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.
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.
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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.
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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.
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.