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.
My Size, Inc. (NASDAQ: MYSZ) is an AI-powered fashion technology and retail solutions company whose news flow reflects its focus on sizing intelligence, circular fashion, and data-driven retail. This page aggregates press releases, market updates, and other coverage related to MySize’s operations, strategy, and financial reporting.
Readers can expect news about AI-driven sizing platforms such as MySizeID and Naiz Fit, developments in footwear fit-tech through ShoeSize.Me, and updates on the company’s fashion and equipment e-commerce business Orgad. Coverage also includes announcements about Percentil, MySize’s European resale platform that operates in Spain, Italy, Germany, and France and is positioned within Europe’s circular fashion economy.
MySize’s communications frequently highlight its global expansion, including activity across Europe, Latin America, the United States, and the Asia-Pacific region. News items may discuss strategic focus on regions such as APAC, relationships with brands and retailers, participation in industry conferences, and the evolution of its AI roll-up strategy in retail and fashion.
Investors and industry observers will also find financial results and SEC-related disclosures referenced in company press releases, including quarterly performance updates and CEO letters to shareholders that describe platform integration, revenue trends, and strategic priorities. Product and technology news, such as the launch of NaizGPT, a conversational AI assistant for retail teams, and enhancements to overstock management and data intelligence capabilities, are also part of the regular news flow.
By following this news page, users can review a historical record of MySize’s announcements on AI-powered fashion technology, resale and circular fashion initiatives, acquisitions, and corporate governance events tied to the MYSZ ticker.
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MySize (Nasdaq: MYSZ) announced that CEO Ronen Luzon will present at the Ladenburg Thalmann Tech Expo on April 27, 2023, at 1:00 PM ET in New York City. The presentation will be available for live viewing via a provided link.
Key highlights include:
- 2022 revenue reached $4.5 million, marking a 3304% increase from 2021.
- Q4 2022 revenue of $2.5 million signals potential revenue doubling in 2023.
- Expanded adoption of AI-driven SaaS solutions by global fashion brands.
- Technologies reduce returns, improve retailer economics, and enhance consumer experiences.
MySize also launched the FirstLook Smart Mirror, enhancing in-store shopping experiences, which is expected to uplift revenues.
MySize, Inc. (NASDAQ: MYSZ) announced the launch of its Naiz Fit sizing solution across all 32 e-commerce sites of the luxury menswear brand Canali in Europe and the US. This partnership allows Canali customers to find their perfect fit using AI-driven technology that requires no measurements from the users. The SaaS agreement is effective immediately, and Naiz Fit has reportedly increased conversion rates by 800% and basket values by 37% for a similar brand. Additionally, the company’s AI technology accurately captures over 20 body measurements via images, enhancing customer satisfaction and sales while reducing returns. CEO Ronen Luzon expressed confidence in Naiz Fit's ability to impact sales positively.
MySize, Inc. (Nasdaq: MYSZ) has announced that CEO Ronen Luzon will present at the Sequire Investor Summit in Puerto Rico from April 24 to 26, 2023. During the presentation on April 25, he will highlight the company's milestones in 2022, which included a remarkable 3300% revenue growth, reaching $4.5 million, and a projected doubling of revenues for 2023. MySize's innovative sizing solutions, MySizeID and Naiz Fit, have gained traction among major fashion and retail brands, driven by their impact on cost and carbon footprint savings. The event will facilitate one-on-one meetings with management for investors interested in learning more about the company's future.
MySize Inc. (Nasdaq: MYSZ) is scheduled to exhibit at the Retail Technology Show in London on April 26-27, 2023. The company focuses on enhancing the apparel shopping experience through its AI-driven solutions, which aim to optimize fit, reduce product returns, and improve sustainability.
MySize will showcase three key products: MySizeID, an AI-driven sizing tool; Smart Catalogue, a SaaS tool for fashion designers; and the First Look Smart Mirror, which merges online and in-store shopping experiences. CEO Ronen Luzon emphasized the importance of AI in retail and expressed optimism about increasing customer engagement and satisfaction.
MySize, Inc. (Nasdaq: MYSZ) reported its financial results for 2022, achieving a remarkable 3304% revenue increase to approximately $4.46 million, driven by the acquisition of Orgad. The Q4 revenues reached about $2.5 million, with the company projecting a doubling of revenues in 2023 based on current run-rate. SaaS revenues surged 150% to $327,000, while gross profit rose 384% to $634,000. Despite a decreased operating loss of $8.11 million and net loss of $8.31 million, the company indicated improvement in its financial trajectory. MySize also expanded its market presence through acquisitions and innovative product launches like the FirstLook Smart Mirror, enhancing both in-store and online shopping experiences.
MySize Inc. (NASDAQ:MYSZ) reported remarkable revenue growth for Q3 2022, showing a 2242% increase to $726,000 compared to the previous year. This surge is primarily attributed to the acquisition of e-commerce platform Orgad, which generated $685,000 in revenue during the same quarter. The company's flagship product, MySizeID, also saw a 32% revenue growth to $41,000. With expectations of total revenues between $4 million to $5 million for 2022, MySize's financial results indicate positive momentum for future growth. The company aims to capitalize on recurring revenue streams from its SaaS products, which boast gross margins up to 80%. Furthermore, the recent acquisition of Naiz Fit is anticipated to contribute an extra $1 million in revenue in 2023, broadening MySize's market presence.
GK has been recognized as a Leader in the IDC MarketScape for Worldwide Point-of-Sale Software for Large Apparel and Softlines Retail 2023. This acknowledgment highlights GK's commitment to innovation through investments in artificial intelligence, augmented reality, and data analytics. The report identifies key differentiators for GK's solutions, including a unified commerce platform serving various retail segments and innovative features like smart mirrors and real-time predictions. GK aims to enhance the shopping experience and reduce return rates by collaborating with partners like My Size, Inc. (NASDAQ: MYSZ).
MySize, Inc. (Nasdaq: MYSZ) announced the upcoming launch of its MySizeID apparel sizing solution tailored for the estimated $5 billion pet apparel market, focusing on dogs and cats. This innovative solution is projected to capitalize on the pet apparel industry's growth potential, which is expected to reach $7 billion by 2028, driven by factors such as increased pet ownership and consumer demand for sustainable options. The company aims to enhance the shopping experience for pet owners while reducing return rates and associated environmental impacts.
MySize, a provider of AI-driven measurement solutions, will exhibit at EuroShop from February 26 - March 2, 2023. The company, in partnership with GK Software, will showcase products like MySizeID and Naiz Fit, aimed at enhancing customer experience and operational efficiency for retailers. MySize's recent acquisition of Naiz Fit has expanded its reach into leading European fashion brands. The exhibition will feature advanced solutions, including the FirstLook Smart Mirror, designed to improve in-store shopping.