Wearable Devices Ltd. (WLDS)
Key Statistics
| Latest Price | $0.47 |
|---|---|
| Market Cap | $7.49M |
| Price Change ($) | $-0.02 |
| Price Change (%) | -4.20% |
| Volume | 1.23M |
| Shares Outstanding | 15.94M |
| P/E Ratio | -1.15 |
| EPS | $-0.41 |
WLDS Chart
Description
Wearable Devices Ltd. engages in developing a non-invasive neural input interface for controlling digital devices using subtle finger movements. The company offers Mudra Inspire development kits that enables users to control digital devices through finger movements and hand gestures. These digital devices include consumer electronics, smart watches, smartphones, augmented reality glasses, virtual reality headsets, televisions, personal computers and laptop computers, drones, robots, etc. It serves consumer electronics companies, industrial companies, information technology and software solutions providers, software development studios, and academia and research universities, as well as consumers from B2C market. The company was incorporated in 2014 and is based in Yokneam Illit, Israel.
About
CEO: Mr. Asher Dahan
Exchange: NASDAQ
Sector: Technology
Industry: Consumer Electronics
Employees: -0.00B
Address: 2 Ha-Ta’asiya St., Yokneam Illit, None, IL
Website: Wearable Devices Ltd.
WLDS News
Wearable Devices Successfully Demonstrated First Level Integration of Mudra Technology with Qualcomm Snapdragon Spaces
The Integration solves major camera-based hand tracking limitations such as accuracy, power and field of view , which are critical for mass adoption of Augmented and Virtual Reality
globenewswire.com
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Wearable Devices Shows Positive Results on Lenovo's XR Headset Using its Mudra Technology
The demonstration was presented for the first time to a large and diverse audience at the Augmented World Expo (AWE) 2024, showcasing cutting-edge integration and innovation in extended reality
globenewswire.com
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Wearable Devices to Unveil its XR Integration with Qualcomm at AWE 2024
Attendees of AWE 2024 can book appointments to experience a live demonstration of the integrated technology at the Qualcomm AWE booth
globenewswire.com
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Wearable Devices to Demonstrate First Phase Integration of Mudra Technology with Qualcomm Snapdragon Spaces
The Integration solves most of the camera-based hand tracking limitations required by the industry for mass adoption of Augmented and Virtual Reality
globenewswire.com
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Wearable Devices Announces $10 Million Standby Equity Purchase Agreement
YOKNEAM ILLIT, ISRAEL, June 07, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, announced that it has entered into a Standby Equity Purchase Agreement (the “SEPA”), with YA II PN, Ltd. (“YA”), a fund managed by Yorkville Advisors Global, LP. Pursuant to the terms of the SEPA, YA is committed to purchase up to $10 million (the “Commitment Amount”), of the Company's ordinary shares at any time during the three-year period following the execution date of the SEPA. The purchase price of the ordinary shares sold to YA will be at a 3% discount of the lowest daily volume weighted average price of the Company's ordinary shares during the three consecutive trading day period commencing on the trading day of the delivery of an advance notice by the Company.
globenewswire.com
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Wearable Devices XR Team's Report: The Mudra's Neural Technology to Power Future XR Devices
The comprehensive review highlights Mudra Band's precision in fingertip pressure measurement, revolutionizing interaction with Apple Vision Pro and Meta Quest 3
globenewswire.com
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Wearable Devices Delivered Custom Touchless Technology for a Leading Global Defense Company
The solution is part of a p roof of c oncept conducted for a leading global defense company, developed in collaboration to create gesture technologies for defense applications using silent activation
globenewswire.com
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Wearable Devices Ltd. Secures Patent for its AI Gesture-Controlled Interface in China
The new granted patent broadens Wearable Devices global patents portfolio to the Eastern markets YOKNEAM ILLIT, ISRAEL, May 16, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in touchless sensing wearables powered by artificial intelligence (“AI”), announced that the China National Intellectual Property Administration granted its patent application, No.
globenewswire.com
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Wearable Devices Invited to Present its Gesture Control Technology to Samsung's Senior Management in South Korea
YOKNEAM ILLIT, ISRAEL, May 02, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, is proud to announce its selection to present at the Samsung Global Sourcing Fair 2024 in Suwon, South Korea taking place at the end of May. This prestigious invitation provides a significant platform for Wearable Devices to showcase its innovative technology directly to Samsung's senior management and key global stakeholders.
globenewswire.com
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Wearable Devices and Webidoo Join Forces for Mudra Band's Retail Rollout
YOKNEAM ILLIT, ISRAEL, April 30, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, announces a collaboration with Webidoo, through Webidoo Store, an experience retail store in Milano, Italy, showcasing the latest in technology, innovation and gadgets. In this collaboration, the Mudra Band will be featured in Webidoo Store's offering customers the unique opportunity to experience and assess the product firsthand. Concurrently, for those who favor the convenience of digital shopping, the Mudra Band will also be made available through Webidoo's online store, ensuring a comprehensive purchasing option for all consumers.
globenewswire.com
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Wearable Devices Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Requirement
No Immediate Effect on Nasdaq Listing or Trading of the Company's Ordinary Shares YOKNEAM ILLIT, ISRAEL, April 24, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company developing AI-powered touchless sensing wearables, today announced that it has received a notification letter from Nasdaq Stock Market LLC (“Nasdaq”) that the Company has been granted an additional 180-day compliance period, or until October 21, 2024, to regain compliance with Nasdaq's minimum bid price rule.
globenewswire.com
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Mudra Band Upgrades Mac Computers' User Experience with AI Gesture Mouse Allowing Natural Effortless Navigation
YOKNEAM ILLIT, ISRAEL, April 17, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, is proud to announce a significant breakthrough in digital interaction with the latest updates to the Mudra Band. At the heart of these updates is the introduction of a new AI gesture mouse for Mac computers, a feature set to redefine user interaction within the Apple ecosystem.
globenewswire.com
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Wearable Devices Signs Reseller Agreement to Scale its Licensing Program Reach to Enterprises in South Korea and China
YOKNE'AM ILLIT, Israel, April 01, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, is pleased to announce the signing of a reseller agreement with WisePlus, a premier provider of device software solutions. This collaboration aims to scale the Company's licensing program reach by enabling local, on-site support and customization for enterprises in the markets of South Korea and China, tapping into WisePlus' extensive network and expertise in these regions.
globenewswire.com
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Wearable Devices XR Team's Report: The Mudra Band Can Be the Neural Bridge for Apple and Meta in their Next Wave of Smart Glasses Interaction
The report notes Mark Zuckerberg addressed the Apple Vision Pro sensors saying "perfect for everything though for typing or complex tasks you're going to want things like hands or a controller or eventually a neural interface"
globenewswire.com
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Wearable Devices Announces Full Year 2023 Financial Results and Provides Corporate Update
YOKNE'AM ILLIT, Israel, March 15, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (“Wearable Devices” or the “Company”), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced its financial results for the year ended December 31, 2023.
globenewswire.com
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Wearable Devices Teams up with Qualcomm to Elevate Extended Reality Experience
This Collaboration Aims to Transform XR Industry Using the Mudra's Touchless Control Technology YOKNEAM ILLIT, ISRAEL, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced a collaboration agreement with Qualcomm Technologies, Inc. This collaboration will help those looking to use Wearable Devices' innovative Mudra technology when developing products using the Qualcomm Snapdragon Spaces™ XR Developer Platform, redefining interaction in augmented reality (“AR”) and virtual reality (“VR”) environments.
globenewswire.com
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Wearable Devices to Showcase Its Neural Gesture Control Technology at MWC Barcelona 2024
The Company will demonstrate its Mudra Developer Kit for B2B partners as well as the Mudra Band for Apple Watch users YOKNEAM ILLIT, ISRAEL, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (AI)-powered touchless sensing wearables, today announced its participation at MWC Barcelona 2024, the world's most influential exhibition for the connectivity and security ecosystem, where they will demonstrate neural gesture input technology targeting the B2B and B2C markets.
globenewswire.com
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Wearable Devices Signs an Agreement with Qualcomm to Collaborate in Elevating XR Experiences with Mudra Neural Technology
This Collaboration Aims to Transform XR Industry with Touchless Control YOKNEAM ILLIT, ISRAEL, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, today announced a collaboration agreement with Qualcomm Technologies, Inc. This collaboration will help those looking to use Wearable Devices' innovative Mudra technology when developing products using the Qualcomm Snapdragon Spaces™ XR Developer Platform, redefining interaction in augmented reality (“AR”) and virtual reality (“VR”) environments.
globenewswire.com
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Wearable Devices Targets Apple Vision Pro for Mudra Band Integration For Intuitive Real Object Interaction
YOKNEAM ILLIT, ISRAEL, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, today announced that as part of its business strategy to offer the Mudra Band's users more intuitive ways to interact with their devices in the Apple ecosystem, the Company decided to explore compatibility between its flagship product, the Mudra Band, and the newly launched Apple Vision Pro.
globenewswire.com
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Wearable Devices Introduces New Revolutionary "Spatial Depth" Control in Latest Air Mouse Innovation
- The Company unveiled the new Air-Touch innovative feature, exceedingly advantageous for the demands of spatial computing, in CES 2024 -
globenewswire.com
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Wearable Devices to Demonstrate Spatial Computing Interaction for Smart Glasses at SPIE AR VR MR 2024
- The Company will present various interaction functionalities to control smart glasses and digital devices, which can be easily integrated using the Mudra Development Kit -
globenewswire.com
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Wearable Devices: The Mudra Band Featured by Leading Tech Magazines, Mashable and VentureBeat
YOKNEAM ILLIT, ISRAEL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (AI)-powered touchless sensing wearables, is pleased to conclude a successful exhibition at CES 2024. The Company and its flagship product, the Mudra Band , enjoyed a high rate of interest and engagement.
globenewswire.com
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Wearable Devices Releases Mudra Developer Kit for Its Gesture Control Technology
YOKNEAM ILLIT, ISRAEL, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (AI)-powered touchless sensing wearables, today announced the launch of the Mudra Developer Kit (MDK), a pioneering technology in wristband neural gesture control, set to redefine how we interact with our devices.
globenewswire.com
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Wearable Devices Signed an Agreement With Leading Global Defense Company to Design a Proof Of Concept for Touchless Technology for Defense Grade Use
This collaboration aims to adapt Wearable Devices' neural gesture technology for defense requirements, especially in situations where silent activation is crucial
globenewswire.com
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Wearable Devices Expands in North America, Bringing AI-Powered Wearables to Silicon Valley
The new Silicon Valley office is set to become a hub of innovation and customer engagement
globenewswire.com
Read MoreAnnual Income Statement
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Revenue | $82.00K | $45.00K | $142.00K | $57.00K | $242.00K |
| Cost of Revenue | $130.00K | $25.33K | $15.50K | $9.00K | $21.00K |
| Gross Profit | $-48.00K | $19.67K | $126.50K | $48.00K | $221.00K |
| Gross Profit Ratio | -58.54% | 43.70% | 89.08% | 84.21% | 91.32% |
| Research and Development Expenses | $3.32M | $2.26M | $1.41M | $743.00K | $787.00K |
| General and Administrative Expenses | $2.88M | $1.95M | $628.00K | $174.00K | $218.00K |
| Selling and Marketing Expenses | $2.01M | $1.37M | $665.00K | $287.00K | $165.00K |
| Selling General and Administrative Expenses | $4.82M | $3.31M | $1.29M | $461.00K | $383.00K |
| Other Expenses | $- | $- | $- | $- | $- |
| Operating Expenses | $8.14M | $5.57M | $2.70M | $1.20M | $1.17M |
| Cost and Expenses | $8.27M | $5.60M | $2.71M | $1.21M | $1.19M |
| Interest Income | $372.00K | $38.00K | $55.00K | $102.00K | $28.00K |
| Interest Expense | $- | $38.00K | $- | $102.00K | $28.00K |
| Depreciation and Amortization | $68.00K | $23.00K | $11.00K | $7.00K | $7.00K |
| EBITDA | $-8.12M | $-5.53M | $-2.56M | $-1.15M | $-942.00K |
| EBITDA Ratio | -9900.00% | -12291.11% | -1803.52% | -2015.79% | -389.26% |
| Operating Income | $-8.19M | $-5.55M | $-2.57M | $-1.16M | $-949.00K |
| Operating Income Ratio | -9982.93% | -12342.22% | -1811.27% | -2028.07% | -392.15% |
| Total Other Income Expenses Net | $372.00K | $-942.00K | $-42.00K | $-102.00K | $-28.00K |
| Income Before Tax | $-7.81M | $-6.50M | $-2.61M | $-1.26M | $-977.00K |
| Income Before Tax Ratio | -9529.27% | -14435.56% | -1840.85% | -2207.02% | -403.72% |
| Income Tax Expense | $- | $- | $- | $- | $28.00K |
| Net Income | $-7.81M | $-6.50M | $-2.61M | $-1.26M | $-1.00M |
| Net Income Ratio | -9529.27% | -14435.56% | -1840.85% | -2207.02% | -415.29% |
| EPS | $-0.48 | $-0.43 | $-0.23 | $-0.11 | $-0.09 |
| EPS Diluted | $-0.48 | $-0.43 | $-0.23 | $-0.11 | $-0.09 |
| Weighted Average Shares Outstanding | 16.20M | 15.05M | 11.14M | 11.14M | 11.14M |
| Weighted Average Shares Outstanding Diluted | 16.20M | 15.05M | 11.14M | 11.14M | 11.14M |
| SEC Filing | Source | Source | Source | Source | Source |
Quarterly Income Statement
| Breakdown | 2023-12-31 | 2023-06-30 | 2022-12-31 | 2022-06-30 | 2021-12-31 | 2021-06-30 | 2020-12-31 | 2020-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $70.00K | $12.00K | $17.00K | $28.00K | $35.00K | $107.00K | $23.00K | $34.00K |
| Cost of Revenue | $104.00K | $26.00K | $13.00K | $16.00K | $10.00K | $7.00K | $5.00K | $4.00K |
| Gross Profit | $-34.00K | $-14.00K | $4.00K | $12.00K | $25.00K | $100.00K | $18.00K | $30.00K |
| Gross Profit Ratio | -48.57% | -116.67% | 23.53% | 42.86% | 71.43% | 93.46% | 78.26% | 88.24% |
| Research and Development Expenses | $1.76M | $1.56M | $1.32M | $944.00K | $1.02M | $388.00K | $277.00K | $466.00K |
| General and Administrative Expenses | $1.43M | $1.45M | $1.36M | $587.00K | $440.00K | $188.00K | $80.00K | $94.00K |
| Selling and Marketing Expenses | $958.00K | $1.05M | $899.00K | $471.00K | $535.00K | $130.00K | $133.00K | $154.00K |
| Selling General and Administrative Expenses | $2.34M | $2.48M | $2.26M | $1.05M | $968.00K | $318.00K | $213.00K | $248.00K |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $4.10M | $4.04M | $3.58M | $1.99M | $1.99M | $706.00K | $490.00K | $714.00K |
| Cost and Expenses | $4.20M | $4.07M | $3.59M | $2.01M | $2.00M | $713.00K | $495.00K | $718.00K |
| Interest Income | $214.00K | $158.00K | $38.00K | $2.00K | $89.00K | $34.00K | $31.00K | $71.00K |
| Interest Expense | $- | $- | $40.00K | $- | $- | $34.00K | $31.00K | $71.00K |
| Depreciation and Amortization | $45.00K | $23.00K | $12.00K | $11.00K | $7.00K | $4.00K | $4.00K | $3.00K |
| EBITDA | $-4.09M | $-4.03M | $-3.56M | $-1.97M | $-1.96M | $-602.00K | $-468.00K | $-681.00K |
| EBITDA Ratio | -5838.57% | -33591.66% | -20958.82% | -7028.57% | -5597.14% | -562.62% | -2034.78% | -2002.94% |
| Operating Income | $-4.13M | $-4.05M | $-3.58M | $-1.98M | $-1.97M | $-606.00K | $-472.00K | $-684.00K |
| Operating Income Ratio | -5902.86% | -33783.33% | -21029.41% | -7067.86% | -5617.14% | -566.36% | -2052.17% | -2011.76% |
| Total Other Income Expenses Net | $214.00K | $158.00K | $-870.00K | $-72.00K | $-8.00K | $-34.00K | $-31.00K | $-71.00K |
| Income Before Tax | $-3.92M | $-3.90M | $-4.45M | $-2.05M | $-1.97M | $-640.00K | $-503.00K | $-755.00K |
| Income Before Tax Ratio | -5597.14% | -32466.67% | -26147.06% | -7325.00% | -5640.00% | -598.13% | -2186.96% | -2220.59% |
| Income Tax Expense | $- | $-0.00B | $- | $- | $- | $- | $- | $- |
| Net Income | $-3.92M | $-3.90M | $-4.45M | $-2.05M | $-1.97M | $-640.00K | $-503.00K | $-755.00K |
| Net Income Ratio | -5597.14% | -32466.67% | -26147.06% | -7325.00% | -5640.00% | -598.13% | -2186.96% | -2220.59% |
| EPS | $-0.23 | $-0.26 | $-0.30 | $-0.18 | $-0.18 | $-0.06 | $-0.05 | $-0.07 |
| EPS Diluted | $-0.23 | $-0.26 | $-0.30 | $-0.18 | $-0.18 | $-0.06 | $-0.05 | $-0.07 |
| Weighted Average Shares Outstanding | 17.27M | 15.25M | 15.05M | 11.14M | 11.14M | 11.14M | 11.14M | 11.14M |
| Weighted Average Shares Outstanding Diluted | 17.27M | 15.25M | 15.05M | 11.14M | 11.14M | 11.14M | 11.14M | 11.14M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $810.00K | $10.37M | $1.27M | $475.00K | $1.58M |
| Short Term Investments | $4.04M | $- | $- | $- | $- |
| Cash and Short Term Investments | $4.86M | $10.37M | $1.27M | $475.00K | $1.58M |
| Net Receivables | $108.00K | $54.00K | $70.00K | $68.00K | $6.00K |
| Inventory | $1.03M | $6.00K | $11.00K | $20.00K | $8.00K |
| Other Current Assets | $757.00K | $543.00K | $47.00K | $68.00K | $6.00K |
| Total Current Assets | $6.75M | $10.98M | $1.40M | $563.00K | $1.59M |
| Property Plant Equipment Net | $786.00K | $248.00K | $43.00K | $18.00K | $9.00K |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $54.00K | $- | $- | $12.00K | $12.00K |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $--0.00B | $-248.00K | $-43.00K | $- | $-12.00K |
| Total Non-Current Assets | $840.00K | $248.00K | $43.00K | $30.00K | $9.00K |
| Other Assets | $-0.00B | $-0.00B | $- | $- | $- |
| Total Assets | $7.59M | $11.22M | $1.45M | $593.00K | $1.60M |
| Account Payables | $410.00K | $156.00K | $72.00K | $32.00K | $73.00K |
| Short Term Debt | $297.00K | $68.00K | $- | $3.05M | $3.00M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $312.00K | $365.00K | $297.00K | $225.00K | $11.00K |
| Other Current Liabilities | $769.00K | $561.00K | $269.00K | $160.00K | $221.00K |
| Total Current Liabilities | $1.79M | $1.15M | $638.00K | $3.47M | $3.30M |
| Long Term Debt | $278.00K | $94.00K | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $--0.00B | $- | $- | $- | $- |
| Total Non-Current Liabilities | $278.00K | $94.00K | $- | $- | $- |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $2.07M | $1.24M | $638.00K | $3.47M | $3.30M |
| Preferred Stock | $- | $- | $- | $12.00K | $12.00K |
| Common Stock | $57.00K | $43.00K | $31.00K | $17.00K | $17.00K |
| Retained Earnings | $-21.22M | $-13.41M | $-6.91M | $-4.30M | $-3.04M |
| Accumulated Other Comprehensive Income Loss | $- | $-0.00B | $- | $-12.00K | $-12.00K |
| Other Total Stockholders Equity | $26.69M | $23.35M | $7.69M | $1.41M | $1.33M |
| Total Stockholders Equity | $5.53M | $9.98M | $807.00K | $-2.88M | $-1.70M |
| Total Equity | $5.53M | $9.98M | $807.00K | $-2.88M | $-1.70M |
| Total Liabilities and Stockholders Equity | $7.59M | $11.22M | $1.45M | $593.00K | $1.60M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $7.59M | $11.22M | $1.45M | $593.00K | $1.60M |
| Total Investments | $4.10M | $- | $- | $12.00K | $12.00K |
| Total Debt | $575.00K | $162.00K | $- | $3.05M | $3.00M |
| Net Debt | $-235.00K | $-10.21M | $-1.27M | $2.58M | $1.42M |
Quarterly Balance Sheet
| Breakdown | 2023-12-31 | 2023-06-30 | 2022-12-31 | 2022-06-30 | 2021-12-31 | 2021-06-30 | 2020-12-31 | 2020-06-30 |
|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $810.00K | $5.95M | $10.37M | $320.00K | $1.27M | $2.90M | $475.00K | $- |
| Short Term Investments | $4.04M | $2.00M | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $4.86M | $7.96M | $10.37M | $320.00K | $1.27M | $2.90M | $475.00K | $- |
| Net Receivables | $108.00K | $83.00K | $54.00K | $72.00K | $70.00K | $216.00K | $68.00K | $- |
| Inventory | $1.03M | $12.00K | $6.00K | $8.00K | $11.00K | $15.00K | $20.00K | $- |
| Other Current Assets | $757.00K | $637.00K | $543.00K | $18.00K | $47.00K | $216.00K | $68.00K | $- |
| Total Current Assets | $6.75M | $8.69M | $10.98M | $418.00K | $1.40M | $3.13M | $563.00K | $- |
| Property Plant Equipment Net | $786.00K | $628.00K | $248.00K | $72.00K | $43.00K | $28.00K | $18.00K | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $54.00K | $52.00K | $- | $- | $- | $12.00K | $12.00K | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $--0.00B | $-680.00K | $-248.00K | $25.00K | $-43.00K | $- | $- | $- |
| Total Non-Current Assets | $840.00K | $680.00K | $248.00K | $97.00K | $43.00K | $40.00K | $30.00K | $- |
| Other Assets | $-0.00B | $-0.00B | $-0.00B | $- | $- | $- | $- | $- |
| Total Assets | $7.59M | $9.37M | $11.22M | $515.00K | $1.45M | $3.17M | $593.00K | $- |
| Account Payables | $410.00K | $112.00K | $156.00K | $88.00K | $72.00K | $50.00K | $32.00K | $- |
| Short Term Debt | $297.00K | $271.00K | $68.00K | $25.00K | $- | $-0.00B | $3.05M | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $312.00K | $373.00K | $365.00K | $307.00K | $297.00K | $329.00K | $225.00K | $- |
| Other Current Liabilities | $769.00K | $770.00K | $561.00K | $963.00K | $269.00K | $244.00K | $160.00K | $- |
| Total Current Liabilities | $1.79M | $1.53M | $1.15M | $1.38M | $638.00K | $623.00K | $3.47M | $- |
| Long Term Debt | $278.00K | $202.00K | $94.00K | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $--0.00B | $--0.00B | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $278.00K | $202.00K | $94.00K | $- | $- | $- | $- | $- |
| Other Liabilities | $- | $-0.00B | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.07M | $1.73M | $1.24M | $1.38M | $638.00K | $623.00K | $3.47M | $- |
| Preferred Stock | $- | $- | $- | $-0.00B | $- | $- | $- | $- |
| Common Stock | $57.00K | $46.00K | $43.00K | $31.00K | $31.00K | $31.00K | $17.00K | $- |
| Retained Earnings | $-21.22M | $-17.30M | $-13.41M | $-8.96M | $-6.91M | $-4.94M | $-4.30M | $- |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0.00B | $-0.00B | $- | $- | $- | $- |
| Other Total Stockholders Equity | $26.69M | $24.90M | $23.35M | $8.06M | $7.69M | $7.45M | $1.41M | $- |
| Total Stockholders Equity | $5.53M | $7.64M | $9.98M | $-868.00K | $807.00K | $2.54M | $-2.88M | $- |
| Total Equity | $5.53M | $7.64M | $9.98M | $-868.00K | $807.00K | $2.54M | $-2.88M | $- |
| Total Liabilities and Stockholders Equity | $7.59M | $9.37M | $11.22M | $515.00K | $1.45M | $3.17M | $593.00K | $- |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $7.59M | $9.37M | $11.22M | $515.00K | $1.45M | $3.17M | $593.00K | $- |
| Total Investments | $4.10M | $2.06M | $- | $- | $- | $12.00K | $12.00K | $- |
| Total Debt | $575.00K | $473.00K | $162.00K | $25.00K | $- | $- | $3.05M | $- |
| Net Debt | $-235.00K | $-5.48M | $-10.21M | $-295.00K | $-1.27M | $-2.90M | $2.58M | $- |
Annual Cash Flow Statement
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Net Income | $-7.81M | $-6.50M | $-2.61M | $-1.26M | $-977.00K |
| Depreciation and Amortization | $68.00K | $23.00K | $11.00K | $7.00K | $7.00K |
| Deferred Income Tax | $-1.20M | $-731.00K | $-291.00K | $-196.00K | $- |
| Stock Based Compensation | $241.00K | $790.00K | $299.00K | $67.00K | $148.00K |
| Change in Working Capital | $-816.00K | $-31.00K | $181.00K | $39.00K | $291.00K |
| Accounts Receivables | $-54.00K | $16.00K | $-19.00K | $-62.00K | $90.00K |
| Inventory | $-1.03M | $5.00K | $9.00K | $-12.00K | $13.00K |
| Accounts Payables | $254.00K | $84.00K | $40.00K | $-41.00K | $47.00K |
| Other Working Capital | $10.00K | $-136.00K | $151.00K | $154.00K | $141.00K |
| Other Non Cash Items | $1.09M | $731.00K | $311.00K | $252.00K | $50.00K |
| Net Cash Provided by Operating Activities | $-8.43M | $-5.71M | $-2.10M | $-1.09M | $-481.00K |
| Investments in Property Plant and Equipment | $-194.00K | $-48.00K | $-36.00K | $-16.00K | $-1.00K |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-4.05M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-4.05M | $-18.00K | $- | $- | $- |
| Net Cash Used for Investing Activities | $-4.25M | $-66.00K | $-36.00K | $-16.00K | $-1.00K |
| Debt Repayment | $- | $-800.00K | $- | $- | $-1.90M |
| Common Stock Issued | $3.12M | $14.88M | $2.93M | $- | $- |
| Common Stock Repurchased | $- | $-100.00K | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $3.12M | $14.88M | $12.00K | $- | $3.80M |
| Net Cash Used Provided by Financing Activities | $3.12M | $14.88M | $2.94M | $- | $1.90M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-9.56M | $9.10M | $799.00K | $-1.10M | $1.42M |
| Cash at End of Period | $810.00K | $10.37M | $1.27M | $475.00K | $1.58M |
| Cash at Beginning of Period | $10.37M | $1.27M | $475.00K | $1.58M | $162.00K |
| Operating Cash Flow | $-8.43M | $-5.71M | $-2.10M | $-1.09M | $-481.00K |
| Capital Expenditure | $-194.00K | $-48.00K | $-36.00K | $-16.00K | $-1.00K |
| Free Cash Flow | $-8.63M | $-5.76M | $-2.14M | $-1.10M | $-482.00K |
Quarterly Cash Flow Statement
| Breakdown | 2023-12-31 | 2023-06-30 | 2022-12-31 | 2022-06-30 | 2021-12-31 | 2021-06-30 | 2020-12-31 | 2020-06-30 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $-3.92M | $-3.90M | $-4.45M | $-2.05M | $-1.97M | $-640.00K | $-503.00K | $-755.00K |
| Depreciation and Amortization | $45.00K | $23.00K | $12.00K | $11.00K | $7.00K | $4.00K | $4.00K | $3.00K |
| Deferred Income Tax | $- | $-234.00K | $-350.00K | $-381.00K | $-96.00K | $-195.00K | $20.00K | $-216.00K |
| Stock Based Compensation | $132.00K | $109.00K | $414.00K | $376.00K | $237.00K | $62.00K | $25.00K | $42.00K |
| Change in Working Capital | $-861.00K | $45.00K | $-256.00K | $225.00K | $119.00K | $62.00K | $300.00K | $-261.00K |
| Accounts Receivables | $-25.00K | $-29.00K | $18.00K | $-2.00K | $129.00K | $-148.00K | $37.00K | $-99.00K |
| Inventory | $-1.02M | $-6.00K | $2.00K | $3.00K | $4.00K | $5.00K | $3.00K | $-15.00K |
| Accounts Payables | $298.00K | $-44.00K | $68.00K | $16.00K | $22.00K | $18.00K | $13.00K | $-54.00K |
| Other Working Capital | $-114.00K | $124.00K | $-344.00K | $208.00K | $-36.00K | $187.00K | $247.00K | $-93.00K |
| Other Non Cash Items | $856.00K | $234.00K | $350.00K | $381.00K | $-1.00K | $21.00K | $28.00K | $28.00K |
| Net Cash Provided by Operating Activities | $-4.71M | $-3.72M | $-4.28M | $-1.44M | $-1.61M | $-491.00K | $-146.00K | $-943.00K |
| Investments in Property Plant and Equipment | $-101.00K | $-93.00K | $-33.00K | $-15.00K | $-22.00K | $-14.00K | $-1.00K | $-15.00K |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-2.00M | $-2.06M | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-2.00M | $-2.06M | $-18.00K | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-2.10M | $-2.15M | $-51.00K | $-15.00K | $-22.00K | $-14.00K | $-1.00K | $-15.00K |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $1.67M | $1.45M | $14.88M | $- | $- | $2.93M | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $1.67M | $1.45M | $-500.00K | $500.00K | $12.00K | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $1.67M | $1.45M | $14.38M | $500.00K | $12.00K | $2.93M | $- | $- |
| Effect of Forex Changes on Cash | $- | $10.37M | $-10.37M | $1.27M | $-1.27M | $475.00K | $- | $- |
| Net Change in Cash | $-5.14M | $-4.42M | $10.05M | $-954.00K | $-1.62M | $2.42M | $-147.00K | $-958.00K |
| Cash at End of Period | $810.00K | $5.95M | $10.37M | $320.00K | $1.27M | $2.90M | $475.00K | $622.00K |
| Cash at Beginning of Period | $5.95M | $10.37M | $320.00K | $1.27M | $2.90M | $475.00K | $622.00K | $1.58M |
| Operating Cash Flow | $-4.71M | $-3.72M | $-4.28M | $-1.44M | $-1.61M | $-491.00K | $-146.00K | $-943.00K |
| Capital Expenditure | $-101.00K | $-93.00K | $-33.00K | $-15.00K | $-22.00K | $-14.00K | $-1.00K | $-15.00K |
| Free Cash Flow | $-4.82M | $-3.81M | $-4.31M | $-1.45M | $-1.63M | $-505.00K | $-147.00K | $-958.00K |
Coming soon...
Dividend Yield
0.00%
Dividend Payout Ratio
0.00x
Dividend Paid & Capex Coverage Ratio
43.47x
Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|
Key Metrics
Financial Ratios
| Price to Earnings Ratio | -0.71x |
|---|---|
| Price to Book Ratio | 1.01x |
| Current Ratio | 3.78x |
| Quick Ratio | 2.78x |
| Cash Ratio | 0.45x |
| Debt to Equity | 0.10x |
| Return on Invested Capital | -1.34x |
| Return on Equity | -1.41x |
| Return on Assets | -1.03x |
Key Metrics
| Enterprise Value | $5.34M |
|---|---|
| Revenue Per Share | $0.01 |
| Net Income Per Share | $-0.48 |
| Operating Cash Flow Per Share | $-0.52 |
| Free Cash Flow Per Share | $-0.53 |
| Cash Per Share | $0.30 |
| Gross Profit Margin | -0.59% |
| Operating Profit Margin | -99.83% |
| Net Profit Margin | -1.41% |
Financial Growth
| Revenue Growth | 0.82% |
|---|---|
| Gross Profit Growth | -3.44% |
| EPS Growth | -0.12% |
| EBIT Growth | -0.47% |
| Operating Income Growth | -0.47% |
| Revenue Growth | 0.82% |
| Net Income Growth | -0.20% |
| Dividend Per Share Growth | 0.00% |
| Free Cash Flow Growth | -0.50% |
Coming soon...
Data provided by IEX Cloud & Financial Modeling Prep
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