MySize Reports Second Quarter 2024 Financial Results
My Size, Inc. (MYSZ)
US:NASDAQ Investor Relations:
mysizeid.com/investor-relations
Company Research
Source: PR Newswire
Highlighting 53% Revenue Growth and Path to Profitability Revenues and gross profits up 53% and 61%, respectively, driven by growth at Orgad and Naiz Fit AIRPORT CITY, Israel, Aug. 14, 2024 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ), a leader in AI-driven measurement solutions for the e-commerce industry, today announced its financial results for the second quarter ended June 30, 2024. The company reported robust financial performance, marked by a 53% increase in revenues and a 61% rise in gross profit, reflecting the strong performances of Orgad and the successful markets penetration from Naiz Fit.Key Financial Highlights for the Three Months Ended June 30, 2024 Compared to Prior Year PeriodRevenue: MySize achieved a 53% year-over-year increase in revenues, reaching $1.97 million in Q2 2024, compared to $1.29 million in Q2 2023. This growth was driven by the enhanced performance of Orgad and the steady SaaS revenue stream from Naiz Fit.Gross Profit: Gross profit surged by 61% to $9
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