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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]
MySize Reports Strong Third Quarter 2025 Results With Sequential Revenue Growth and Margin Expansion
Prnewswire· 2025-11-14 14:03
Core Insights - MySize, Inc. reported a strong financial performance for Q3 2025, with a sequential revenue growth of 26% and a narrowing of net losses to $2.8 million from $3.4 million in the previous year [5][8]. Financial Highlights - Revenue reached $2.6 million, marking a 26% increase sequentially from Q2 2025 [8]. - Gross profit was $1.0 million, reflecting a 27% year-over-year increase [8]. - Operating loss improved to $3.0 million, a 9% reduction year over year [8]. - Cash and equivalents stood at $4.5 million as of September 30, 2025 [8]. Operational Highlights - Percentil, the secondhand marketplace, showed strong performance across Spain, Italy, Germany, and France, adding new wholesale partners and expanding direct-to-consumer sales [3]. - Naiz Fit experienced over 25% year-to-date SaaS revenue growth, driven by new client deployments and renewals [4]. - The integration of ShoeSize.Me with Naiz Fit and MySizeID created a unified sizing intelligence engine for apparel and footwear clients [3]. Management Commentary - The CEO of MySize highlighted Q3 as a solid execution quarter with sequential revenue growth, stronger margins, and continued narrowing of losses, positioning the company for ongoing momentum into Q4 and 2026 [5]. Outlook - The company anticipates continued sequential growth in Q4, driven by the scaling of Percentil, expansion of Naiz Fit's SaaS, and integration benefits from ShoeSize.Me [5].