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My Size, Inc. - $MYSZ STOCK NEWS

Welcome to our dedicated page for My Size news (Ticker: $MYSZ), a resource for investors and traders seeking the latest updates and insights on My Size stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect My Size's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of My Size's position in the market.

Rhea-AI Summary

MySize (Nasdaq: MYSZ), an AI-driven e-commerce platform, reported record Q1 2024 financial results. Revenues surged by 314% to $2.98M, driven by the acquisition of Orgad and a 25% increase in SaaS revenues.

Gross profit reached $1.2M, up from a loss of $1.15M. Operating loss narrowed by 57% to $1.07M, and net loss decreased by 61% to $1.02M. Inventory stood at $2.14M. A warrant repricing transaction is expected to bring in $3.26M.

CEO Ronen Luzon emphasized the strong revenue growth from Orgad and SaaS solutions, highlighting ongoing collaborations with top fashion brands to enhance personalization and reduce returns.

Rhea-AI Impact
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End-of-Day
-1.13%
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Rhea-AI Summary

My Size, Inc. (NASDAQ: MYSZ) has regained compliance with Nasdaq's minimum bid price rule, with its stock price at or above $1.00 per share for 10 consecutive business days. Nasdaq considers the prior bid price deficiency matter closed.

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Rhea-AI Sentiment
End-of-Day
-6.69%
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Rhea-AI Summary
My Size, Inc. (NASDAQ: MYSZ) announces a one-for-eight reverse stock split to increase per share price and bid price, aiming to comply with Nasdaq listing requirements and attract institutional investors.
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11.02%
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Rhea-AI Summary
My Size Inc. announces groundbreaking advancements in fashion technology through its subsidiary Naiz Fit, integrating Generative AI for personalized shopping experiences. Naiz Fit utilizes advanced natural language processing and image generation models to offer tailored product recommendations and virtual try-ons, revolutionizing the fashion industry.
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-1.84%
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Rhea-AI Summary
MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) announced its participation in NRF 2024 Retail's Big Show at the Jacob K. Javits Convention Center in New York City from January 14th to 16th. The company will exhibit its suite of products, including the FirstLook Smart Mirror and digital sizing solutions, MySizeID and Naiz Fit. MySize is an omnichannel e-commerce platform and provider of AI-driven measurement solutions, aiming to drive revenue growth and reduce costs for its business clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.05%
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Rhea-AI Summary
MySize, Inc. (MYSZ) is an omnichannel e-commerce platform and provider of AI-driven measurement solutions. The company's Founder and CEO, Ronen Luzon, discussed on Varney and Company how their technology is helping over 100 fashion retailers reduce returns and increase conversion rates. MySize's advanced algorithms accurately predict the correct size and fit for each customer, reducing returns by up to 65% for some customers.
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End-of-Day
-2.82%
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Rhea-AI Summary
MySize, Inc. (MYSZ) reports Q3 revenues of $2.16 M, up nearly 200% over the prior year. The company also reiterates revenue guidance of $8 M for the year. Gross margin in Q3 was 64%. The company's financial and operational results reflect significant growth driven by acquisitions and SaaS solutions. MySize also achieved key metrics with its apparel sizing solutions, witnessed by its 5.6 million end users, 43.6 million size recommendations, and over 7.7 million orders.
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Rhea-AI Sentiment
End-of-Day
3.81%
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Rhea-AI Summary
MySize, Inc. announces the launch of Naiz Fit Workforce, a new sizing solution product for the workwear and uniforms market. The product uses AI-driven sizing solutions to address challenges faced by companies in this industry. Several workwear companies in Spain have already become customers, and there is high interest in the product from other companies across Europe. The global workwear market is valued at $33 billion and is expected to reach nearly $40 billion by 2028.
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Rhea-AI Sentiment
End-of-Day
17.15%
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Rhea-AI Summary
MySize, Inc. reports nearly doubled growth in 2022 revenues, reaching $4.46 million. The growth is attributed to the success of Orgad and the Naiz Fit and MySizeID AI-driven sizing solutions. MySize expects approximately $8 million in revenues for the 12 months ending December 31, 2023. The company's AI-driven solutions have garnered 5 million users and facilitated 18 million purchases.
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15%
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MySize's Naiz Fit receives the 'Agile Customer Journey' innovation award at Paris Retail Week 2023, resulting in up to a 65% reduction in size-related returns compared to shoppers who did not use the solution at the same stores and for the same SKUs. MySize and Naiz Fit sizing solutions are used by global designers and retailers, including brands such as Desigual, Moschino, Levi's, Superdry, and Speedo.
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Rhea-AI Sentiment
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-2.56%
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My Size, Inc.

Nasdaq:MYSZ

MYSZ Rankings

MYSZ Stock Data

2.73M
3.99M
14.94%
7.13%
0.27%
Software Publishers
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United States of America
AIRPORT CITY

About MYSZ

my size inc. (nasdaq: mysz, tase: mysz) developed a unique measurement technology based on sophisticated algorithms with broad applications in a variety of areas, from the apparel e-commerce market to do it yourself (diy) smartphone & tablet apps. the technology is driven by several patents algorithms which are able to calculate and record measurements in a variety of novel ways. since the company's inception, it has raised over $10.5 million from accredited investors.