Core Insights - MySize, Inc. reported strong revenue growth, anticipating 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 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]
MySize present year over year growth, 2025 targets $15M Revenue, Anticipates Strong 2024 Finish close to 100% Growth from 2022