My Size Stock Price, News & Analysis

MySize (NASDAQ: MYSZ) will showcase its innovative FirstLook Smart Mirror at Product Innovation Apparel New York 2022 on June 28–29, aimed at enhancing retail experiences. This AI-driven solution offers features like personalized fit suggestions, 3D avatar try-ons, and self-checkout, accessible through physical and online retail environments. The product is available for purchase or lease, with monthly fees. The CEO emphasizes its potential to transform fashion retail.

MySize (NASDAQ: MYSZ) reported a remarkable 1400% revenue increase in Q1 2022, reaching $404,000, driven by the acquisition of Orgad. The company maintains a 2022 revenue guidance of at least $5 million. Despite growth, MySize faced an increased operating loss of $2.1 million and a net loss of $2.2 million. The cash balance stood at $7.8 million as of March 31, 2022, signaling solid liquidity. The launch of FirstLook Smart Mirror aims to enhance customer experience.

MySize, Inc. (NASDAQ: MYSZ) released a shareholder letter from CEO Ronen Luzon, highlighting the company's focus on AI-driven measurement solutions for e-commerce. For 2021, MySize reported revenues of $131,000, down from $142,000 in 2020, attributed to a drop in one-time project fees. The company noted significant strides in licensing agreements and partnerships with major retailers like Levi's and Lacoste. Innovations like the FirstLook Smart Mirror aim to enhance retail experiences, while the acquisition of Orgad could accelerate growth with greater access to capital. Current cash stands at $10.7 million.

MySize, Inc. (NASDAQ: MYSZ) has acquired Orgad, an omnichannel e-commerce platform with a global presence, including the U.S. and Europe. Orgad generated approximately $2.5 million in revenue in 2021 and operates profitably. The acquisition aims to enhance MySize’s direct e-commerce capabilities by integrating MySizeID into Orgad’s platform, expected to reduce costly returns and increase operational profits. The transaction involves cash payments of up to $1 million and 2,790,049 shares of MySize common stock, with additional earn-out payments based on revenue targets.

MySize, Inc. (NASDAQ: MYSZ) has launched the MySizeID FirstLook Smart Mirror, an innovative interactive display designed to enhance the in-store shopping experience. This product allows customers to receive personalized size recommendations and streamline contactless checkout. The Smart Mirror was positively received at the NRF 2022 event and integrates with GK Software's solutions. Priced between $8,000 and $12,000, with a $160 monthly service fee, it aims to increase sales conversions and reduce return rates within physical retail environments.

My Size, Inc. (NASDAQ: MYSZ) has appointed Javier Brandwain as its first Chief Commercial Officer. Brandwain brings extensive experience from leading roles in the fashion and retail industries, recently at 7 For All Mankind. His expertise will drive business development and expansion, particularly targeting new markets. With over 1,000 retail clients, My Size aims to leverage its $10 million cash balance for accelerated revenue growth. The leadership change is seen as pivotal in boosting global sales efforts and enhancing MySizeID's value in e-commerce.

MySize, Inc. (NASDAQ-CM: MYSZ) announced its participation in NRF 2022: Retail's Big Show, taking place from January 16-18, 2022, in New York City. This high-profile event aims to showcase their AI-driven measurement solutions, including the newly launched MySize Smart Mirror, designed to enhance retail shopping experiences. CEO Ronen Luzon emphasized the company's growth, surpassing 1,000 clients in 2021, and the potential of their MySizeID technology to improve conversion rates and reduce returns for retailers.

MySize, Inc. (NASDAQ: MYSZ) announced a partial adjournment of its 2021 Annual Meeting of Stockholders, specifically for Proposal 3 concerning the classification of the Board into three classes with three-year terms. Although this proposal has received over 95% approval from votes cast, it requires more than 50% of all outstanding shares as of November 4, 2021, for final approval. The meeting will reconvene on January 6, 2022, at 10:00 AM ET. Stockholders who haven't voted are encouraged to participate, while those who have submitted proxies do not need to vote again.

My Size, Inc. (NASDAQ: MYSZ) announced a settlement agreement with Todd Ault and related parties, resolving a lawsuit regarding Section 16(b) of the Securities Exchange Act of 1934. The Company agreed to withdraw its lawsuit against the Ault Parties, who in turn have also withdrawn their counterclaim. This settlement eliminates ongoing legal disputes and may allow the company to refocus on its measurement technology business.