Naiz Fit (AI sizing for apparel and footwear)
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MySize Issues CEO Letter to Stockholders
Prnewswire· 2026-03-03 14:48
Core Viewpoint - MySize, Inc. is focused on regaining compliance with Nasdaq listing requirements while enhancing its business operations and revenue quality to create long-term shareholder value [1] Financial Performance - MySize generated approximately $10 million in revenue during 2025, with Orgad, its Amazon-focused business, achieving gross margins of around 40% [1] - The newly formed subsidiary, 10peaks, generated approximately $150,000 in revenue in 2025 and operated at gross margins of about 65% before operating expenses [1] - Management estimates that 10peaks could generate annual revenues of approximately $3 million based on current commercial assumptions [1] Business Strategy - MySize aims to address challenges in online fashion, specifically returns and excess inventory, through its various business units [1] - Orgad focuses on distributing excess inventory, Percentil operates a secondhand marketplace, and Naiz Fit provides AI sizing solutions to reduce returns and improve conversion rates [1] - The company emphasizes the interconnectedness of its businesses to create a balanced and resilient operation, aiming to grow revenue and increase higher-margin activities [1] Compliance and Listing Status - MySize received a notice from Nasdaq regarding its stock price falling below $1.00 for 30 consecutive trading days, with a compliance period until August 31, 2026, to regain the required bid price [1] - The company intends to monitor its stock price and consider options to regain compliance with Nasdaq's minimum bid price requirement [1]