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My Size(MYSZ) - 2024 Q1 - Quarterly Results
2024-05-16 13:18
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 ...
MySize Reports First Quarter 2024 Financial Results: Record Three-Month Revenues and Gross Profits
prnewswire.com· 2024-05-16 13:00
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 ...
My Size(MYSZ) - 2024 Q1 - Quarterly Report
2024-05-15 20:29
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 ...
My Size Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
Prnewswire· 2024-05-07 14:08
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 ...
My Size(MYSZ) - 2023 Q4 - Annual Report
2024-04-01 21:31
Financial Performance - Revenues for the year ended December 31, 2023, amounted to $6,996,000, an increase of 57.0% compared to $4,459,000 for the year ended December 31, 2022, primarily due to increased sales from Orgad and Naiz Fit [244]. - Cost of revenues for 2023 was $4,265,000, up from $3,825,000 in 2022, including a $643,000 inventory markdown due to a fire at Orgad's warehouse [246]. - The operating loss for 2023 was $6,741,000, a decrease of $1,369,000 or 16.9% compared to an operating loss of $8,110,000 in 2022 [251]. - Financial income for 2023 was $99,000, a significant improvement from financial expenses of $236,000 in 2022 [252]. - Net loss decreased to $6,380,000 in 2023 from $8,310,000 in 2022, reflecting a reduction in financial expenses [253]. Expenses - Research and development expenses decreased by $727,000, or approximately 42.7%, to $974,000 in 2023 compared to $1,701,000 in 2022, mainly due to reduced headcount [247]. - Sales and marketing expenses increased by $713,000, or 22.7%, to $3,856,000 in 2023, driven by higher Amazon fees offset by reduced salary expenses [248]. - General and administrative expenses rose by $71,000, or 1.8%, to $3,971,000 in 2023, primarily due to increased professional expenses [249]. - A goodwill impairment charge of $671,000 was recorded in 2023, with no impairment recorded in 2022 [250]. - An impairment charge of $671,000 was recorded for the SaaS Solutions reporting unit due to carrying value exceeding fair value [272]. Cash Flow and Financing - Cash, cash equivalents, and restricted cash as of December 31, 2023, were $2,264,000, down from $2,363,000 in 2022 [255]. - Net cash used in operating activities improved to $6,106,000 in 2023 from $7,290,000 in 2022 [256]. - Net cash provided by financing activities was $6,134,000 in 2023, compared to negative cash flow of $67,000 in 2022, driven by public and private offerings [258]. - The company completed a registered direct and concurrent private placement offering in January 2023, raising approximately $3 million [255]. - A warrant repricing transaction in August 2023 generated gross proceeds of approximately $4.2 million [255]. Future Outlook - The company anticipates continued losses and negative cash flows, with existing cash expected to be insufficient for operations beyond 12 months [259]. - The company faces challenges in raising additional capital due to current market conditions and geopolitical factors, which may adversely affect operations [260]. Acquisitions and Strategic Focus - The acquisition of Orgad involved a cash consideration of up to $1,000,000 and an equity consideration of 111,682 shares, with earn-out payments based on operating profit for 2022 and 2023 [227]. - The acquisition of Naiz included a cash consideration of up to $2,050,000 and an equity consideration of 240,000 shares, representing not more than 19.9% of the outstanding shares [233]. - The company is focused on commercializing Naiz Fit technology to enhance online shopping experiences and reduce return rates [222].
My Size(MYSZ) - 2023 Q3 - Quarterly Report
2023-11-14 21:39
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 For the quarterly period ended September 30, 2023 ☐ 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 MY SIZE, INC. (Exact name of registrant as specified in its charter) Delaware 51-0394637 (State or other jurisdiction of incorporation ...
My Size(MYSZ) - 2023 Q2 - Quarterly Report
2023-08-14 20:16
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 For the quarterly period ended June 30, 2023 ☐ 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 MY SIZE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawar ...
My Size(MYSZ) - 2023 Q1 - Quarterly Report
2023-05-15 20:31
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 For the quarterly period ended March 31, 2023 ☐ 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 MY SIZE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) HaYard ...
My Size(MYSZ) - 2022 Q4 - Annual Report
2023-04-14 15:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number 001-37370 MY SIZE, INC. (Exact name of registrant as specified in charter) | Delaware | 51-0394637 | | --- | --- | | (State or jurisdiction of ...
My Size(MYSZ) - 2022 Q3 - Quarterly Report
2022-11-14 21:26
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 For the quarterly period ended September 30, 2022 ☐ 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 MY SIZE, INC. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant is a large accelera ...