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.
MySize, Inc. (NASDAQ: MYSZ) delivers AI-powered measurement solutions that transform retail experiences through precise sizing technology. This dedicated news hub provides investors and industry professionals with verified updates on the company’s advancements in apparel tech, omnichannel platforms, and strategic partnerships.
Access real-time announcements including earnings reports, product launches, and technology patents. Our curated feed ensures you never miss critical developments in MYSZ’s cloud-based SaaS offerings or innovations in virtual try-on systems. All content is vetted for accuracy to support informed analysis of this retail tech pioneer.
Key updates cover financial performance, executive appointments, and collaborations with global retailers. Bookmark this page for streamlined tracking of MySize’s progress in reducing e-commerce returns through AI-driven solutions. Check regularly for insights into how their patented algorithms continue reshaping digital shopping experiences worldwide.
MySize (NASDAQ: MYSZ), a provider of AI-driven sizing solutions, announces its participation in CES 2025 and NRF 2025 to showcase new retail technology innovations. The company will present several key innovations:
- An AI-powered virtual try-on solution integrated with Size Recommendations engine
- True Feedback community app providing real-time customer insights and brand perception data
- Kids AI solution offering size recommendations based on growth pattern algorithms
- Smart Catalogue for real-time size chart updates
- Naiz Fit Connector platform enabling collaboration with advanced technology providers
These innovations aim to enhance online shopping experiences, reduce return rates, and optimize garment design through AI and machine learning capabilities.
MySize Inc. (NASDAQ: MYSZ) has announced raising $3 million through the exercise of outstanding warrants, as disclosed in an SEC filing on December 30, 2024. The company plans to utilize these funds to support strategic growth initiatives, including expanding Orgad's capabilities, pursuing M&A opportunities, advancing technology development, and scaling sales efforts.
The funding will specifically focus on enhancing Orgad's operational efficiencies, growing inventory, and expanding its presence across e-commerce platforms. Additionally, MySize aims to accelerate R&D efforts in AI and big data solutions for retailers, while supporting the company's 2025 milestones.
MySize (NASDAQ: MYSZ) anticipates closing 2024 with $8.5 million in revenue, marking a 23% year-over-year growth, and projects $15 million in revenue by 2025. The company's e-commerce platform, Orgad, is expanding from North America to Europe after receiving certification as a supplier for a major European retailer.
Their AI-driven sizing solution, Naiz Fit, has delivered over 42 million size recommendations across 18+ countries, achieving a 5.7x increase in conversion rates, 14% reduction in return rates, and 27% boost in average order value. MySize is actively exploring M&A opportunities to enhance growth and scale operations, focusing on companies aligned with their AI-driven sizing solutions and e-commerce platforms.
MySize, Inc. (NASDAQ: MYSZ) reported strong financial results for Q2 2024, with 53% revenue growth to $1.97 million and 61% increase in gross profit to $984,000. The growth was driven by improved performance at Orgad and successful market penetration of Naiz Fit. Key highlights include:
- Operating loss narrowed by 44% to $877,000
- Net loss improved by 25% to $964,000
- Cash position of $3.2 million as of June 30, 2024
CEO Ronen Luzon emphasized the company's strategic focus on enhancing Orgad's revenue in North America and optimizing Naiz Fit's SaaS offerings. MySize aims to leverage its AI-driven retail solutions to drive continued growth, reduce product returns, and improve customer satisfaction, with a clear path towards profitability and cash flow positivity.
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.
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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