Wearable Devices H1 2024 EPS $(0.21) Up From $(0.26) YoY; Revenue $394K Up From $12K YoY
Portfolio Pulse from Benzinga Newsdesk
Wearable Devices reported a significant increase in revenue for H1 2024, primarily from the sale of its Mudra Band for Apple Watch. Revenue rose to $394K from $12K YoY, while EPS improved to $(0.21) from $(0.26) YoY. However, net loss increased due to higher operating expenses.

September 23, 2024 | 12:33 pm
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Wearable Devices (WLDS) reported a significant revenue increase in H1 2024, driven by Mudra Band sales. Despite improved EPS, net loss rose due to higher operating expenses.
The significant increase in revenue from $12K to $394K indicates strong sales growth, particularly from the Mudra Band. This is a positive sign for investors, suggesting successful product adoption. The improvement in EPS from $(0.26) to $(0.21) also reflects better financial performance. However, the increase in net loss due to higher operating expenses may concern some investors, but the overall revenue growth and EPS improvement are likely to have a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100