations. The company’s products, including the Mudra Band and Mudra Link, enable touch-free control of digital devices through gestures, catering to sectors such as gaming, productivity, and extended reality (XR). In the enterprise space, the company provides advanced input solutions for immersive environments, ranging from augmented and virtual reality to smart environments.
The company’s focus on AI and neural input positions it within the rapidly growing market for brain-computer interfaces and XR technologies. By setting standards for neural input in the XR ecosystem, Wearable Devices aims to shape future user experiences across some of the fastest-growing tech sectors. The ai6 Labs ecosystem is central to this vision, integrating research, product development, and AI breakthroughs to accelerate innovation.
Investors and industry observers will be watching how Wearable Devices balances its investment phase with the need to achieve profitability. The company’s revenue growth, although modest, indicates market traction for its consumer products. The expansion into enterprise solutions and the development of advanced AI models could open new revenue streams in the long term.
For more information on Wearable Devices and its recent updates, visit the company’s newsroom at https://nnw.fm/WLDS. The full press release is available at https://nnw.fm/Phdqt.
