My Size Stock Price, News & Analysis

On November 9, 2022, MySize (NASDAQ: MYSZ) announced that its CEO, Ronen Luzon, will speak at Brand Week 2022 in Istanbul on November 11. His speech, titled "Measure Perfect: The Power of Innovation Against Waste," will highlight the importance of sustainability in retail. Luzon emphasized that retailers adopting MySize's AI-driven measurement solutions not only improve ROI but also minimize waste, addressing the issue of 5 billion pounds of returns that end up in landfills. MySize continues to innovate in the e-commerce space with solutions aimed at driving revenue growth.

MySize, a provider of AI-driven measurement solutions, announces the acquisition of Naiz Fit, a Spain-based fashion-tech firm. The acquisition positions MySize to capitalize on the $120 billion fashion market in Spain and Italy, with plans for European market expansion. MySize expects high-margin recurring SaaS revenues from its enhanced portfolio of sizing solutions, including the upcoming Smart Catalogue and FirstLook Smart Mirror. This strategic move strengthens MySize's foothold in Europe, bolstering its growth potential.

MySize (NASDAQ: MYSZ) has acquired Spain-based Naiz Fit for $500,000 cash plus 6 million shares, with potential future payments of up to $1.55 million. This acquisition aims to enhance MySize's position in the fashion measurement solutions sector, expecting to generate an additional $1 million revenue in 2023. Naiz Fit brings a strong customer base, including top European brands like Desigual and Moschino. The integration is projected to yield economies of scale and broaden MySize's tech offerings.

MySize, Inc. (NASDAQ: MYSZ) announced participation in two key retail industry conferences in New York and Cologne, showcasing its FirstLook Smart Mirror and AI-driven MySizeID solutions. From September 13-16, MySize will present at the SAP Fashion Experience during New York Fashion Week, collaborating with GK Software. The company aims to leverage its growing retail customer base in North and South America, highlighted by a joint venture in Brazil. MySize will also feature at the DMEXCO conference in Cologne on September 21-22, targeting industry leaders and potential partners.

MySize, Inc. (NASDAQ: MYSZ) reported remarkable financial results for Q2 2022, achieving record revenues of $801,000, a staggering increase of 2570% year-over-year, primarily due to the acquisition of Orgad. Gross profit surged 973% to $322,000, while operating and net losses significantly narrowed by 62% and 60%, respectively. The company reiterates its 2022 revenue guidance of at least $5 million. Cash reserves at the end of June stood at $6.5 million, positioning MySize well for the upcoming holiday season.

MySize (NASDAQ: MYSZ) has partnered with luxury British fashion brand Temperley London to integrate its MySizeID apparel sizing solution. This collaboration aims to enhance customer experience by providing accurate body measurements through a mobile app, ensuring proper fit and potentially reducing return rates. The initiative aligns with Temperley London's commitment to sustainability, as it helps optimize product fit, thus benefiting both the environment and the brand's economics. MySize continues to expand its innovative solutions in e-commerce, aiming for growth and efficiency.

MySize, Inc. (NASDAQ: MYSZ) recently highlighted its FirstLook Smart Mirror featured on Israeli Channel 13, showcasing its capabilities as an innovative retail tool. The mirror enhances in-store shopping experiences through contactless checkout and personalized recommendations. With rising demand for hybrid shopping—reported by IBM—one in four consumers prefers this method. MySize received strong interest from existing and potential clients, positioning itself to capitalize on evolving shopping habits. The technology is poised to boost revenues through unit sales and service fees.