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, 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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