My Size(MYSZ)
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MySize Subsidiary Signs Non-Binding LOI to Acquire Selected Assets of EyeFitU to Expand AI Sizing Platform and Global Customer Base
Prnewswire· 2026-03-23 12:15
Core Viewpoint - MySize's subsidiary Naiz Fit has signed a non-binding Letter of Intent (LOI) to acquire selected assets of EyeFitU, aiming to enhance its AI sizing platform and expand its global customer base [1][3]. Company Overview - MySize is a Nasdaq-listed fashion-tech company that addresses issues in online fashion, specifically incorrect sizing and excess inventory. Its platform consists of four main businesses: Naiz Fit, Percentil, Orgad, and 10peaks [2][12]. - Naiz Fit focuses on apparel and footwear sizing, helping brands reduce returns and increase sales [6][12]. Acquisition Details - The proposed acquisition includes EyeFitU's proprietary sizing algorithms, platform technology, customer contracts, and other assets, which are expected to enhance Naiz Fit's capabilities and revenue [3][4]. - EyeFitU generates approximately CHF 350,000 (around $440,000) in annual recurring revenue, which is anticipated to be accretive to Naiz Fit upon closing [4][5]. Strategic Importance - The integration of EyeFitU's technology and customer relationships is expected to strengthen MySize's presence in Northern Europe and other international markets [4][3]. - The acquisition aligns with MySize's strategy to unify innovative sizing technologies and customer data into a comprehensive AI-powered platform [3][4]. Financial Performance - For fiscal year 2024, MySize reported $8.26 million in revenue, an 18% increase from the previous year, with preliminary revenue for 2025 estimated at around $10 million [10][13]. - Management projects revenue growth to approximately $15 million for 2026, indicating a positive trajectory for the company [10].
My Size(MYSZ) - 2025 Q4 - Annual Results
2026-03-03 21:15
Financial Results - My Size, Inc. reported estimated preliminary financial results for the year ended December 31, 2025, which are detailed in the press release dated March 3, 2026[5] Company Information - The company is listed on the Nasdaq Capital Market under the trading symbol MYSZ[3] Investor Communication - The press release includes a letter from the CEO to stockholders, indicating ongoing communication with investors[7]
MySize Issues CEO Letter to Stockholders
Prnewswire· 2026-03-03 14:48
MySize Issues CEO Letter to Stockholders [Accessibility Statement] Skip NavigationAIRPORT CITY, Israel, March 3, 2026 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ), a fashion-tech company built around businesses that help brands reduce returns and move inventory more efficiently, today issued a Letter to Shareholders from Ronen Luzon, Chief Executive Officer.Dear Shareholders,As previously announced, on March 2, 2026, MySize received a notice from The Nasdaq Stock Market stating that the closing bid price of ...
Percentil a subsidiary of MySize Expands Second-Hand Fashion Distribution Across Europe Through Amazon Marketplace
Prnewswire· 2026-01-28 13:00
Core Insights - MySize Inc. has announced the expansion of its circular fashion subsidiary, Percentil, into the European second-hand fashion market through Amazon's marketplace, starting with Spain [1][2]. Industry Overview - The European second-hand apparel market is estimated to be a €30–40 billion opportunity and is growing faster than the primary apparel market, driven by increasing consumer adoption of circular fashion and online marketplaces [3]. - Spain is identified as an attractive entry point for this expansion, with over 90% of Spanish online shoppers using Amazon annually [3]. Company Strategy - Percentil's collaboration with Amazon allows it to access a broad base of European consumers while maintaining control over sourcing, quality standards, pricing, and inventory selection [2][4]. - At launch, Percentil has over 100,000 authenticated second-hand items available for allocation to Amazon, having processed over 12 million items historically from more than 70,000 fashion brands [4][6]. - Percentil's own marketplace remains the primary sales platform, while Amazon serves as a complementary channel to improve inventory rotation and expand consumer reach without additional fixed-cost investments [5][6]. Future Outlook - The initial rollout in Spain is seen as a potential blueprint for future expansion into additional European markets, with a multi-channel approach enhancing Percentil's ability to scale and respond to demand signals [7][8].
Israeli based leading fashion technology company MySize Inc. Expands Strategic Focus on APAC Amid Growing Demand for AI-Driven Fashion Technology and Overstock Management Solutions
Prnewswire· 2026-01-14 14:00
Core Insights - MySize Inc. is strategically focusing on the Asia-Pacific (APAC) region due to increasing demand from fashion brands and retailers, indicating strong market validation for its AI-driven fashion technology and overstock management solutions [1][5][7] Group 1: Strategic Focus and Market Engagement - MySize has been selected to present at LINK FASHION, an international conference in Shanghai, showcasing its AI technologies that enhance size accuracy and inventory management [2][3] - The company aims to transition from providing individual solutions to a comprehensive AI-driven platform, enabling brands to adopt preventive and margin-focused inventory management [4][6] Group 2: Operational Footprint and Partnerships - MySize has established a solid operational presence in the APAC region, particularly in Australia, serving notable clients like WorkWear Group and R.M. Williams, which highlights its capability to support both large enterprises and premium brands [5][6] - The company views APAC as a long-term growth region, with validated technology and expanding operational capabilities, positioning it well for international scaling [7]
MySize Explores Unlocking the "DNA of Fashion" Through Privacy-First Data Intelligence
Prnewswire· 2026-01-13 13:45
Core Insights - MySize, Inc. is evaluating new opportunities to monetize its portfolio of aggregated and anonymized data intelligence assets in a responsible manner [1] Data Intelligence Insights - MySize's platforms have generated large-scale, privacy-compliant insights related to apparel fit trends, sizing mismatches, and product-level performance across brands and retailers, derived exclusively from anonymized and aggregated data [2] - The company is developing a secure Data Intelligence Framework to provide brands, manufacturers, and industry partners with access to insights that support demand planning, inventory optimization, customer trends, product design, and sustainability initiatives [3] Business Model Exploration - MySize is assessing usage-based digital access models, such as data credits, allowing enterprise customers to consume insights in a controlled, transparent, and scalable manner, built with a privacy-first approach and in compliance with data protection regulations like GDPR and CCPA [4] - The initiative remains in an exploratory phase, with no assurance regarding the timing, scope, or potential financial impact of future commercialization [5]
MySize Inc. Advances AI Roll-Up Strategy in Retail and Fashion Through Targeted Acquisition Focus
Prnewswire· 2026-01-09 13:15
Core Insights - MySize, Inc. is advancing its strategic initiative to build a scalable AI-driven platform through the identification and potential acquisition of complementary technology companies [1][2] Group 1: Strategic Approach - The company's strategy is centered on a disciplined "AI roll-up" approach, focusing on selectively acquiring businesses with proven technologies, proprietary data assets, and established customer relationships [2] - This approach aims to accelerate innovation, expand market reach, and enhance value delivered to retailers and brands globally [2] Group 2: Evaluation of Opportunities - MySize is evaluating opportunities beyond pure technology companies, including retail and commerce-oriented businesses that can benefit from its AI capabilities, data infrastructure, and operational expertise [3] - The company is building a diversified, integrated fashion platform designed to serve brands and retailers across the full value chain, combining AI technology, circular fashion, recommerce, overstock management, and international growth [3] Group 3: Operational Integration - MySize intends to leverage its operational experience, technology infrastructure, and growing global footprint to integrate acquired capabilities into its platforms, including Naiz Fit, while driving both organic and inorganic growth [4] - The CEO of MySize emphasized that the retail and fashion industries are entering a new phase where scale, data, and AI capabilities will increasingly determine long-term winners [4] Group 4: Company Overview - MySize, Inc. is a global leader in omnichannel e-commerce platforms and AI-driven sizing solutions, designed to drive revenue growth, reduce operational costs, and enhance customer experiences for business clients worldwide [5]
MySize Issues CEO Letter to Shareholders
Prnewswire· 2025-12-29 13:09
Core Viewpoint - MySize has transformed into a multi-faceted company with four active businesses generating revenue and a clear path toward operational scale [1][2][3] Business Operations - The company operates under a unified platform strategy addressing challenges in the global fashion industry through AI-driven sizing, commerce enablement, resale infrastructure, and data intelligence [2] - MySize expects to close 2025 with approximately $10 million in revenue and an estimated $4 million in cash on the balance sheet, providing operational flexibility [3] Platform Strategy - MySize is no longer a single-product company; its competitive advantage lies in the integration of various technologies across its platform [4] - The integrated approach creates switching costs, improves customer economics, and generates data network effects as adoption increases [4] Revenue Growth and Projections - The company anticipates a revenue trajectory of approximately $15 million in 2026, driven by existing customer relationships and cross-selling opportunities [5] - As revenue scales, MySize expects to demonstrate progress toward operating breakeven with improved unit economics [6] Strategic Focus - 2025 is viewed as an inflection year for MySize, marking the transition from platform-building to visible financial progress [7] - The company emphasizes capital discipline and strategic optionality, focusing on execution within existing business lines before considering partnerships or acquisitions [8][9] Historical Context - MySize has evolved from a company without products or revenue to one with operational technology, live customers, and growing revenue [10] - The focus moving forward is on execution rather than reinvention, building on the established platform [11]
My Size(MYSZ) - 2025 Q3 - Quarterly Results
2025-12-29 13:02
Company Overview - My Size, Inc. reported its third quarter results for the period ending September 30, 2025[5]. - The press release detailing the financial results was issued on November 14, 2025[5]. - The company is listed on the Nasdaq Capital Market under the trading symbol MYSZ[3]. - My Size, Inc. is incorporated in Delaware and has an IRS Employer Identification Number of 51-0394637[2]. - The CEO of My Size, Inc. is Ronen Luzon, who signed the report[12]. Financial Information - The report does not include specific financial metrics or performance indicators in the provided content[6]. - The filing does not include any new product developments or market expansion strategies[6]. - There are no details on user data or future guidance provided in the current report[6]. - The report includes an interactive data file formatted as Inline XBRL[8]. Company Status - The company has not indicated whether it is an emerging growth company[4].
My Size (MYSZ) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-11-28 18:01
Core Viewpoint - My Size, Inc. (MYSZ) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Company Performance and Investor Sentiment - The upgrade reflects an improvement in My Size's underlying business, suggesting that investor sentiment may drive the stock price higher [5]. - Over the past three months, the Zacks Consensus Estimate for My Size has increased by 5.9%, indicating a positive revision trend [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7]. - My Size's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].