Core Insights - MySize, Inc. reported strong revenue growth, anticipating $8.5 million in revenue for 2024, which represents a 23% year-over-year increase, with a projection of reaching $15 million by 2025 [3][4] - The company is strategically expanding its geographic reach, moving from a North America focus to entering the European market, following certification as a supplier for a major European retailer [5][6] - MySize is exploring mergers and acquisitions (M&A) to enhance growth opportunities, aiming to expand product offerings, accelerate market reach, and optimize operational synergies [10][11] Revenue Growth and Financial Performance - MySize expects to close 2024 with $8.5 million in revenue, reflecting a 23% year-over-year growth [3] - The company believes it can achieve $15 million in revenue by 2025 based on current market conditions [3] - Operational cost savings are anticipated to enhance cash flow management and support strategic investments [3] Geographic Expansion - The company is shifting its e-commerce platform, Orgad, to expand operations across Europe [5] - Certification as a supplier for a major European retailer is seen as a significant milestone that unlocks new opportunities in the European retail market [6] Technological Advancements - MySize's AI-driven sizing solution, Naiz Fit, has delivered over 42 million personalized size recommendations and supported 1.5 million virtual try-ons [7] - The technology has increased conversion rates by 5.7 times and reduced return rates by 14%, driving cost savings for retail partners [7] - Naiz Fit has boosted average order value by 27% and improved consumer engagement by 15% [7] M&A Strategy - The company is actively exploring M&A opportunities to enhance growth and scale operations [10] - Targeting companies aligned with its expertise in AI-driven sizing solutions and e-commerce platforms is a key focus [10] - The M&A approach is grounded in strategic alignment and long-term value creation [11]

Core Viewpoint - My Size, Inc. reported a quarterly loss of $0.64 per share, significantly better than the Zacks Consensus Estimate of a loss of $1.14, marking an earnings surprise of 43.86% [1] - The company has shown mixed performance in revenue estimates, missing the consensus by 8.05% with revenues of $1.84 million for the quarter ended September 2024, down from $2.16 million a year ago [2] Financial Performance - The quarterly loss of $0.64 per share is an improvement from a loss of $3.52 per share a year ago [1] - Over the last four quarters, My Size has surpassed consensus EPS estimates three times [2] - The company has not been able to beat consensus revenue estimates over the last four quarters [2] Stock Performance - My Size shares have declined approximately 72.2% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current Zacks Rank for My Size is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.63 on revenues of $3 million, and for the current fiscal year, it is -$4.69 on revenues of $9.96 million [7] - The trend of estimate revisions for My Size is mixed, which could change following the recent earnings report [6] Industry Context - The Internet - Software industry, to which My Size belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Core Viewpoint - My Size, Inc. (MYSZ) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its 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 often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Recent Performance and Outlook - My Size is projected to earn -$4.69 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 74.4% [8]. - Over the past three months, the Zacks Consensus Estimate for My Size has increased by 44.7%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% 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].

Financial Results - My Size, Inc. reported its second quarter results for the period ending June 30, 2024[3] - The press release detailing the financial results was issued on August 14, 2024[3] - The financial information provided is not deemed "filed" under the Securities Exchange Act of 1934[3] Company Classification - The company is not classified as an emerging growth company under the Securities Act[2] Report Details - The report was signed by CEO Ronen Luzon on August 14, 2024[5]

Core Insights - MySize, Inc. reported a 53% year-over-year increase in revenues, reaching $1.97 million for Q2 2024, driven by strong performance from Orgad and Naiz Fit [2] - Gross profit increased by 61% to $984,000, up from $519,000 in the prior-year period, primarily due to revenue growth [2] - The company narrowed its operating loss by 44% to $877,000, compared to $1.55 million in Q2 2023, reflecting disciplined cost management [2] - Net loss improved by 25% to $964,000, down from $1.29 million in Q2 2023, attributed to increased revenues and reduced operational costs [2] - As of June 30, 2024, MySize held $3.2 million in cash and cash equivalents [2] Management Commentary - The CEO emphasized that the revenue and gross profit growth are indicators of successful strategic efforts in enhancing Orgad's revenue and optimizing SaaS offerings through Naiz Fit [3] - The company aims to leverage AI-driven retail solutions to drive continued revenue growth, reduce product returns, and improve customer satisfaction [3] - Management expressed confidence in sustaining momentum and achieving long-term cash flow positivity, positioning the company to capitalize on growth opportunities in e-commerce and retail sectors [3] Company Overview - MySize, Inc. is an omnichannel e-commerce platform providing AI-driven measurement solutions, including MySizeID and Naiz Fit, aimed at driving revenue growth and reducing costs for business clients [4] - Orgad operates as an online retailer platform with expertise in e-commerce, supply chain, and technology, functioning as a third-party seller on platforms like Amazon [4] - The company has developed unique measurement technology with applications across various industries, including apparel, e-commerce, DIY, shipping, and parcel delivery [5]

Here's What Makes the Trend Reversal More Likely for MYSZ Shares of My Size, Inc. (MYSZ) have been struggling lately and have lost 11.1% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Commission File Number) Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 16, 2024 MY SIZE, INC. (Exact name of registrant as specified in its charter) Delaware 001-37370 51-0394637 (State or other jurisdiction of incorporation) (IRS Employer HaYarden 4, POB 1026, Airport City, Israel 7010000 (Address of principal executive offices and Zi ...

Q1 revenues of $2.98 M up 314% over prior year period AIRPORT CITY, Israel, May 16, 2024 /PRNewswire/ -- MySize, Inc. (Nasdaq: MYSZ) ("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 March 31, 2024. Key Financial Highlights for the Three Months Ended March 31, 2024 Compared to Prior Year Period and Recent ...

For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File No. 001-37370 U. S. SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MY SIZE, INC. (Exact name of registrant as specified in its charter) Delaware 51-0394637 (State or other jurisdiction of incorporation or ...

AIRPORT CITY, Israel, May 7, 2024 /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 the receipt of a formal notification from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company's common stock to maintain a minimum bid price of ...