Wearable Devices Ltd.
WLDS Technology Consumer Electronics
Wearable Devices Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $647,000.00, up 23.9% from fiscal 2024. Revenue growth for three consecutive years.
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Wearable Devices Ltd. (WLDS) Beneish M-score
Wearable Devices Ltd.'s Beneish M-score for fiscal 2025 cannot be worked out: gross margin index cannot be worked out.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2024 | 1.35 | 0.46 |
| FY2023 | 0.90 | (8.69) |
| FY2022 | 9.58 | 12.80 |
| FY2021 | −3.22 | (41.56) |
| FY2020 | 38.34 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.79 | — | 0.72 | |
| Gross margin index | — | — | n/a | — |
| Asset quality index | 0.36 | — | 0.14 | |
| Sales growth index | 1.24 | — | 1.11 | |
| Depreciation index | 0.81 | — | 0.09 | |
| SG&A index | 0.76 | — | −0.13 | |
| Total accruals to total assets | (0.08) | — | −0.35 | |
| Leverage index | 0.20 | — | −0.07 | |
| Beneish M-score | n/a — gross margin index cannot be worked out | — | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| FOXX Foxx Development Holdings Inc. compare | −10.2× |
| BOXL Boxlight Corporation compare | −3.6× |
| FEBO Fenbo Holdings Limited compare | −3.1× |
| KOSS Koss Corporation compare | −2.7× |
| ZEPP Zepp Health Corporation Sponsored ADR compare | −2.5× |
| MSN Emerson Radio Corporation compare | −0.2× |
| GMEX Fitell Corporation compare | 0.0× |
| RIME Algorhythm Holdings, Inc. compare | — |
| WLDS Wearable Devices Ltd. | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI