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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.

News

MySize Reports Third Quarter 2023 Financial Results: Record Nine-Month Revenues and Gross Profits

Rhea-AI Summary
MySize, Inc. (MYSZ) reports Q3 revenues of $2.16 M, up nearly 200% over the prior year. The company also reiterates revenue guidance of $8 M for the year. Gross margin in Q3 was 64%. The company's financial and operational results reflect significant growth driven by acquisitions and SaaS solutions. MySize also achieved key metrics with its apparel sizing solutions, witnessed by its 5.6 million end users, 43.6 million size recommendations, and over 7.7 million orders.
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3.81%
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earnings
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MySize's Naiz Fit Launches New Product for $33 Billion Workwear & Uniforms Market -- Several New Clients Signed

Rhea-AI Summary
MySize, Inc. announces the launch of Naiz Fit Workforce, a new sizing solution product for the workwear and uniforms market. The product uses AI-driven sizing solutions to address challenges faced by companies in this industry. Several workwear companies in Spain have already become customers, and there is high interest in the product from other companies across Europe. The global workwear market is valued at $33 billion and is expected to reach nearly $40 billion by 2028.
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17.15%
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MySize Issues Shareholder Update: Revised 2023 Revenue Guidance of ~ $8 Million

Rhea-AI Summary
MySize, Inc. reports nearly doubled growth in 2022 revenues, reaching $4.46 million. The growth is attributed to the success of Orgad and the Naiz Fit and MySizeID AI-driven sizing solutions. MySize expects approximately $8 million in revenues for the 12 months ending December 31, 2023. The company's AI-driven solutions have garnered 5 million users and facilitated 18 million purchases.
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15%
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MySize's Naiz Fit Wins Innovation Award at Paris Retail Week 2023 for its Apparel Sizing Solutions

Rhea-AI Summary
MySize's Naiz Fit receives the 'Agile Customer Journey' innovation award at Paris Retail Week 2023, resulting in up to a 65% reduction in size-related returns compared to shoppers who did not use the solution at the same stores and for the same SKUs. MySize and Naiz Fit sizing solutions are used by global designers and retailers, including brands such as Desigual, Moschino, Levi's, Superdry, and Speedo.
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-2.56%
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MySize's Naiz Fit Smart Catalogue Uses AI to Solve Major Challenge of Fit in the Jeans Industry

Rhea-AI Summary
Salsa Jeans leverages Smart Catalogue to improve fit and size merchandizing. Smart Catalogue helps reduce unsold items and improve economics for fashion brands. Salsa Jeans used Smart Catalogue to validate size consistency and adjust sizing for optimal fit. The data generated by Smart Catalogue will inform future collections and international expansion. Salsa plans to use Smart Catalogue for ecommerce sales and build AI models for design.
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2.56%
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MySize to Present at H.C. Wainwright 25th Annual Global Investment Conference

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MySize, Inc. announces CEO's participation in H.C. Wainwright 25th Annual Global Investment Conference.
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-2.24%
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MySize's Naiz Fit Sizing Solution Named One of the Top eCommerce Tools in Spain

Rhea-AI Summary
MySize's Naiz Fit online apparel sizing solution has been chosen as one of the best ecommerce tools of the year by Marketing4ecommmerce in Spain, supporting sales and indicating potential growth in Europe.
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8.7%
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Spanish Fashion Brand La Garrocha Boosts Inventory Management and Revenues with AI-Powered Naiz Fit from MySize

Rhea-AI Summary
MySize's Naiz Fit tool delivers 127% increase in conversion rate for La Garrocha, generating nearly €600,000 in purchases. Customers using Naiz Fit are 127% more likely to complete a purchase. Positive impact on brand's bottom line.
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11.27%
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MySize Reports Second Quarter 2023 Financial Results

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11.3%
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MySize's Apparel Sizing Solutions Achieve Key Milestones: 35 Million Size Recommendations with 18 Million Items Sold Worth €790 Million

Rhea-AI Summary
MySize's Naiz Fit and MySizeID achieved significant milestones, reducing size-related returns by up to 65% and reaching 5 million users worldwide. Over 35.6 million size recommendations have been made, resulting in 17.9 million purchases through 7 million orders. MySize's solutions are available in 13 languages and are used by top brands like Levi's and Moschino.
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8.62%
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FAQ

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

The current stock price of My Size (MYSZ) is $2.07 as of January 22, 2025.

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

The market cap of My Size (MYSZ) is approximately 3.4M.

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.
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My Size, Inc

Nasdaq:MYSZ

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MYSZ Stock Data

3.40M
1.17M
8.34%
6.26%
0.51%
Software - Application
Services-prepackaged Software
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United States of America
AIRPORT CITY