MySize Reports Third Quarter 2023 Financial Results: Record Nine-Month Revenues and Gross Profits
"Our nine-month revenues for the period ended September 30, 2023 were $4,166,000, a record for MySize, more than doubling over the same period last year, while our gross profits jumped by 4.5-fold to $1,468,000.
- "Our nine-month revenues for the period ended September 30, 2023 were $4,166,000, a record for MySize, more than doubling over the same period last year, while our gross profits jumped by 4.5-fold to $1,468,000.
- We believe we are well positioned with ample inventory for the upcoming holiday shopping season to support near-term revenues.
- The increase was primarily attributable to growth at Orgad as well as from SaaS revenues generated by Naiz Fit.
- Gross profit for the three months ended September 30, 2023 increased to $1,376,000 compared to a loss of $151,000 for the three months ended September 30, 2022.