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. develops AI-driven fashion technology and commerce businesses for brands, retailers and consumers. Its portfolio includes sizing and fit solutions for e-commerce, fashion marketplace operations, apparel resale through Percentil, overstock and distribution activity through Orgad, and footwear wholesale channels.
Company news commonly covers product and platform strategy, international market development, marketplace distribution, circular fashion resale, customer and brand relationships, investor communications, operating updates and Nasdaq listing-compliance matters. Updates also address how My Size connects sizing technology, resale infrastructure and inventory-management activity across the fashion value chain.
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.
Summary not available.
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.
Summary not available.
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.
MySize, Inc. (NASDAQ: MYSZ) has received a 180-day extension from Nasdaq to comply with the minimum bid price of $1.00 per share, now due by January 2, 2023. The company failed to meet the requirement after initial notification on January 3, 2022. If the stock price exceeds $1.00 for 10 consecutive business days, compliance will be confirmed. CEO Ronen Luzon expressed optimism about the company's revenue growth, projecting $5 million in revenue for 2022, significantly higher than in previous years.
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.