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My Size, Inc - MYSZ STOCK NEWS

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, TASE: MYSZ) is a cutting-edge technology company headquartered in the USA that has revolutionized measurement technology through sophisticated algorithms. This innovation finds applications across various industries, including apparel e-commerce and DIY projects on smartphones and tablets. Founded to simplify online clothing shopping by reducing the rate of returns due to incorrect sizing, My Size's patented algorithms accurately calculate and record measurements, enabling consumers to find the perfect fit without trying on clothes.

My Size's flagship products, MySizeID and Naiz Fit, offer AI-driven solutions that cater to both online and in-store shoppers. The company has also expanded its portfolio with the FirstLook Smart Mirror, an interactive touch display designed to enhance the in-store shopping experience and facilitate contactless checkouts.

With successful partnerships and collaborations, My Size supports well-known brands like Levi's, Speedo, Dockers, and Perry Ellis, contributing to over 5 million users and 18 million purchases globally. The company boasts a significant reduction in size-related returns, up to 65%, a testament to the efficacy of their solutions.

My Size's recent achievements include the acquisition of Naiz Fit, leading to multiple revenue streams and significant growth. The company reported impressive financial results, with revenues nearly doubling in 2022 to $4.46 million and anticipated to reach approximately $8 million for 2023. Their SaaS solutions for the fashion industry recently won the 'Agile Customer Journey' innovation award at the Paris Retail Week 2023, further cementing their influence in the retail sector.

My Size continues to innovate with new products like Naiz Fit Workforce, targeting the $33 billion workwear market, and integrating Generative AI for enhanced personalization and virtual try-ons. Their commitment to innovation and efficiency positions them as a leader in the fashion-tech industry.

For more information, visit their official website: www.mysizeid.com. Follow them on Facebook, LinkedIn, Instagram, and Twitter.

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MySize, Inc. (Nasdaq: MYSZ) has announced that CEO Ronen Luzon will present at the Sequire Investor Summit in Puerto Rico from April 24 to 26, 2023. During the presentation on April 25, he will highlight the company's milestones in 2022, which included a remarkable 3300% revenue growth, reaching $4.5 million, and a projected doubling of revenues for 2023. MySize's innovative sizing solutions, MySizeID and Naiz Fit, have gained traction among major fashion and retail brands, driven by their impact on cost and carbon footprint savings. The event will facilitate one-on-one meetings with management for investors interested in learning more about the company's future.

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MySize Inc. (Nasdaq: MYSZ) is scheduled to exhibit at the Retail Technology Show in London on April 26-27, 2023. The company focuses on enhancing the apparel shopping experience through its AI-driven solutions, which aim to optimize fit, reduce product returns, and improve sustainability.

MySize will showcase three key products: MySizeID, an AI-driven sizing tool; Smart Catalogue, a SaaS tool for fashion designers; and the First Look Smart Mirror, which merges online and in-store shopping experiences. CEO Ronen Luzon emphasized the importance of AI in retail and expressed optimism about increasing customer engagement and satisfaction.

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MySize, Inc. (Nasdaq: MYSZ) reported its financial results for 2022, achieving a remarkable 3304% revenue increase to approximately $4.46 million, driven by the acquisition of Orgad. The Q4 revenues reached about $2.5 million, with the company projecting a doubling of revenues in 2023 based on current run-rate. SaaS revenues surged 150% to $327,000, while gross profit rose 384% to $634,000. Despite a decreased operating loss of $8.11 million and net loss of $8.31 million, the company indicated improvement in its financial trajectory. MySize also expanded its market presence through acquisitions and innovative product launches like the FirstLook Smart Mirror, enhancing both in-store and online shopping experiences.

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MySize Inc. (NASDAQ:MYSZ) reported remarkable revenue growth for Q3 2022, showing a 2242% increase to $726,000 compared to the previous year. This surge is primarily attributed to the acquisition of e-commerce platform Orgad, which generated $685,000 in revenue during the same quarter. The company's flagship product, MySizeID, also saw a 32% revenue growth to $41,000. With expectations of total revenues between $4 million to $5 million for 2022, MySize's financial results indicate positive momentum for future growth. The company aims to capitalize on recurring revenue streams from its SaaS products, which boast gross margins up to 80%. Furthermore, the recent acquisition of Naiz Fit is anticipated to contribute an extra $1 million in revenue in 2023, broadening MySize's market presence.

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GK has been recognized as a Leader in the IDC MarketScape for Worldwide Point-of-Sale Software for Large Apparel and Softlines Retail 2023. This acknowledgment highlights GK's commitment to innovation through investments in artificial intelligence, augmented reality, and data analytics. The report identifies key differentiators for GK's solutions, including a unified commerce platform serving various retail segments and innovative features like smart mirrors and real-time predictions. GK aims to enhance the shopping experience and reduce return rates by collaborating with partners like My Size, Inc. (NASDAQ: MYSZ).

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MySize, Inc. (Nasdaq: MYSZ) announced the upcoming launch of its MySizeID apparel sizing solution tailored for the estimated $5 billion pet apparel market, focusing on dogs and cats. This innovative solution is projected to capitalize on the pet apparel industry's growth potential, which is expected to reach $7 billion by 2028, driven by factors such as increased pet ownership and consumer demand for sustainable options. The company aims to enhance the shopping experience for pet owners while reducing return rates and associated environmental impacts.

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MySize, a provider of AI-driven measurement solutions, will exhibit at EuroShop from February 26 - March 2, 2023. The company, in partnership with GK Software, will showcase products like MySizeID and Naiz Fit, aimed at enhancing customer experience and operational efficiency for retailers. MySize's recent acquisition of Naiz Fit has expanded its reach into leading European fashion brands. The exhibition will feature advanced solutions, including the FirstLook Smart Mirror, designed to improve in-store shopping.

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MySize, Inc. (Nasdaq: MYSZ) announces the successful implementation of its Naiz Fit sizing solution by Harper & Neyer, a prominent menswear brand in Spain. This integration aims to minimize returns due to sizing issues across Harper & Neyer's global e-commerce platforms. With 21 stores in Spain, France, Italy, Andorra, Portugal, and Mexico, Harper & Neyer targets active men seeking stylish outfits. MySize's CEO highlights Naiz Fit's growing prominence among European fashion retailers, leveraging local marketing and service for enhanced adoption. This collaboration marks a step forward for MySize's portfolio aiming at revenue growth through AI-driven measurement solutions.

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MySize, Inc. (NASDAQ: MYSZ) has received a Notice Allowance from the Canadian Intellectual Property Office for its patent on a method to measure body parts using handheld electronic devices. This patent, which is part of a growing portfolio of approximately 20 issued and pending patents, reinforces MySize's commitment to enhancing AI-driven measurement solutions in the retail sector. The company's technology leverages smartphone sensors for accurate sizing, benefiting over 1,000 apparel retail clients like Levi's and Speedo. CEO Ronen Luzon noted the increasing value of their patent estate, correlating with improved economic efficiency and environmental sustainability metrics.

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FAQ

What is the current stock price of My Size (MYSZ)?

The current stock price of My Size (MYSZ) is $1.535 as of October 31, 2024.

What is the market cap of My Size (MYSZ)?

The market cap of My Size (MYSZ) is approximately 1.6M.

What does My Size, Inc. do?

My Size, Inc. develops AI-driven measurement solutions to help consumers find the perfect fit for their clothing, reducing returns and enhancing e-commerce experiences.

What are My Size's main products?

My Size's main products include MySizeID, Naiz Fit, and the FirstLook Smart Mirror, all designed to provide accurate sizing solutions and improve shopping efficiency.

How has My Size impacted the fashion industry?

My Size has significantly reduced size-related returns by up to 65%, improved business efficiencies, and enhanced the shopping experience for major brands like Levi's and Speedo.

What recent achievements has My Size accomplished?

My Size recently won the 'Agile Customer Journey' innovation award at Paris Retail Week 2023 and launched Naiz Fit Workforce, targeting the global workwear market.

How does My Size generate revenue?

My Size generates revenue through product sales, licensing cloud-enabled software subscriptions, and associated software maintenance and support.

What financial growth has My Size experienced?

My Size's revenue nearly doubled to $4.46 million in 2022, and they expect to reach approximately $8 million for 2023 due to strategic acquisitions and product innovations.

Who are some of My Size's notable partners?

Notable partners include Levi's, Speedo, Dockers, Perry Ellis, and Diesel, among others, who utilize My Size's solutions for better fit and reduced returns.

What is My Size's latest innovation?

My Size has integrated Generative AI into Naiz Fit, offering personalized shopping experiences and virtual try-ons, and launched Naiz Fit Workforce for the workwear market.

Where can I learn more about My Size?

For more information, visit My Size's official website at www.mysizeid.com and follow them on social media platforms like Facebook, LinkedIn, Instagram, and Twitter.

How is My Size contributing to sustainability?

By reducing size-related returns, My Size's solutions help lower the carbon footprint associated with shipping and returns, promoting a more sustainable fashion industry.

My Size, Inc

Nasdaq:MYSZ

MYSZ Rankings

MYSZ Stock Data

1.61M
1.07M
8.91%
4.34%
1.45%
Software - Application
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United States of America
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