MySize News
117 articles
growth-positive
MySize Inc. Expands Naiz Fit Platform with Acquisition of ShoeSize.Me, Adding AI-Powered Footwear Sizing to Its Fashion Tech Roll-Up Strategy
MySize, Inc., a leader in AI-driven measurement and fashion technology, has acquired ShoeSize.Me, a European SaaS company specializing in AI-powered footwear sizing solutions. This acquisition, primarily structured as a share deal, aligns with MySizes strategy to enhance its B2B and tech portfolio while maintaining its cash position. ShoeSize.Me, which serves over 20 fashion retailers, will operate under the Naiz Fit umbrella, creating a unified platform for apparel and footwear sizing solutions. This move is expected to enhance cross-selling opportunities and strengthen MySizes data strategy, leveraging ShoeSize.Mes extensive data on consumer shopping experiences and shoe sizes. The acquisition aims to accelerate product innovation and improve retail partner insights, ultimately reducing returns and improving margins.
AcquisitionPartnersCustomers
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) ("MySize" or the "Company"), a leading AI-driven measurement and fashion technology solutions provider, today...
MySize, Inc., a leader in AI-driven measurement and fashion technology solutions, has acquired ShoeSize.Me, a European SaaS company specializing in AI-powered footwear sizing and fit solutions. This acquisition is part of MySizes strategic roll-up plan to enhance its B2B and tech portfolio. ShoeSize.Me, which serves over 20 fashion retailers, will operate under the Naiz Fit umbrella, creating a unified platform for apparel and footwear sizing solutions. The acquisition is expected to enhance cross-selling opportunities and strengthen MySizes data strategy, leveraging ShoeSize.Mes extensive consumer data. The transaction involved issuing shares and a cash payment, along with a milestone vesting warrant for a key employee. This move aligns with MySizes strategy to consolidate synergistic businesses and position itself as a key player in solving fashion e-commerce sizing challenges.
AcquisitionCustomersPartners
growth-negative
My Size Second Quarter 2025 Earnings: US$0.15 loss per share (vs US$1.28 loss in 2Q 2024)
The article discusses My Sizes financial performance, highlighting a revenue of $2.01 million, which is a 1.4% increase from the second quarter of 2024. The company reported a net loss of $450,000, which is a 53% improvement from the previous quarter. The loss per share improved from $1.28 to $0.15. Despite these improvements, My Size shares have decreased by 4.8% over the past week. The article is a general analysis based on historical data and analyst forecasts, and it does not constitute financial advice.
growth-positive
/PRNewswire/ -- With the acquisition and launch of Percentil, MySize has strengthened its position in Europe's rapidly evolving circular fashion economy — a...
MySize, Inc., an AI-powered fashion technology company, has acquired Percentil to strengthen its position in Europes circular fashion economy. This acquisition aligns with new EU legislation mandating sustainability in apparel, offering brands a platform for compliance and growth. Despite a decrease in Orgad sales, MySize reported a 2% YoY revenue increase in Q2 2025, attributed to Percentils contribution. The company is leveraging its triple-revenue model to capture the European resale market, with Percentil expected to drive growth in the latter half of 2025. MySizes innovations, including the FirstLook Smart Mirror and Smart Catalog, enhance retail experiences and support sustainable commerce.
AcquisitionPartners
growth-positive
MySize Reports Second Quarter 2025 Financial Results; Narrows Losses and Positions Percentil as a Leader in Europe's Circular Fashion Economy
MySize has acquired Percentil to strengthen its position in Europes circular fashion economy, driven by new EU legislation on sustainability. The acquisition is expected to help brands comply with regulations mandating durability, repairability, recyclability, and traceability in apparel. MySize reported a revenue increase due to the acquisition, despite a decrease in Orgad sales. Percentils AI-powered platform is seen as a key solution for brands navigating the EUs Circular Economy Action Plan. The acquisition is part of MySizes strategy to build long-term value and capitalize on the structural shift in the fashion industry towards sustainability.
Acquisition
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) ("MySize" or the "Company"), an AI-powered retail solutions company, today issued a shareholder update from its...
MySize, Inc., an AI-powered retail solutions company, is executing a strategic shift to become the intelligence layer for fashion retail. The company is building a Retail Intelligence Engine to empower brands with data-driven insights for better decision-making. MySize has acquired Naiz Fit, Orgad, and Percentil to enhance its platform capabilities, focusing on AI, integration, and automation. The company is investing heavily in these areas while maintaining financial discipline, with a runway through 2027. MySize aims to transform the apparel industry by addressing regulation, returns, resale, and relevance, positioning itself for long-term growth. The company plans to publish its Q2 2025 financial statements soon.
AcquisitionInvestment
growth-positive
MySize CEO Letter to Shareholders - Mid-Year 2025
MySize, Inc., an AI-powered retail solutions company, is executing a strategic shift to become the intelligence layer for fashion retail. The company is building a Retail Intelligence Engine to empower brands with data-driven insights for sizing, product success, and logistics optimization. Through acquisitions of Naiz Fit, Orgad, and Percentil, MySize has enhanced its SaaS platforms, gaining enterprise-grade infrastructure, eCommerce scale, and circular economy leadership. The company is leveraging its rich dataset and new LLM-powered assistant to provide clients with actionable insights, driving smarter decisions and reducing returns. MySize is investing heavily in AI, integration, and automation to scale efficiently and sustainably.
AcquisitionAI technology developing/using
growth-positive
/PRNewswire/ -- MySize Inc. (NASDAQ: MYSZ), an AI-powered retail solutions company, today announced the successful launch of its pilot program, NaizGPT, a...
MySize Inc., an AI-powered retail solutions company, has launched a pilot program for NaizGPT, a conversational AI assistant designed for retail teams. This tool allows e-commerce professionals to interact with their data using natural language, moving away from traditional dashboard analysis. The pilot has shown strong user engagement, with teams conducting deeper data analysis through conversational queries. NaizGPT processes data from MySizes sizing recommendation engine to provide contextual insights. The company plans to transition NaizGPT to commercial availability by Q4 2025, aiming to make it the definitive conversational AI platform for retail. This initiative is part of MySizes broader vision to enhance retail operations through AI technology.
Product StageCustomers
growth-positive
MySize Launches NaizGPT - Conversational AI Assistant for Retail Teams
MySize Inc., an AI-powered retail solutions company, has launched a pilot program for NaizGPT, a conversational AI assistant designed for retail teams. NaizGPT allows e-commerce professionals to interact with their data through natural language conversations, moving away from traditional dashboard analysis. The pilot phase is currently being tested by select teams using the Naiz Fit platform, with positive feedback highlighting enhanced data analysis capabilities. MySize plans to transition NaizGPT from pilot to commercial availability by Q4 2025, aiming to expand its functionality across various retail operations. The initiative underscores MySizes vision of transforming retail analytics into a conversational experience.
Product StageCustomers
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ), a retail technology company transforming commerce through an AI-powered ecosystem that bridges sizing, returns...
MySize, Inc., a retail technology company, is participating in the Drapers Social Summit 2025 in the UK, aiming to expand its footprint in one of Europes most digitally advanced retail markets. The company will engage with C-level executives from prominent UK fashion retailers to showcase its AI-powered solutions that enhance customer experience and reduce returns. MySizes technologies have already demonstrated significant improvements in conversion rates and order values. The event is a strategic milestone for MySize as it seeks to establish the UK as a key market in its international growth strategy. The company is leveraging its AI technology to meet the growing demand for sustainable and personalized retail solutions.
CustomersPartners
growth-positive
MySize Showcases AI Sizing Leadership at Drapers Social Summit 2025 Amid Growing UK Expansion
MySize, Inc., a retail technology company specializing in AI-powered solutions, is participating in the Drapers Social Summit 2025 in the UK. The event marks a significant step in MySizes international expansion strategy, particularly in the UK market, known for its digital advancement and sustainability focus. MySize aims to deepen relationships with top UK fashion retailers like AllSaints, River Island, and Harrods, showcasing its SizeForm, True Feedback, and Smart Catalogue solutions. These technologies have significantly improved conversion rates, order values, and reduced returns for global fashion clients. The companys participation underscores its commitment to leveraging AI to enhance customer experiences and drive sustainable growth.
PartnersCustomers
growth-positive
MySize Inc. Appointed Borja Cembrero Saralegui as Chief Growth Officer to Accelerate Global Expansion and Circular Fashion Strategy
MySize, Inc., a leader in AI-driven sizing solutions, has appointed Borja Cembrero Saralegui as Chief Growth Officer. Cembrero, co-founder and former CEO of Naiz Fit, which MySize acquired in 2022, will lead the companys growth strategy and innovation in AI-powered retail solutions. His role will focus on international expansion, partnerships, and M&A opportunities. MySize is emphasizing strategic growth and innovation, particularly in AI and circular fashion, following its acquisition of Percentil. The company aims to redefine fashion experiences with technologies like virtual try-on and size personalization. Cembreros leadership is expected to drive accelerated growth and long-term shareholder value.
Management ChangesAcquisitionPartners
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ), a global leader in AI-driven sizing solutions and omnichannel e-commerce platforms, is pleased to announce the...
MySize, Inc., a leader in AI-driven sizing solutions, has appointed Borja Cembrero Saralegui as Chief Growth Officer to lead its growth strategy and innovation in AI-powered retail solutions. Cembrero, co-founder and former CEO of Naiz Fit, which MySize acquired in 2022, will focus on international expansion, partnerships, and M&A opportunities. The company is enhancing its position in the AI-powered fashion and retail sector, with recent innovations like the Integrated Virtual Try-On solution and a move into circular fashion through the acquisition of Percentil. MySize aims to redefine fashion experiences and improve customer journeys by leveraging AI technology.
Management ChangesAcquisition
growth-positive
MySize Bets On Fashion Resale With Percentil Acquisition
MySize, an Israel-based e-commerce and AI-driven apparel-sizing firm, has acquired the European second-hand fashion marketplace Percentil. This acquisition aims to expand MySizes reach in the fashion resale market and enhance its circularity profile. Percentil, which previously filed for bankruptcy, will be repositioned as a premium marketplace focusing on high-value items. The acquisition, valued at approximately $679,000, was financed through MySizes existing cash reserves. MySize plans to integrate Percentils platform with its proprietary AI technology to optimize pricing and enhance user experience. The acquisition is expected to generate $1.5 million in revenue by the second half of 2025, contributing to a 25% increase in MySizes total revenue. The move aligns with EU legislation on garment reuse and positions MySize as a key player in the circular fashion economy.
AcquisitionProduct StageExpand
growth-positive
MySize enters circular fashion, recommerce with Percentil deal
MySize, an AI-driven apparel sizing provider, has acquired the secondhand fashion marketplace Percentil for €610,000 ($679,000) to reposition itself as a premium recommerce marketplace. This acquisition marks MySizes entry into the circular fashion sector, aiming to enhance sustainability and profitability. The deal includes acquiring Percentils employees, warehouse, and inventory of over 120,000 garments. MySize plans to integrate its AI technology into Percentils platform to improve pricing strategies and customer experience. The acquisition is expected to contribute significantly to MySizes revenue by 2025, with a projected 25% increase. The purchase was funded through existing cash reserves, and MySize launched a B2B resale solution to capitalize on excess stock and returned items.
AcquisitionCustomersProduct Stage
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ), a leader in AI-driven retail solutions and omnichannel e-commerce platforms, today announced the acquisition by...
MySize, Inc., a leader in AI-driven retail solutions, has acquired key assets of Percentil, a managed marketplace for second-hand fashion, through its subsidiary New Percentil, S.L. This acquisition aligns with MySizes strategy to enhance its B2B and B2C portfolio and comply with upcoming EU regulations on sustainable fashion. The acquisition, valued at approximately $679,000, is expected to boost MySizes revenue by 25% by 2025. MySize plans to reposition Percentil as a premium marketplace, leveraging its AI technology to optimize operations and enhance customer experiences. The acquisition also supports MySizes entry into the circular economy, offering a B2B resale solution for fashion brands. The deal includes 17 employees, a central warehouse, and proprietary systems, positioning MySize for growth in the second-hand fashion market.
AcquisitionCustomersPartners
growth-positive
MySize Inc. Acquires Key Assets of Percentil: Expanding into Circular Fashion and Re-Commerce
MySize, Inc., a leader in AI-driven retail solutions, has acquired key assets of Percentil, a managed marketplace for second-hand fashion, through its subsidiary New Percentil, S.L. The acquisition, valued at approximately $679,000, aims to reposition Percentil as a premium marketplace, focusing on sustainable and profitable circular fashion. This strategic move aligns with upcoming EU regulations on textile circularity and supports MySizes expansion into the circular economy. The acquisition includes Percentils operational assets, AI-powered pricing engine, and a stock of over 120,000 garments. MySize plans to integrate its AI technology to enhance Percentils platform, aiming to generate $1.5 million in revenue by the second half of 2025. The acquisition is expected to strengthen MySizes financial foundations and provide a competitive edge in the resale market.
AcquisitionPartnersProduct Stage
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to...
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, is actively pursuing growth through strategic mergers and acquisitions. The company has signed two Letters of Intent for potential acquisitions in the second-hand apparel and AI shoe technology sectors. MySize has integrated Orgad and Naiz Fit into its operations, enhancing revenue and operational efficiency. The company is focused on achieving profitability, having achieved 18% year-over-year revenue growth in 2024, and is leveraging its AI technologies to optimize offerings and explore new retail solutions. MySize is strengthening its leadership team to support its expansion and maintain strategic discipline.
AcquisitionManagement Changes
growth-positive
MySize CEO Letter to Shareholders - 2025 Strategic Outlook
MySize, Inc., an AI-driven e-commerce platform, is pursuing growth through strategic mergers and acquisitions, having signed two Letters of Intent in the second-hand apparel and AI shoe technology sectors. The company has integrated Orgad and Naiz Fit, enhancing revenue and operational efficiency. MySize is on the path to profitability, achieving 18% year-over-year revenue growth in 2024 and reducing net loss by 37%. The company is expanding geographically and reinforcing its leadership team to support its growth strategy. Leveraging AI technology, MySize aims to transform retail interactions and optimize performance using data from its group companies.
AcquisitionManagement ChangesExpand
growth-positive
My Size Full Year 2024 Earnings: US$4.39 loss per share (vs US$20.01 loss in FY 2023)
The article discusses the financial performance of My Size, a company listed on NasdaqCM, highlighting an 18% increase in revenue to US$8.26 million and a narrowed net loss of US$4.00 million for the fiscal year 2023. The companys shares have risen by 12% over the past week. The article also mentions the potential impact of AI on healthcare, with My Size being one of the 20 stocks under $10 billion in market cap working on innovations in early diagnostics and drug discovery. Despite the positive financial indicators, the article notes that there are three warning signs for My Size that investors should be aware of.
growth-positive
MySize Reports 2024 Full-Year Financial Results: Revenue Grows 18% to $8.26 Million and Cash Reserves More Than Double
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven sizing solutions, reported positive financial results for the year ending December 31, 2024. The company saw an 18% increase in revenue, reaching $8.26 million, and a significant reduction in net loss by 37%. Cash reserves more than doubled, and shareholders equity rose by 46%. Over 100 fashion brands adopted MySizes AI-driven sizing platform, and the company expanded its technology ecosystem with deeper integrations with platforms like Shopify and Magento. These developments have positioned MySize for continued growth in the retail industry.
CustomersPartners
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven sizing...
MySize, Inc., a leader in omnichannel e-commerce platforms and AI-driven sizing solutions, reported significant financial growth for the year ending December 31, 2024. The company achieved an 18% increase in revenue, reaching $8.26 million, and more than doubled its cash reserves to $4.88 million. Over 100 fashion brands adopted MySizes AI-driven sizing platform, contributing to its growth. The company expanded its technology ecosystem with deeper integrations with platforms like Shopify and Salesforce. CEO Ronen Luzon highlighted the companys mission to transform fashion retail and its strong position for continued growth through SaaS expansion and e-commerce excellence.
CustomersPartners
growth-positive
MySize Inc. Appoints Roy Golan to Board of Directors
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has appointed Roy Golan to its Board of Directors. Golan brings over two decades of financial leadership and expertise in IPOs, fundraising, and M&As, which will support MySizes strategic growth objectives. His appointment is expected to bolster MySizes strategic execution and reinforce investor confidence. MySize is focused on accelerating growth and enhancing its market position, leveraging its proprietary measurement technology and innovative retail tools. The company operates in various sectors, including apparel, e-commerce, and shipping, and is headquartered in Airport City, Israel.
Management Changes
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions,...
growth-positive
/PRNewswire/ -- MySize Inc. (Nasdaq: MYSZ), a global leader in AI and big data-driven solutions for the retail market, is proud to announce the launch of its...
MySize Inc., a leader in AI and big data-driven solutions for the retail market, has launched its Integrated Virtual Try-On Solution. This innovative solution combines Naiz Fits size recommendations with Aiutas virtual try-on capabilities, aiming to enhance customer experiences and operational efficiency while supporting sustainability goals. The company has engaged with several leading U.S. fashion brands, indicating strong market interest. MySize plans to showcase formal partnerships by Q2 2025, aligning with its goal of achieving a $15 million revenue target in 2025. The solution is expected to boost conversion rates, reduce return rates, and increase average order value.
Product StagePartnersCustomers
growth-positive
MySize Inc. Announces Innovative Integrated Virtual Try-On and Sizing Technology Following Successful Participation at CES and NRF 2025
MySize Inc., a leader in AI and big data solutions for retail, has launched an Integrated Virtual Try-On Solution. This innovative product combines Naiz Fits size recommendations with Aiutas virtual try-on capabilities, aiming to transform customer experiences and improve operational efficiency. The solution is designed to enhance personalization, customer engagement, and pre-purchase decisions while supporting sustainability goals. MySize has engaged with leading U.S. fashion brands, indicating strong market interest. The company plans to establish formal partnerships by Q2 2025, reflecting a commitment to delivering value-driven milestones.
Product StagePartnersCustomers
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) ("MySize" or the "Company"), a market-leading provider of AI-driven sizing solutions and omnichannel e-commerce...
MySize, Inc., a leader in AI-driven sizing solutions and omnichannel e-commerce platforms, is set to showcase its latest technological advancements at CES 2025 and NRF 2025. The company will unveil innovations such as an AI-powered virtual try-on solution, a community app for real-time consumer insights, and a Kids AI solution for childrens sizing. These advancements aim to revolutionize the fashion retail industry by enhancing customer satisfaction and optimizing garment design. CEO Ronen Luzon emphasizes the companys commitment to setting new industry standards and solidifying its position as a leader in fashion-tech innovation. The article highlights MySizes strategic vision and technological leadership as it prepares for a promising 2025.
growth-positive
MySize to Showcase Retail AI Innovations at NRF 2025 and CES 2025
MySize, Inc., a leader in AI-driven sizing solutions and omnichannel e-commerce platforms, is set to participate in CES 2025 and NRF 2025. The company will unveil several technological advancements that aim to revolutionize the fashion retail industry. Key innovations include an AI-powered virtual try-on solution, a community app for real-time consumer insights, and a Kids AI solution for precise childrens sizing. Additionally, MySize will introduce the Smart Catalogue for real-time size optimization and the Naiz Fit Connector for industry collaboration. These innovations are designed to enhance customer satisfaction, streamline processes, and set new industry standards, positioning MySize as a dominant innovator in the sector.
growth-positive
MySize Inc. Announces $3 Million of Warrant Exercises
MySize Inc., a leader in technology-driven solutions for the retail market, announced it raised $3 million through the exercise of certain outstanding warrants. The funds are intended to drive strategic growth initiatives, strengthen the companys financial position, and support the expansion of Orgad, a digital merchant specializing in apparel and shoes. The capital will be used to enhance operational efficiencies, grow inventory, and expand Orgads reach across e-commerce platforms. Additionally, MySize plans to pursue strategic M&A opportunities and accelerate R&D efforts to further develop its AI and big data solutions. The investment aligns with MySizes strategy to achieve ambitious milestones set for 2025, creating sustainable value for shareholders.
InvestmentExpandAcquisition
growth-positive
My Size Announces Revenue Growth and Expansion Plans
My Size, Inc. has announced significant revenue growth and strategic expansion plans for 2024, aiming for $15 million in revenue by 2025. The company is focusing on expanding its geographical presence, particularly in Europe, and leveraging its AI-driven sizing solution, Naiz Fit, to enhance customer engagement and reduce return rates. Additionally, My Size is exploring mergers and acquisitions to broaden its market influence and product offerings. The company is a global leader in omnichannel e-commerce platforms and AI-driven sizing solutions, designed to drive revenue growth and enhance customer experiences. Despite a year-to-date price performance of -21.85%, My Size is optimistic about its future growth prospects.
ExpandAcquisition
growth-positive
MySize Shares Surge Over 112% Pre-Market as Company Projects $15M Revenue for 2025
My Size, Inc. experienced a significant stock price increase of 112.4% following the announcement of robust sales growth estimates. The company aims to achieve $15 million in sales for 2025, marking a 23% increase from the previous year. MySize is expanding its e-commerce platform, Orgad, from North America to Europe, facilitated by a supplier accreditation with a top European retailer. The companys AI-powered sizing solution, Naiz Fit, has significantly improved order values, return rates, and conversion rates. MySize is also exploring merger and acquisition opportunities to enhance its product offerings and geographic reach. The company plans to showcase its technologies at major industry events in January 2025.
CustomersPartnersExpandAcquisition
growth-positive
/PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) ("MySize" or the "Company"), a global leader in AI-driven sizing solutions and omnichannel e-commerce platforms,...
MySize, Inc., a leader in AI-driven sizing solutions and e-commerce platforms, reported strong revenue growth and strategic market expansion in its annual shareholder update. The company anticipates closing 2024 with $8.5 million in revenue, a 23% year-over-year growth, and projects $15 million by 2025. MySize is expanding its e-commerce platform, Orgad, into Europe, having received certification to supply a major European retailer. The companys AI solution, Naiz Fit, has significantly improved customer engagement and reduced return rates. MySize is exploring mergers and acquisitions to enhance growth opportunities and scale operations. The company plans to showcase its technologies at CES and NRF in January 2025.
CustomersPartnersAcquisition
growth-positive
MySize present year over year growth, 2025 targets $15M Revenue, Anticipates Strong 2024 Finish close to 100% Growth from 2022
MySize, Inc., a leader in AI-driven sizing solutions and e-commerce platforms, has shared its annual shareholder update, highlighting strong revenue growth and strategic market expansion. The company anticipates closing 2024 with $8.5 million in revenue, marking a 23% year-over-year growth, and projects $15 million by 2025. MySize is expanding its e-commerce platform, Orgad, from North America to Europe, following certification as a supplier for a major European retailer. This expansion is expected to unlock significant growth opportunities. The company is also exploring M&A opportunities within its core industries, aiming for sustainable growth through technological advancements and operational efficiency.
CustomersExpandAcquisition
growth-negative
My Size price target lowered to $3 from $5 at H.C. Wainwright
H.C. Wainwright analyst Kevin Dede has lowered the price target for My Size (MYSZ) from $5 to $3, while maintaining a Buy rating on the shares following the companys September quarter report. Despite the reduced price target, the firm remains optimistic about the potential of My Sizes sizing technology in the garment industry, suggesting that broader adoption is likely in the future. The article highlights the analysts continued bullish stance on the companys technology and its potential impact on the market.
growth-negative
My Size, Inc. (MYSZ) Reports Q3 Loss, Misses Revenue Estimates
My Size, Inc. reported a quarterly loss of $0.64 per share, which was better than the Zacks Consensus Estimate of a loss of $1.14, marking an earnings surprise of 43.86%. Despite this, the company missed the revenue estimate, posting $1.84 million compared to the expected $2.16 million. Over the past four quarters, My Size has surpassed EPS estimates three times but has consistently missed revenue estimates. The companys stock has underperformed significantly, losing about 72.2% since the start of the year, while the S&P 500 gained 25.5%. The future performance of the stock will largely depend on managements commentary and the companys earnings outlook, which currently holds a Zacks Rank #3 (Hold).
Growth-Positive
All You Need to Know About My Size (MYSZ) Rating Upgrade to Buy
My Size, Inc. has been upgraded to a Zacks Rank #2 (Buy), reflecting an upward trend in earnings estimates. The Zacks rating system tracks EPS estimates for the current and following years from sell-side analysts covering the stock. The rating upgrade for My Size reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The company is expected to earn -$4.69 per share for the fiscal year ending December 2024, which represents a year-over-year change of 74.4%. Over the past three months, the Zacks Consensus Estimate for the company has increased 44.7%.
growth-positive
My Size Second Quarter 2024 Earnings: US$1.28 loss per share (vs US$4.23 loss in 2Q 2023)
My Size has reported its second quarter results for 2024. The companys revenue has increased by 53% from the second quarter of 2023, reaching US$1.98m. The net loss has narrowed by 25% from the same period in the previous year, standing at US$964.0k. The loss per share has also improved, from US$4.23 in the second quarter of 2023 to US$1.28 in the second quarter of 2024. The shares of My Size are up by 2.1% from a week ago.
Customers
growth-positive
MySize Reports Second Quarter 2024 Financial Results
MySize, Inc., an AI-driven measurement solutions provider for the e-commerce industry, reported a 53% increase in revenues and a 61% rise in gross profit for Q2 2024. The growth was driven by the strong performances of Orgad and the successful market penetration from Naiz Fit. The companys operating loss narrowed by 44% to $877,000, and net loss improved by 25% to $964,000, reflecting disciplined cost management and strategic focus on higher-margin business segments. As of June 30, 2024, MySize held $3.2 million in cash and cash equivalents.
Customers
growth-positive
3 52-Week-Low Losers Ready to Become Big-Time Stock Winners
The article discusses the potential of three companies, Microvast Holdings, TFF Pharmaceuticals, and My Size, which are currently trading near their 52-week lows. Microvast, a company specializing in advanced battery technology, reported a 49.9% YOY revenue increase in FY23 and is inching towards profitability. TFF Pharmaceuticals, a biotech firm, reported revenues of $733,871 in FY23, up from $495,805 in 2023. My Size, an eCommerce platform, reported revenue of $7 million in FY23, up from $4.5 million last year. Despite some financial metrics missing estimates for Q4 and the whole year, the stock is rated as a Strong Buy.
Investment
growth-positive
My Size (MYSZ) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Shares of My Size, Inc. have been struggling recently, losing 11.1% over the past week. However, a hammer chart pattern was formed in its last trading session, which could indicate a trend reversal. This pattern, combined with a strong agreement among Wall Street analysts in raising earnings estimates for the company, enhances its prospects of a trend reversal. The consensus EPS estimate for the current year has increased 10.3% over the last 30 days. My Size currently has a Zacks Rank #2 (Buy), indicating it is in the top 20% of more than 4,000 stocks that are ranked based on trends in earnings estimate revisions and EPS surprises.
growth-positive
MySize Reports First Quarter 2024 Financial Results: Record Three-Month Revenues and Gross Profits
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, reported a 314% increase in Q1 2024 revenues to $2.98 million, primarily due to revenue generated following the acquisition of Orgad. The companys SaaS revenues increased by 25% to $177,000, and gross profit increased to $1,196,000. The company also entered into a warrant repricing transaction for aggregate gross proceeds of approximately $3.26 million, expected to close on May 20, 2024. MySize continues to collaborate with brand partners to use collected data to increase average basket value, conversion, and reduce returns.
AcquisitionInvestment
growth-positive
My Size Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has regained compliance with Nasdaqs Listing Rule 5550(a)(2) after maintaining a minimum bid price of $1.00 per share for 10 consecutive business days. This development closes the prior bid price deficiency matter. MySize offers solutions like MySizeID and the recently acquired Naiz Fit to enhance revenue growth and cost reduction for business clients. The company has also launched the FirstLook Smart Mirror, a touch display for in-store customers that enhances shopping experiences and facilitates contactless checkout. This product is expected to boost revenues through unit sales and recurring service fees. MySizes proprietary measurement technology has applications across various industries, including apparel and e-commerce.
Product StageAcquisition
growth-positive
My Size Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has regained compliance with Nasdaq Listing Rule 5550(a)(2) after its common stock maintained a minimum bid price of $1.00 per share for 10 consecutive business days. The companys unique measurement technology has broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout.
Public Trading
Growth-Positive
My Size Announces Reverse Stock Split
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has announced that its Board of Directors has approved a one-for-eight reverse stock split of its common stock. The split is scheduled to become effective after trading closes on April 19, 2024. The move is aimed at increasing the per share price and bid price of the companys common stock to regain compliance with the continued listing requirements of Nasdaq and make the common stock more attractive to certain institutional investors.
Public TradingManagement Changes
growth-positive
My Size Announces Reverse Stock Split
MySize, Inc., an AI-driven measurement solutions provider, announced a one-for-eight reverse stock split of its common stock, effective after trading closes on April 19, 2024. This move aims to increase the per share price and bid price to regain compliance with Nasdaqs listing requirements and attract institutional investors. The stock will trade on a split-adjusted basis beginning April 23, 2024, under a new CUSIP number, while maintaining the same Nasdaq symbol MYSZ. The reverse split will reduce the number of outstanding shares from approximately 5.1 million to 0.64 million, without affecting any stockholders ownership percentage, except for fractional shares, which will be rounded up.
growth-positive
My Size Full Year 2023 Earnings: US$2.50 loss per share (vs US$7.47 loss in FY 2022)
My Size has reported its full year 2023 results, showing a revenue of US$7.00m, up 57% from FY 2022. The companys net loss was US$6.38m, a 23% improvement from the previous year. The loss per share also improved from US$7.47 in FY 2022 to US$2.50. The companys shares are up 4.6% from a week ago. However, there are 5 warning signs for My Size that investors should be aware of.
Customers
growth-positive
Naiz Fit, a My Size Inc Company, Unveils Groundbreaking Generative AI Strategies to Revolutionize Fashion Tech
My Size Inc., an omnichannel e-commerce platform, has announced advancements in its subsidiary, Naiz Fit. Naiz Fit is integrating Generative AI into its services to provide personalized and interactive shopping experiences. The company is using advanced natural language processing models to personalize product recommendations and filtering. It is also enabling virtual try-ons from customers photos, eliminating the need for 3D garment modeling. My Size Inc. recently launched FirstLook Smart Mirror, a touch display that provides in-store customers an enhanced shopping experience and contactless checkout.
CustomersExpand
growth-positive
MySize to Exhibit at National Retail Federation 2024 in New York City
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, announced it will exhibit its suite of products at the National Retail Federations (NRF) NRF 2024 Retails Big Show. The products include FirstLook Smart Mirror and digital sizing solutions, MySizeID and Naiz Fit. The event is seen as retails most important event, featuring the latest retail solutions, an Innovation Lab and Startup Zone. MySizes Founder and CEO, Ronen Luzon, and Co-Founder of Naiz Fit, Borja Cembrero Saralegui, will be exhibiting at a booth co-hosted by GK Software.
CustomersPartners
growth-positive
Fox Business Network TV show, Varney and Company Interviews MySize CEO Ronen Luzon
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has been helping over 100 fashion retailers to reduce returns and increase conversion rates. The companys technology uses advanced algorithms and data analytics to accurately predict the correct size and fit for each customer, enhancing the online shopping experience. This has led to a significant reduction in returns, with some customers reporting a decrease of up to 65%.
Customers
growth-positive
Fox Business Network TV show, Varney and Company Interviews MySize CEO Ronen Luzon
MySize, Inc., an omnichannel e-commerce platform, is leveraging its AI-driven measurement solutions to enhance the shopping experience for over 100 fashion retailers by reducing returns and increasing conversion rates. The companys CEO, Ronen Luzon, discussed these advancements on Fox Business Networks Varney and Company. MySizes technology uses advanced algorithms to predict the correct size and fit for customers, significantly reducing return rates. The company recently acquired Naiz Fit and launched the FirstLook Smart Mirror, which enhances in-store shopping experiences and is expected to boost revenues. MySizes innovative solutions are applicable across various industries, including apparel, e-commerce, and shipping.
CustomersAcquisition
growth-positive
MySize Reports Third Quarter 2023 Financial Results: Record Nine-Month Revenues and Gross Profits
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, reported a 197% increase in revenue to $2,156,000 for Q3 2023. The companys gross profit margin increased to 64%, with a gross profit of $1,376,000. The operating loss narrowed by 44% to $1,105,000, and the net loss also narrowed by 44% to $1,132,000. The companys Naiz Fit launched a new product for the workwear and uniforms market, and some of the largest workwear companies in Spain have already become customers.
CustomersExpand
MySize's Naiz Fit Launches New Product for $33 Billion Workwear & Uniforms Market -- Several New Clients Signed
growth-positive
MySize's Naiz Fit Launches New Product for $33 Billion Workwear & Uniforms Market -- Several New Clients Signed
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has launched a new sizing solution product, Naiz Fit Workforce, targeting the $33 billion global workwear and uniforms market. The product aims to solve challenges faced by companies who make workwear and those who purchase uniforms for their employees. Several large workwear companies in Spain, including Santexo, Norvil, Satara Seguridad, and Uniformes Moyua, have already become customers of Naiz Fit Workforce. The company has also received interest from numerous other companies across Europe.
CustomersExpand
growth-positive
MySize Issues Shareholder Update: Revised 2023 Revenue Guidance of ~ $8 Million
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has reported a significant increase in its revenues for 2022, nearly doubling to $4.46 million. This growth has been driven by the companys acquisitions of Naiz Fit and Orgad, which have contributed to a 33-fold surge in revenue over the previous year. The companys AI-driven sizing solutions, MySizeID and Naiz Fit, have also seen significant uptake, with 5 million users and 18 million purchases made using these technologies. The company expects to report third quarter results on November 15, 2023.
AcquisitionCustomersExpand
growth-positive
MySize's Naiz Fit Wins Innovation Award at Paris Retail Week 2023 for its Apparel Sizing Solutions
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has announced that its Spain-based Naiz Fit received the Agile Customer Journey innovation award at Paris Retail Week 2023. Naiz Fit was recognized for its suite of SaaS solutions that help the fashion industry reduce size-related returns. The solutions are used by designers and retailers globally, including brands such as Desigual, Moschino, Levis, Superdry, and Speedo. More than 5 million people have purchased nearly 18 million items using the MySizeID and Naiz Fit apparel sizing solutions.
CustomersPartners
growth-positive
MySize's Naiz Fit Smart Catalogue Uses AI to Solve Major Challenge of Fit in the Jeans Industry
MySize, Inc., an AI-driven measurement solutions provider, has announced the results of a pilot implementation of its Smart Catalogue with Naiz Fits customer, Salsa Jeans. The Smart Catalogue is a software-as-a-service solution that helps fashion designers create patterns that optimize fit, aiming to reduce unsold items and improve economics for fashion brands. Salsa Jeans used the Smart Catalogue to validate its jeans collections size consistency, with the data generated providing valuable insights for the brands future collections and international expansion.
CustomersPartners
growth-positive
MySize to Present at H.C. Wainwright 25th Annual Global Investment Conference
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, announced that its Founder and CEO, Ronen Luzon, will participate in the H.C. Wainwright 25th Annual Global Investment Conference from September 11-13, 2023. The company will present on-demand and participate in one-on-one meetings. MySize offers solutions like MySizeID and the recently acquired Naiz Fit to drive revenue growth and reduce costs. They also launched the FirstLook Smart Mirror to enhance in-store customer experiences. The companys proprietary measurement technology has broad applications across various industries.
Partners
growth-negative
Is My Size (MYSZ) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap
The article discusses the valuation and potential risks associated with investing in My Size Inc (NASDAQ:MYSZ). Despite a recent stock price increase and a seemingly attractive valuation, the company exhibits several risk factors, including a low Altman Z-Score and a high Beneish M-Score, which suggest potential financial distress and earnings manipulation. The article emphasizes the importance of thorough due diligence before making an investment decision in My Size Inc.
Customers
growth-negative
Unpacking the Value Trap: A Deep Dive into My Size Inc (MYSZ)
My Size Inc, a US-based technology company, is currently priced at $2.6, recording a days gain of 13.04% and a 3-month increase of 102.42%. However, despite its seemingly attractive valuation, certain risk factors associated with My Size should not be ignored. These risks are primarily reflected through its low Altman Z-score of -13.13, and a Beneish M-Score of 5.84 that exceeds -1.78, the threshold for potential earnings manipulation. These indicators suggest that My Size, despite its apparent undervaluation, might be a potential value trap.
Customers
growth-positive
MySize's Naiz Fit Sizing Solution Named One of the Top eCommerce Tools in Spain
MySizes Naiz Fit online apparel sizing solution has been chosen as one of the best ecommerce tools of the year by Marketing4ecommmerce in Spain. The tool helps customers find their perfect size in every store and has significantly increased MySizes customer base in Europe. MySize anticipates continued growth in the implementation of their sizing solutions.
Customers
growth-positive
Spanish Fashion Brand La Garrocha Boosts Inventory Management and Revenues with AI-Powered Naiz Fit from MySize
MySize, Inc. announced that La Garrocha, a fashion brand from Spain, has successfully utilized their apparel sizing tool, Naiz Fit, to improve business metrics including inventory management, customer conversations, and sales. Customers using Naiz Fit have generated nearly €600,000 in purchases over the past two years. La Garrocha customers using Naiz Fit exhibited a 127% higher likelihood of completing a purchase compared to those who did not use the tool. This implementation has had a positive impact on La Garrochas bottom line as a significant portion of their sales occur online. MySize aims to empower retailers with AI-powered digital tools to fuel business growth.
Customers
growth-positive
My Size, Inc. (MYSZ) Upgraded to Buy: What Does It Mean for the Stock?
My Size, Inc. has received an upgrade to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates. The Zacks rating system reflects positivity about the companys earnings outlook, which could lead to buying pressure and an increase in stock price. Rising earnings estimates and the rating upgrade imply an improvement in the companys underlying business. Tracking earnings estimate revisions can be rewarding for investment decisions, and the Zacks Rank stock-rating system effectively harnesses the power of these revisions. My Size, Inc. is positioned in the top 20% of Zacks-covered stocks in terms of estimate revisions, indicating potential for the stock to move higher in the near term.
Investment
growth-positive
MySize Reports Second Quarter 2023 Financial Results
MySize, Inc. reported financial and operational results for the three months ended June 30, 2023. The company experienced a 61% increase in consolidated revenue, driven by growth at Orgad and the acquisition of Naiz Fit. Gross profit also increased by 61%, while the gross profit margin remained stable. The company achieved key milestones with its SaaS apparel sizing solutions, including 5 million end users worldwide and €790 million worth of items sold to Naiz Fit and MySizeID users. MySize also gained a strategic partnership with luxury Italian menswear fashion brand Canali. The company expects continued revenue growth and improved operating efficiencies for the rest of 2023.
CustomersAcquisition
growth-positive
MySize's Apparel Sizing Solutions Achieve Key Milestones: 35 Million Size Recommendations with 18 Million Items Sold Worth €790 Million
MySize, Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has announced that its Naiz Fit and MySizeID ecommerce apparel sizing solutions have achieved several key milestones. These include a reduction in size-related returns by up to 65%, 5 million people using Naiz Fit and MySizeID worldwide, and 35.6 million size recommendations made using the solutions. Retailers using MySizeID and Naiz Fit include Levis, Moschino, Superdry, Speedo, Canali, Dockers, U.S. Polo Association, Desigual, El Ganso, Alberta Ferreti, and more.
Customers
growth-positive
7 Hypergrowth Stocks for Getting Rich in 2023
The article discusses seven hypergrowth stocks that could potentially yield high returns in 2023. These include Glimpse Group, a diversified virtual reality and augmented reality platform company; My Size, an omnichannel e-commerce platform and provider of AI-driven apparel sizing and digital experience solutions; Nogin, a company providing enterprise-class tech and expert services for the direct-to-consumer arena; AmpliTech, a company that designs, develops and manufactures radio frequency components; Peraso, a pioneer in high-performance 5G mmWave wireless technology; SpringBig, a cannabis marketing platform; and Society Pass, a company building a digital ecosystem and loyalty platform in Southeast Asia. The article warns of the high risks associated with investing in these stocks.
Investment
growth-negative
MySize Reports First Quarter 2023 Financial Results
MySize, Inc. reported financial and operational results for the three months ended March 31, 2023. The companys consolidated revenue increased by 78% primarily due to the acquisition of Orgad. However, the company experienced an operating loss and a net loss, mainly due to a fire-related inventory write-down. MySizes AI-driven sizing solutions were adopted by several brands, and the company announced plans to launch MySizeID for pets. The CEO reiterated the companys revenue guidance for 2023. The financial results showed an increase in revenue compared to the previous year, but also a decrease in gross profit. The companys cash balance at the end of March 2023 was $2.6 million. MySize is an omnichannel e-commerce platform and provider of AI-driven measurement solutions.
CustomersPartnersInvestment
growth-positive
MySize to Present at Ladenburg Thalmann Tech Expo on April 27, 2023 in New York City
MySize, Inc. announced that its CEO & Founder will present at the Ladenburg Thalmann Tech Expo, providing insights into the companys latest developments, including significant revenue growth in 2022 and the adoption of its AI-driven SaaS digital apparel sizing technologies by global fashion brands. The companys suite of products reduces returns, improves brand/retailer economics, enhances consumer experience, and reduces carbon footprint and waste. The Ladenburg Tech Expo 2023 will feature presentations from over 40 technology companies. MySize, Inc. is an omnichannel e-commerce platform and provider of AI-driven measurement solutions.
InvestmentCustomers
Luxury Italian Menswear Fashion Brand Canali Implements MySize's Naiz Fit Sizing Solution
MySize to Present at the Sequire Investor Summit in Puerto Rico
growth-positive
MySize to Exhibit at the Retail Technology Show 2023 in London
MySize, an omnichannel e-commerce platform and provider of AI-driven measurement solutions, will exhibit at the Retail Technology Show in London to showcase its portfolio of retail technology products. The companys products aim to improve the apparel shopping experience, optimize fit, reduce returns, increase average purchase size, and improve sustainability. MySize and its technology partner, GK Software, will present products such as MySizeID, Smart Catalogue, and First Look Smart Mirror. The company expects increased interest in tools that can improve retailer economics, increase customer satisfaction, and reduce waste. MySize recently acquired Naiz Fit and launched FirstLook Smart Mirror to extend its reach into physical stores. The company is focused on driving revenue growth and reducing costs for its business clients.
Customers
growth-positive
MySize Reports 2022 Full-Year Financial Results: Meets Revenue Guidance of $4.5 Million
MySize, Inc. reported financial and operational results for the twelve months ended December 31, 2022. The company experienced significant growth, with consolidated revenue increasing by 3304% to $4,459,000 compared to the previous year. The acquisition of Orgad and Naiz Fit contributed to this growth. MySize also launched new products, including the FirstLook Smart Mirror and Naiz Fits Smart Catalogue. The companys CEO expects revenues to double in 2023. The financial results for the year ended December 31, 2022, showed an operating loss of $8,110,000 and a net loss of $8,310,000. MySize had a cash balance of $2.1 million at the end of 2022 and raised an additional $3 million in January 2023. The company aims to drive revenue growth and reduce costs through its AI-driven measurement solutions.
AcquisitionInvestment
With Q3 Revenues Growing 2242%, MySize Anticipates Strong Full-Year Growth With $4-$5 Million In Revenues As It Prepares To Release 2022 Year-End Financials
MySizeID for Pets: MySize to Launch AI-Driven Sizing Solution for $5 Billion Pet Clothing Market
growth-positive
Top Fashion Brands Use AI-Driven Omnichannel MySizeID And Naiz Fiz To Deliver The Right Size The First Time Around
MySize Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, is partnering with retailers to help solve fit-related problems in online clothing shopping. A survey revealed that clothing is the most returned item due to fit issues, costing retailers worldwide $642.6 billion. MySizes technology, including the MySizeID solution, allows customers to create a profile and virtually try on clothing items using their smartphones. The company has partnered with brands like Levi Strauss & Co., Forint S.p.a., Estudio de Moda SAS, Temperley London, and 7 For All Mankind. By reducing returns and improving customer confidence in fit, MySize aims to drive revenue growth and reduce costs for its business clients.
CustomersPartners
growth-positive
High Apparel Returns Can Have Significant Impact On The Environment, As An Estimated Five Billion Pounds End Up In Landfills; MySize (NASDAQ: MYSZ) May Have The Solution
MySize Inc., an omnichannel e-commerce platform and provider of AI-driven measurement solutions, is focused on environmental sustainability in the fashion retail industry. The company aims to solve the problems of customers receiving ill-fitting apparel and reducing returns that contribute to landfill waste. Fit-related problems cost retailers worldwide $642.6 billion, and only 48% of returns can be resold at full price. MySizes solutions help brands show their commitment to sustainability, and several well-known brands have already adopted the companys technology. MySize has partnered with fashion labels Rotholz and Natura, as well as clothing brand 7 For All Mankind. The article highlights the growing consumer demand for environmentally responsible shopping habits. MySizes sustainability-focused business practices position it for growth in the industry.
CustomersPartners
MySize to Exhibit at EuroShop in Dusseldorf, Germany
Spanish Menswear Brand Harper & Neyer Implements MySize's Naiz Fit Sizing Solution
growth-positive
MySize Receives Notice of Patent Allowance in Canada for AI & Algorithm-driven Measurement Solution
MySize, Inc. has announced that the Canadian Intellectual Property Office has issued a Notice Allowance for the Companys patent titled A system for and a method of measuring a path length using a handheld electronic device. This patent enhances the methods and systems for measuring a users body part via a handheld electronic device. MySizeIDs proprietary algorithms provide accurate sizing information based on exact measurements. The companys patent estate has proven beneficial to its apparel retail customers, resulting in the acquisition of over 1,000 companies, including Levis, Speedo, Superdry, and Moschino. MySize is experiencing accelerated customer growth due to the economic efficiency metrics of its products and increased awareness of environmental sustainability. The article highlights the companys focus on patents, measurement solutions, revenue growth, cost reduction, and the apparel retail industry.
Customers
growth-positive
MySize's Naiz Fit Sizing Solution Selected by German Sustainability-Focused Fashion Brand Rotholz
MySize, Inc. has announced that Germany-based fashion label Rotholz has selected and implemented the Naiz Fit sizing solution, a MySize product, on its ecommerce site. This partnership will enhance the customer experience and support sustainable shopping. MySize offers AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients. MySizes sizing solutions, MySizeID and Naiz Fit, are software-as-a-service (SaaS) products offered to fashion brands and retailers worldwide. MySize recently launched the FirstLook Smart Mirror, a mirror-like touch display that provides an enhanced shopping experience and contactless checkout. MySize has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with applications in various industries.
Customers
Iconic Eco-Brand Natura Goes Live with MySize's Naiz Fit Sizing Solution for Better Apparel Fit & Better Environment
growth-positive
My Size Announces $3 Million Concurrent Registered Direct Offering and Private Placement Priced At-the-Market Under Nasdaq Rules
MySize, Inc. has entered into definitive agreements for the issuance and sale of its shares of common stock in a registered direct offering and concurrent private placement. The aggregate gross proceeds from both offerings are expected to be approximately $3.0 million. The company intends to use the net proceeds for general corporate purposes, including working capital. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offerings. MySize is an omnichannel e-commerce platform and provider of AI-driven measurement solutions. It recently acquired Naiz Fit and launched the FirstLook Smart Mirror to expand its reach into physical stores.
Investment
MySize to Exhibit at National Retail Federation 2023 in New York City
growth-positive
Diesel Brand Fashion Shoppers in Colombia Soon to Get Optimized Fit with MySize's AI-Driven Sizing Solution
MySize, an omnichannel e-commerce platform and provider of AI-driven measurement solutions, has announced that Estudio de Moda S.A.S., a leading Colombia-based retail company with brands including Diesel, will implement the MySizeID sizing solution on its Diesel Colombia ecommerce site. MySizeID uses sophisticated algorithms and AI to match shoppers with an optimized fit based on a brands product-specific sizing chart. This leads to better fit and reduced size-related returns. The implementation of MySizeID supports Diesels Stand for the Planet corporate commitment to reaching net-zero GHG emissions by 2030.
PartnersCustomers
Newsy's Morning Rush Interviews MySize CEO Ronen Luzon
growth-positive
My Size Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
My Size, Inc. has regained compliance with Nasdaq Listing Rule 5550(a)(2) after its common stock maintained a minimum bid price of $1.00 per share for 10 consecutive business days. The compliance matter is now closed. My Size is an omnichannel e-commerce platform and provider of AI-driven measurement solutions. It recently acquired Naiz Fit and launched the FirstLook Smart Mirror, which is expected to contribute to revenues. The companys measurement technology has applications in various industries. My Sizes website provides more information about its products and services.
Public Trading
growth-positive
MySize's New Smart Catalogue SaaS Product Delivers Data to Optimize Fashion Design--Now Piloted with Top-Tier Global Fashion Brands Desigual, El Ganso, and Silbon
MySize, Inc. has announced that its recently acquired fashion tech company, Naiz Fit, is test piloting Smart Catalogue with several of its current customers. Smart Catalogue is a software-as-a-service (SaaS) solution that helps fashion designers create patterns that optimize fit, aiming to reduce unsold items and improve economics for fashion brands and retailers while reducing environmental footprint. The article highlights the challenges of unsold inventory and the negative impact on fashion brands and the environment. Major retail brands such as Desigual, El Ganso, and Silbon are currently piloting Smart Catalogue. MySize CEO Ronen Luzon emphasizes the value of Smart Catalogue and its alignment with MySizes fashion tech pipeline. The article also provides information about MySizes measurement solutions and its FirstLook Smart Mirror product.
CustomersPartners
growth-positive
MySize Acquires Spain's Naiz Fit
MySize, Inc. has acquired Spain-based Naiz Fit, a provider of SaaS technology solutions for fashion ecommerce companies. The acquisition positions MySize to become one of the leading measurement solution technology providers in the fashion industry and expand its European footprint. The addition of Naiz Fits customers, including Desigual, Moschino, and El Ganso, is expected to contribute an additional $1 million in revenue for MySize in 2023. The acquisition was made for $500,000 in cash and 6 million shares of MySize common stock, with additional future cash payments based on performance milestones. Naiz Fits revenues and financial results will be integrated into MySizes consolidated results for Q4 2022.
CustomersPartners
growth-positive
גלובס זירת העסקים של ישראל
Israeli company MySize, which developed an AI-based algorithm for body size fitting in online shopping, has signed a cooperation agreement with Brazilian giant Santista Textile. The two companies will establish a joint venture to provide South American retailers with smart technological solutions to significantly reduce the number of returns and increase shopping baskets. The partnership will also allow for a reduction in air pollution associated with multiple shipments. MySize, which is traded on the Tel Aviv Stock Exchange and NASDAQ, reported expected revenues of $5 million in the coming fiscal year.
PartnersExpand
growth-positive
British Luxury Brand Temperley London to Implement MySize's MySizeID Apparel Sizing Tech
MySize, Inc. has entered an agreement with Temperley London to license its MySizeID apparel sizing solution. The partnership aims to support Temperley Londons customers in finding the right fit and reduce the potential for returns, resulting in financial and environmental benefits. MySizeID will allow customers to generate accurate measurements of their body through an app on their mobile phone, ensuring a correct fit when purchasing items from Temperley London. The collaboration aligns with Temperley Londons commitment to sustainability and enhances the brands user experience. MySize, Inc. is an omnichannel e-commerce platform and provider of AI-driven measurement solutions.
Customers
growth-positive
לפי המידה: חברת טכנולוגיית האופנה MySize גייסה 12 מיליון דולר
Mysize, a company that has developed an innovative measurement technology for the fashion industry, has completed a funding round of over $12 million led by New York investment bank HC Wainwright. This brings the companys total funding since its inception in 2014 to around $45 million. The company, which is traded on the Tel Aviv Stock Exchange and NASDAQ in the US, has a value of about 62 million shekels. Mysize provides services to about 800 customers worldwide, including Nautica, Speedo, Levis, and Gant. The company plans to use the funds raised to continue growing and expanding in the markets in which it operates.
InvestmentExpand
growth-positive
MySize Significantly Expands its Market Presence in Russia with Several New Retailers
MySize, Inc. has expanded its presence in Russia with four tier 1 retailers and several other retailers for its AI-driven measurement solutions. The addition of these new retailers greatly increases MySizes presence in Russia, which is timely as the pandemic-related crisis boosted e-commerce sales in the country. The expansion aims to improve the conversion rates and lower the return rates of the brands, resulting in a better customer experience and cost savings. The tier 1 retailers include Lacoste, SimaLand, SuperStep, and The Kooples. Additional retailers signed include MonoMio, Swimlane, RusPublica, and 1001dress.
Customers
growth-positive
MySize Announces Partnership Expansion for Nautica Lifestyle Brand
MySize, Inc. has announced a deal to offer its MySizeID application for global lifestyle brand Nautica in Turkey through the Eren Group. The MySizeID app will be made available to Nautica customers in Turkey through their online retail e-commerce site. MySize aims to standardize sizing between brands in e-commerce, reducing costs and maximizing efficiencies for retailers. The partnership with Eren Group opens up opportunities for MySize to integrate with more brands in their portfolio. MySize is focused on growth and expanding its offering to other brands. Nautica is a leading global lifestyle brand known for its water-inspired apparel and accessories. MySize is well-positioned to serve the people of Turkey, a country with over 85 million individuals.
Partners
growth-positive
MySize Signs Agreement with Threads, One of the Largest Uniform Providers in the UAE
MySizes AI-driven measurement solution has been selected by Threads of the UAE, one of the largest manufacturers and distributors of School & Corporate wear uniforms in the UAE. MySizes sizing solution will provide online shoppers with a highly accurate size recommendation, improving sizing efficiencies and lowering return rates for Threads. This partnership will enhance customers online shopping experience and boost their engagement levels and confidence in the brand.
Customers
growth-positive
MySize Awarded Contract from Dockers (Turkey)
MySize, Inc. has been awarded a contract from Dockers (Turkey), a subsidiary of Levi Strauss & Co., to integrate its AI-driven sizing technology solution. The successful integration of MySizes technology has reduced return rates for Levis Turkey by up to 47%. Dockers (Turkey) plans to expand the use of MySizes technology within its family of brands and geographies. MySize expects this expansion to accelerate its revenue growth. Dockers is an American brand of garments and accessories from Levi Strauss & Co.
Customers
MySize Inc seeing 'positive reactions' from retailers after using its MySizeID technology
growth-positive
MySize Receives Notice of Allowance from the Japan Patent Office for MySizeID Smart Measurement Solution
My Size, Inc. has received a Notice of Allowance from the Japan Patent Office for its application related to smartphone measurement solutions. The patent allows the company to enter the Japanese market, which is receptive to smartphone-based solutions. The technology enables customers to obtain highly accurate sizing information based on their exact measurements. My Size now has a total of ten issued patents and nine patent applications pending globally. The company sees the Japanese market as an ideal opportunity for growth, especially in the e-commerce and retail industries. By providing hassle-free perfect fitting apparel, My Size aims to benefit both retailers and customers.
Customers
growth-positive
MySizeID: Reducing the environmental & economic costs of online returns
MySize has developed an innovative solution, MySizeID, to reduce online returns by accurately matching consumers personal measurements with brands size charts. The tool uses data from several sources and personal size measurements to create an accurate and secure sizing profile for consumers. Retailers can seamlessly input size charts for all their garments and connect it to their PLM or inventory system. A two-month pilot with Boyish Jeans resulted in a 31 percent reduction in returns. Implementing MySizeID can lead to an annual global reduction of 1.8M metric tons of CO2 emissions.
CustomersPartners
growth-positive
My Size to Present at the Virtual Summer Summit on June 9th
My Size, Inc., a developer and creator of smartphone measurement solutions, has announced that it will be presenting at the 2020 Virtual Summer Summit from June 9th to 12th. The presentation will be led by Ronen Luzon, CEO, and Or Kles, CFO of My Size Inc., and will be webcast live on the conference event platform. The Investor Summit is a conference dedicated to connecting smallcap and microcap companies with qualified investors.
Investment
growth-positive
My Size CEO Ronen Luzon Featured on One America News Network
My Size, Inc., a developer of smartphone measurement solutions, has been highlighted by CEO Ronen Luzon as a potential solution for retailers struggling with the impact of COVID-19. Luzon, who recently appeared on One America News Network, suggested that retailers need to consider adopting digital strategies during and after the pandemic. MySizeID, a product of My Size, Inc., is a size-recommendation tool based on shoppers personal body measurements, taken with their smartphone sensors without using the camera. The tool can help retail companies reduce costs and enhance shopper experience by providing a more efficient sizing solution for consumers.
CustomersPartners
growth-positive
https://www.jpost.com/Israel-News/Israeli-start-up-MySize-eases-retails-online-returns-problem-598320
MySize, a company specializing in sizing technology for online shopping, is experiencing growth due to the increasing rate of returns in the industry. Return deliveries are expected to cost US businesses $550 billion by 2020. MySizes technology aims to reduce returns by providing accurate measurements for customers to ensure proper fit. The companys SizeUp application, launched in 2015, has already registered 1.5 million downloads. MySize has also developed BoxSizeID, an algorithm to measure the volume and weight of packages, which has garnered interest from logistics companies. MySize is confident that sizing-and-fit technology will become a standard feature on e-commerce sites within the next few years.
CustomersExpand
growth-positive
My Size Announces Integration of MySizeID for Two Leading Apparel Providers Within the Specialist Uniform and Workwear Market
My Size, Inc. announced the integration of its MySizeID smart measurement solution for two leading apparel providers in the specialist uniform and workwear markets. The company sees this as a growing demand for their technology in apparel production. The specialist uniform and workwear vertical represents a significant market opportunity for MySizeID. The MySizeID app is a turnkey solution that helps online shoppers choose the appropriate apparel size based on their real-time body measurements. My Size, Inc. has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications in various industries.
Customers
growth-positive
My Size to Showcase 'MySizeID' to Leading Retailers and Brands at Shoptalk 2019
MySize, Inc. will showcase its smartphone measurement technologies at Shoptalk 2019, a leading industry event for the retail ecosystem. The company will demonstrate how its MySizeID smart mobile measurement solutions can enhance the consumer shopper experience, reduce operating costs, and decrease inefficiencies. MySizeID allows consumers to create their own fit profile using their personal measurements and shop confidently online. The company aims to offer a personalized online shopping experience for apparel. Shoptalk attracts over 8,000 attendees from various sectors. MySize, Inc. has developed measurement technology with applications in apparel, e-commerce, DIY, shipping, and parcel delivery industries.
Customers
growth-positive
My Size Launches MySizeID™ Smart Measurement Fashion App for Android
MySize, Inc. has launched its MySizeID smart measurement technology for Android, expanding its availability to a larger consumer base. The Android version of the app is now available for download in the Google Play Store. MySize will showcase the Android version of MySizeID at NRF 2019 in New York City. The company aims to build market share within the fashion and retail technology markets by providing consumers with a more efficient online shopping experience. MySizeID allows consumers to sync their measurements to a retailers sizing chart, providing accurate recommended sizes for purchase. The company has also recently launched its online store Modelista and partnered with the Lightspeed e-commerce platform. MySize, Inc. continues to focus on expanding its consumer base and increasing consumer loyalty.
Customers
growth-positive
My Size Completes $6 Million Public Offering of Common Stock and Warrants to Purchase Common Stock
My Size, Inc. has announced the closing of its public offering of common stock and warrants, raising $6,000,000 in gross proceeds. The company intends to use the net proceeds for capital expenditures, repayment of indebtedness, and working capital. Roth Capital Partners acted as the sole placement agent for the offering. The securities were offered pursuant to an effective shelf registration statement on Form S-3 previously filed with the SEC. My Size, Inc. is a developer of smartphone measurement applications with broad applications in various industries.
Investment
growth-negative
MySizeID raises $2.5m at 22% discount
MySizeIDs share price has fallen 87% in the past year, leading to a threat of delisting from Nasdaq. The company recently completed a $2.5 million private placement at a 22% discount on the market price, resulting in a market cap of only $13 million. The financing round was conducted through the Roth Capital investment bank, with US financial institutions as investors. The funds raised will be used for business development, marketing, sales, and meeting Nasdaqs requirements for listing. MySizeID must repay short-term debt and expenses from previous rounds. The company is appealing Nasdaqs delisting decision and a hearing is scheduled for January. MySizeID has developed a personal measuring app for smartphones, targeting online clothes shopping and logistics.
Investment
growth-positive
MySize Awarded its First Patent
My Size, Inc. has been awarded its first patent for its Measurement of a Body Part smartphone application. The patent strengthens the companys position as a measurement technology leader in the e-commerce apparel market. The application allows shoppers to choose the right size garment on a retailers website by using accurate measurements taken with their smartphone. My Size has many other patents pending for measurement applications in various markets. The companys technology uses smartphone algorithms to record and document body measurements, ensuring customer privacy.
Customers
growth-positive
MySize Inc. Wins "Most Promising Startup" in the eCommerce Field at the "Go eCommerce" Summit, Israel's Leading Technology Event
MySize, Inc. was awarded Most Promising Startup in the ecommerce field at the Go eCommerce Summit. The company beat dozens of other companies in the competition and received recognition for its innovative and groundbreaking technology. MySize demonstrated its three flagship products during the conference. The article also provides information about MySizes measurement technology and its applications in various industries.
Customers
growth-negative
Israeli Post Terminates Relationship with MySize, Inc.
MySize Inc. announced that it received a letter from the Israeli Postal Service terminating their relationship. The company had previously announced a cooperation agreement with the Israeli Post, but later clarified that it was a proposal and not a definitive agreement. The Israeli Post expressed discontent with the situation and decided to cease communication with MySize.
Partners
growth-positive
MySize Inc. Engaged by Israeli Postal Service to Provide New Measuring Solutions
MySize Inc. has signed a cooperation agreement with the Israeli Post to provide two new services. The first service is a solution for the courier market, allowing users to measure packages using only a smartphone and receive a shipping price quote. The second service, called TrueSize, is aimed at the online fashion apparel market and provides solutions for shipping the correct size. The Israel Post will work with MySize to develop these technology solutions, and after a trial period, a commercial agreement will be finalized. The cooperation agreement is expected to lead to additional savings and benefits for the Israel Posts customers.
Partners
growth-positive
MySize Inc. Announces Plans are Underway to Open a Subsidiary in Poland
MySize Inc. has announced plans to open a subsidiary in Poland with an R&D facility. The company will hire a team in Poland to develop a new product for an existing market. MySize also intends to submit a grant proposal to the European Union through PNO Consultants. The R&D facility will become operational after the grant is approved by the Polish government. MySizes product pipeline is growing, and the company aims to introduce new products that improve the shopping experience for customers and retailers.
Expand
growth-positive
MySize Inc. Launches SizeUp "Measurement from the Air" App at CES 17
MySize Inc. has officially launched its SizeUp DIY measurement from the air app for iOS, with an android version to be introduced in the near future. The app allows users to measure objects by moving their smartphone in the air from the starting point to the end point of the object. Measurements can be taken in inches or centimeters. MySize Inc. aims to revolutionize online shopping by empowering customers to purchase the right size of a product the first time. The company also has a white label product called TrueSize, currently being tested by Trucco, an online apparel retailer in Spain.
CustomersPartners
My Size gets approval to list its stock on NASDAQ as'MYSZ'
growth-positive
My Size raises NIS 10.5m in bid for Nasdaq listing
My Size, a company that has developed an app for buying clothes online, has completed a NIS 10.5 million fundraising round to meet threshold conditions for listing on Nasdaq. Due to a delay in obtaining a Nasdaq listing, My Size has announced its intention to list on AIM in London. The company raised the funds through a convertible loan, which can be converted to shares and warrants. My Size CEO Ronen Luzon stated that the fundraising represents a significant milestone in the process of listing the company on Nasdaq.
InvestmentPublic Trading
growth-positive
Fashion app co MySizeID raises $4m
Israeli company MySizeID has completed a $4 million private placement, in addition to $1.7 million raised since its founding. MySizeID designs fashion apps that use cellphones to measure customers for clothes fittings. The company recently launched an app called SizeUp, which contains a 3D measuring algorithm. MySizeIDs business model is based on commissions for each item purchased using the app and focused advertising. The first fashion company to sign a cooperation agreement with MySizeID is Trucco, a Spanish fashion company. MySizeID was founded in 2014 by CEO Ronen Luzon and currently has 15 employees.
CustomersPartners
growth-positive
MySizeID To Issue Public Offering On NASDAQ
MySizeID, a company developing smart measurement technology, plans to take its companys shares public on NASDAQ. The company has submitted documents to the US Securities & Exchange Commission. MySizeIDs shares are currently traded in Israel at a market cap of NIS 174 million ($45.6 million).
Public Trading
growth-negative
MySizeID set to list on Nasdaq
MySizeID, a company developing a product that allows measurements to be taken by cellphone for online clothing purchases, is preparing for a listing on Nasdaq. The company has submitted documents to the SEC, including a going concern warning. MySizeID has also hired ViewTrade Securities for consultation in the listing process. The company is still in the development stage and has not generated any revenue. It posted operating and net losses in the first quarter. MySizeIDs main shareholders include Shoshana Zigdon, CEO Ronen Luzon, Yisrael Levi, and Boaz Yelinevitz.
Public Trading
growth-positive
MySizeID removes guesswork from online clothes shopping
My Size Inc. has developed an algorithm that measures the body and finds the optimal match between the sizes on the site and the shopper’s size. The company aims to solve the problem of high return rates due to bad fit in online clothing purchases. The company is currently integrating its solution with In Situ S.A., a Spanish fashion brand, to assess its results. My Size Inc. plans to create a unique ID for each company, allowing customers to buy on the site without worrying about size. The company is publicly traded on the Tel Aviv Stock Exchange and plans to raise $20 million for marketing. My Size Inc. targets the US, Europe, and the Far East markets.
CustomersPartners
