Wearable Devices (WLDSW) Financial Statements
Price: $2.3
Market Cap: $1.56M
Avg Volume: 17.89K
Market Cap: $1.56M
Avg Volume: 17.89K
Country: IL
Industry: Consumer Electronics
Sector: Technology
Industry: Consumer Electronics
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Wearable Devices.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Revenue | $522.00K | $82.00K | $45.00K | $142.00K | $57.00K | $242.00K |
| Cost of Revenue | $437.00K | $62.00K | $25.33K | $15.50K | $9.00K | $21.00K |
| Gross Profit | $85.00K | $20.00K | $19.67K | $126.50K | $48.00K | $221.00K |
| Gross Profit Ratio | 16.28% | 24.39% | 43.70% | 89.08% | 84.21% | 91.32% |
| Research and Development Expenses | $2.96M | $3.32M | $2.26M | $1.41M | $743.00K | $787.00K |
| General and Administrative Expenses | $2.85M | $2.88M | $1.95M | $628.00K | $174.00K | $218.00K |
| Selling and Marketing Expenses | $2.10M | $2.01M | $1.37M | $665.00K | $287.00K | $165.00K |
| Selling General and Administrative Expenses | $4.94M | $4.89M | $3.31M | $1.29M | $461.00K | $383.00K |
| Other Expenses | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $7.91M | $8.21M | $5.57M | $2.70M | $1.20M | $1.17M |
| Cost and Expenses | $8.34M | $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 | $107.00K | $68.00K | $23.00K | $11.00K | $7.00K | $7.00K |
| EBITDA | $-7.71M | $-8.12M | $-6.43M | $-2.60M | $-1.15M | $-942.00K |
| EBITDA Ratio | -1477.59% | -9900.00% | -14300.00% | -1833.10% | -2015.79% | -389.26% |
| Operating Income | $-7.82M | $-8.19M | $-5.55M | $-2.57M | $-1.16M | $-949.00K |
| Operating Income Ratio | -1498.08% | -9982.93% | -12342.22% | -1811.27% | -2028.07% | -392.15% |
| Total Other Income Expenses Net | $-52.00K | $372.00K | $-38.00K | $55.00K | $-102.00K | $-28.00K |
| Income Before Tax | $-7.87M | $-7.81M | $-6.50M | $-2.61M | $-1.26M | $-977.00K |
| Income Before Tax Ratio | -1508.05% | -9529.27% | -14435.56% | -1840.85% | -2207.02% | -403.72% |
| Income Tax Expense | $7.00K | $- | $-205.49K | $-225.56K | $-199.30K | $28.00K |
| Net Income | $-7.88M | $-7.81M | $-6.50M | $-2.61M | $-1.26M | $-1.00M |
| Net Income Ratio | -1509.39% | -9529.27% | -14435.56% | -1840.85% | -2207.02% | -415.29% |
| EPS | $-0.49 | $-0.48 | $-0.43 | $-0.23 | $-0.11 | $-0.09 |
| EPS Diluted | $-0.49 | $-0.48 | $-0.43 | $-0.23 | $-0.11 | $-0.09 |
| Weighted Average Shares Outstanding | 16.20M | 16.20M | 15.05M | 11.14M | 11.14M | 11.14M |
| Weighted Average Shares Outstanding Diluted | 16.20M | 16.20M | 15.05M | 11.14M | 11.14M | 11.14M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $3.09M | $810.00K | $10.37M | $1.27M | $475.00K | $1.58M |
| Short Term Investments | $862.00K | $4.04M | $- | $- | $- | $- |
| Cash and Short Term Investments | $3.95M | $4.86M | $10.37M | $1.27M | $475.00K | $1.58M |
| Net Receivables | $339.00K | $865.00K | $- | $8.00K | $68.00K | $6.00K |
| Inventory | $1.23M | $1.03M | $6.00K | $11.00K | $20.00K | $8.00K |
| Other Current Assets | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $5.52M | $6.75M | $10.98M | $1.40M | $563.00K | $1.59M |
| Property Plant Equipment Net | $460.00K | $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 | $- | $- | $-248.00K | $-43.00K | $- | $-12.00K |
| Total Non-Current Assets | $460.00K | $840.00K | $248.00K | $43.00K | $30.00K | $9.00K |
| Other Assets | $- | $- | $1 | $- | $- | $- |
| Total Assets | $5.98M | $7.59M | $11.22M | $1.45M | $593.00K | $1.60M |
| Account Payables | $157.00K | $410.00K | $156.00K | $72.00K | $32.00K | $73.00K |
| Short Term Debt | $1.06M | $297.00K | $136.00K | $- | $3.05M | $3.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $365.00K | $297.00K | $225.00K | $11.00K |
| Other Current Liabilities | $877.00K | $1.08M | $846.00K | $566.00K | $385.00K | $221.00K |
| Total Current Liabilities | $2.10M | $1.79M | $1.15M | $638.00K | $3.47M | $3.30M |
| Long Term Debt | $21.00K | $278.00K | $94.00K | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $21.00K | $278.00K | $94.00K | $- | $- | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.12M | $2.07M | $1.24M | $638.00K | $3.47M | $3.30M |
| Preferred Stock | $- | $- | $- | $- | $12.00K | $12.00K |
| Common Stock | $67.00K | $57.00K | $43.00K | $31.00K | $17.00K | $17.00K |
| Retained Earnings | $-29.10M | $-21.22M | $-13.41M | $-6.91M | $-4.30M | $-3.04M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $- | $-12.00K | $-12.00K |
| Other Total Stockholders Equity | $32.90M | $26.69M | $23.35M | $7.69M | $1.42M | $1.34M |
| Total Stockholders Equity | $3.86M | $5.53M | $9.98M | $807.00K | $-2.88M | $-1.70M |
| Total Equity | $3.86M | $5.53M | $9.98M | $807.00K | $-2.88M | $-1.70M |
| Total Liabilities and Stockholders Equity | $5.98M | $7.59M | $11.22M | $1.45M | $593.00K | $1.60M |
| Minority Interest | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.98M | $7.59M | $11.22M | $1.45M | $593.00K | $1.60M |
| Total Investments | $862.00K | $4.10M | $- | $- | $12.00K | $12.00K |
| Total Debt | $1.08M | $575.00K | $162.00K | $- | $3.05M | $3.00M |
| Net Debt | $-2.01M | $-235.00K | $-10.21M | $-1.27M | $2.58M | $1.42M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Net Income | $-7.88M | $-7.81M | $-6.50M | $-2.61M | $-1.26M | $-977.00K |
| Depreciation and Amortization | $107.00K | $68.00K | $23.00K | $11.00K | $7.00K | $7.00K |
| Deferred Income Tax | $- | $- | $-731.00K | $-291.00K | $-196.00K | $- |
| Stock Based Compensation | $182.00K | $241.00K | $790.00K | $299.00K | $67.00K | $148.00K |
| Change in Working Capital | $-267.00K | $-816.00K | $-31.00K | $181.00K | $39.00K | $291.00K |
| Accounts Receivables | $448.00K | $-54.00K | $16.00K | $-19.00K | $-62.00K | $90.00K |
| Inventory | $-269.00K | $-1.03M | $5.00K | $9.00K | $-12.00K | $13.00K |
| Accounts Payables | $-253.00K | $254.00K | $84.00K | $40.00K | $-41.00K | $47.00K |
| Other Working Capital | $-193.00K | $10.00K | $-136.00K | $151.00K | $154.00K | $141.00K |
| Other Non Cash Items | $244.00K | $-113.00K | $731.00K | $311.00K | $252.00K | $50.00K |
| Net Cash Provided by Operating Activities | $-7.61M | $-8.43M | $-5.71M | $-2.10M | $-1.09M | $-481.00K |
| Investments in Property Plant and Equipment | $-43.00K | $-194.00K | $-48.00K | $-36.00K | $-16.00K | $-1.00K |
| Acquisitions Net | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-4.05M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $3.24M | $- | $-18.00K | $- | $- | $- |
| Net Cash Used for Investing Activities | $3.20M | $-4.25M | $-66.00K | $-36.00K | $-16.00K | $-1.00K |
| Debt Repayment | $764.00K | $- | $- | $- | $- | $1.90M |
| Common Stock Issued | $5.93M | $1.67M | $14.82M | $2.93M | $- | $- |
| Common Stock Repurchased | $- | $- | $-100.00K | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $1.45M | $160.00K | $2.94M | $- | $- |
| Net Cash Used Provided by Financing Activities | $6.70M | $3.12M | $14.88M | $2.94M | $- | $1.90M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $2.28M | $-9.56M | $9.10M | $799.00K | $-1.10M | $1.42M |
| Cash at End of Period | $3.09M | $810.00K | $10.37M | $1.27M | $475.00K | $1.58M |
| Cash at Beginning of Period | $810.00K | $10.37M | $1.27M | $475.00K | $1.58M | $162.00K |
| Operating Cash Flow | $-7.61M | $-8.43M | $-5.71M | $-2.10M | $-1.09M | $-481.00K |
| Capital Expenditure | $-43.00K | $-194.00K | $-48.00K | $-36.00K | $-16.00K | $-1.00K |
| Free Cash Flow | $-7.66M | $-8.63M | $-5.76M | $-2.14M | $-1.10M | $-482.00K |