Yigal Cohen-Orgad

MySize Issues Shareholder Update: Revised 2023 Revenue Guidance of ~ $8 Million

Retrieved on: 
Monday, October 30, 2023

AIRPORT CITY, Israel , Oct. 30, 2023 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today issued a shareholder update from its Founder and CEO, Ronen Luzon.

Key Points: 
  • Dear MySize Partners and Shareholders,
    Before providing a business update on MySize, first, I must address the unprecedented October 7 attack on Israel by the terrorist group Hamas.
  • For the 12 months ended December 31, 2022, MySize reported revenue of $4,459,000 compared to $131,000 for fiscal 2021.
  • $4,132,000 of our total 2022 revenue came from Orgad's operations commencing on February 7, 2022, the date Orgad's acquisition closed.
  • While we reported revenues of approximately $2 million during the first half of 2023 and previous revenue guidance of between $9 to $10 million for 2023, based on the current revenue run rate and upcoming holiday shopping season, we expect approximately $8 million in revenues for the 12 months ended December 31, 2023 bringing us closer to cash-flow positive.

MySize Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023

AIRPORT CITY, Israel, Aug. 14, 2023 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today reported financial and operational results for the three months ended June 30, 2023.

Key Points: 
  • AIRPORT CITY, Israel, Aug. 14, 2023 /PRNewswire/ -- MySize , Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today reported financial and operational results for the three months ended June 30, 2023.
  • For the balance of 2023, we expect continued robust growth revenue growth and improved operating efficiencies as we move toward cash flow positive."
  • Financial Results for Three Months Ended June 30, 2023
    Revenue for the three months ended June 30, 2023 increased 61% to $1,290,000 compared to $801,000 for the three months ended June 30, 2022.
  • Gross profit for the three months ended June 30, 2023 increased 61% to $519,000 compared to $322,000 for the three months ended June 30, 2022.

MySize Reports 2022 Full-Year Financial Results: Meets Revenue Guidance of $4.5 Million

Retrieved on: 
Friday, April 14, 2023

Importantly, our fourth quarter revenues, which came in at about $2.5 million are a strong indication that we are on a path to double revenues in 2023.

Key Points: 
  • Importantly, our fourth quarter revenues, which came in at about $2.5 million are a strong indication that we are on a path to double revenues in 2023.
  • The increase was primarily attributable to $4,132,000 in revenue generated from Orgad commencing on February 7, 2022, the date the Orgad's acquisition was closed.
  • Revenues from Naiz Fit were recorded as of October 11, 2022, the date of the closing of the Naiz Fit acquisition.
  • Gross profit for the twelve months ended December 31, 2022 was $634,000 compared to $131,000 for the twelve months ended December 31, 2021.

MySize Receives Notice of Patent Allowance in Canada for AI & Algorithm-driven Measurement Solution

Retrieved on: 
Tuesday, February 7, 2023

This patent encompasses the methods and systems for measuring a body part of a user via a handheld electronic device.

Key Points: 
  • This patent encompasses the methods and systems for measuring a body part of a user via a handheld electronic device.
  • MySizeID's proprietary algorithms leverage the smartphone's built-in sensors and fuse the data produced with anthropometric data.
  • MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout.
  • Register here for the MySizeID solution for your online store and here for the Naiz Fiz solution.

Iconic Eco-Brand Natura Goes Live with MySize's Naiz Fit Sizing Solution for Better Apparel Fit & Better Environment

Retrieved on: 
Tuesday, January 17, 2023

AIRPORT CITY, Israel , Jan. 17, 2023 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"),  an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today announced that Spain-based Natura has fully implemented and gone live with the Naiz Fit sizing solution, a MySize product.

Key Points: 
  • Chiara Castellano, Head of eCommerce for Natura commented, "Our stated goal since our company's founding has been finding a balance between profits and principles.
  • Having recently integrated the Naiz Fit solution, we expect our customers to experience even better fit and comfort with clothing purchases at our online and physical stores, thereby significantly reducing returns and associated waste."
  • "This latest customer implementation is a direct result of our acquisition of Naiz Fit in Q3 2022.
  • Register here for the MySizeID solution for your online store and here for the Naiz Fiz solution.

Diesel Brand Fashion Shoppers in Colombia Soon to Get Optimized Fit with MySize's AI-Driven Sizing Solution

Retrieved on: 
Thursday, January 5, 2023

AIRPORT CITY, Israel, Jan. 5, 2023 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"),  an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, today announced that Estudio de Moda S.A.S., a leading Colombia-based retail company with a portfolio of brands including Diesel, Celio, Superdry, Marithe François Girbaud, Replay, is set to implement the MySizeID sizing solution on its Diesel Colombia ecommerce site.

Key Points: 
  • MySizeID uses sophisticated algorithms and AI to match shoppers with an optimized fit based on a brand's product-specific sizing chart.
  • "Estudio de Moda is a trusted Colombian partner to the top fashion brands in the world.
  • MySize's sizing solutions, MySizeID and Naiz Fit, are software-as-a-serve (SaaS) products offered to fashion brands and retailers worldwide.
  • Register here for the MySizeID solution for your online store and here for the Naiz Fiz solution.

Newsy's Morning Rush Interviews MySize CEO Ronen Luzon

Retrieved on: 
Wednesday, December 28, 2022

AIRPORT CITY, Israel, Dec. 28, 2022 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, announced today the Company's Founder and CEO, Ronen Luzon, was interviewed by Newsy's Morning Rush Co-anchor Alex Livingston on December 27, 2022.

Key Points: 
  • AIRPORT CITY, Israel, Dec. 28, 2022 /PRNewswire/ -- MySize , Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, announced today the Company's Founder and CEO, Ronen Luzon, was interviewed by Newsy's Morning Rush Co-anchor Alex Livingston on December 27, 2022.
  • View the segment titled "Reducing Holiday Returns with AI with MySize CEO Ronen Luzon" here: LINK
    "Morning Rush" helps viewers navigate the news of the day from the heavy traffic in Washington DC to the breezy backroads of Anytown USA.
  • With interviews featuring newsmakers such as Labor Secretary Marty Walsh or former FDA Commissioner Scott Gottleib, "Morning Rush" drives through the halls of power to tell you how the issues of the day will impact the lives of everyone.
  • MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout.

My Size Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

Retrieved on: 
Tuesday, December 27, 2022

The Nasdaq staff made this determination of compliance after the closing bid price of the Company's common stock was at $1.00 per share or greater for the prior 10 consecutive business days.

Key Points: 
  • The Nasdaq staff made this determination of compliance after the closing bid price of the Company's common stock was at $1.00 per share or greater for the prior 10 consecutive business days.
  • Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed.
  • Orgad, its online retailer platform, has expertise in e-commerce, supply chain, and technology operating as a third-party seller on Amazon.com and other sites.
  • My Size recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout.

Newsmax's National Report Interviews MySize CEO Ronen Luzon

Retrieved on: 
Friday, December 23, 2022

AIRPORT CITY, Israel, Dec. 23, 2022 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"),  an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, announced today the Company's Founder and CEO, Ronen Luzon, was a guest on Newsmax's National Report show hosted by Shaun Kraisman on December 22, 2022.

Key Points: 
  • AIRPORT CITY, Israel, Dec. 23, 2022 /PRNewswire/ -- MySize , Inc. (NASDAQ: MYSZ ) (TASE: MYSZ.TA ) ("MySize" or the "Company"),  an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients, announced today the Company's Founder and CEO, Ronen Luzon, was a guest on Newsmax's National Report show hosted by Shaun Kraisman on December 22, 2022.
  • "National Report" with host Shaun Kraisman airs each weekday live from Newsmax TV studios in Manhattan, bringing viewers across the heartland breaking news, and in-depth analysis on the day's news.
  • MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout.
  • Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission.

MySize's Sizing Tech Benefits Levi's Direct-to-Consumer Sales: Article in Modern Retail "Most-Clicked Stories" by National Retail Federation

Retrieved on: 
Thursday, December 15, 2022

"Determining the correct size and fit is a challenge for online apparel retailers and brands looking to increase their DTC sales.

Key Points: 
  • "Determining the correct size and fit is a challenge for online apparel retailers and brands looking to increase their DTC sales.
  • MySize's sizing solutions, MySizeID and Naiz Fit, are software-as-a-serve (SaaS) products offered to fashion brands and retailers worldwide.
  • Please click here for a demonstration of how MySizeID provides a full sizing solution for the retail industry.
  • Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission.