MySize Reports First Quarter 2024 Financial Results: Record Three-Month Revenues and Gross Profits
My Size, Inc. (MYSZ)
US:NASDAQ Investor Relations:
mysizeid.com/investor-relations
Company Research
Source: PR Newswire
Q1 revenues of $2.98 M up 314% over prior year periodAIRPORT 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 DevelopmentsConsolidated revenue increased 314% to $2,984,000 primarily attributable to revenue generated following the acquisition of OrgadSoftware-as-a-Service (SaaS) revenues increased 25% to $177,000Gross profit increased to $1,196,000 compared to ($1,147,000).Operating loss narrowed by 57% to $1,071,000Net loss narrowed by 61% to $1,016,000Inventory balance at March 31, 2024 was $2,136,000Entered into warrant repricing transaction for aggregate gross proceeds of approximately $
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News
- My Size, Inc. (NASDAQ: MYSZ) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $5.00 price target on the stock.MarketBeat
- My Size Second Quarter 2024 Earnings: US$1.28 loss per share (vs US$4.23 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- MySize Reports Second Quarter 2024 Financial ResultsPR Newswire
MYSZ
Analyst Actions
- 8/21/24 - HC Wainwright
MYSZ
Sec Filings
- 8/14/24 - Form 8-K
- 8/12/24 - Form 10-Q
- MYSZ's page on the SEC website