#Israel #revenue growth #Airport City #MySize #AI-sizing

MySize, Inc. (NASDAQ: MYSZ), a leader in the omnichannel e-commerce sector known for its AI-driven sizing solutions, has released its financial outcomes for the year ending December 31, 2024. The company saw a notable revenue increase of 18%, reaching a total of $8.26 million compared to $7 million in 2023. This growth not only highlights the effectiveness of its services but also underscores the rising demand for innovative tech solutions within the retail industry.

Key Financial Highlights

The financial year 2024 was exceptional for MySize, as demonstrated by several key indicators:

• - Revenue: Boosted by 18% to $8.26 million, revealing MySize’s sustained market interest and operational efficiency.
• - Net Loss: A significant reduction of 37% in net loss, now at $3.99 million, compared to $6.38 million in the previous year.
• - Cash Reserves: Cash and cash equivalents saw a staggering increase of 123%, from $2.19 million to $4.88 million.
• - Shareholders' Equity: A 46% rise in shareholders' equity brought it to $6.91 million, a clear sign of the company's improving financial health.
• - Total Assets: Assets increased to $10.06 million from $8.99 million, while total liabilities decreased to $3.15 million from $4.26 million in 2023.

Operational Highlights

In 2024, MySize's operational advancements also contributed significantly to these financials:

• - Naiz Fit: More than 100 fashion brands implemented MySize's AI-based sizing platform, utilizing features like Smart Catalog and True Feedback. These tools are designed to optimize customer fit, decrease product returns, and efficiently increase sales conversions.
• - E-commerce Partnerships: MySize’s collaboration with Orgad E-commerce helped maintain steady contributions to revenue, driven by AI-enhanced merchandising strategies across platforms like Amazon and other digital marketplaces.
• - Ecosystem Expansion: The integration with various platforms, including Shopify, Magento, and Salesforce, facilitated rapid deployments and seamless omnichannel experiences, thus improving client retention rates globally.

Management Insights

Ronen Luzon, CEO and Founder of MySize, eloquently summarized the year’s performance, stating, "In 2024, we advanced our mission of transforming how fashion is sold and experienced. We achieved 18% revenue growth and more than doubled our cash reserves, demonstrating operational scale alongside disciplined financial management. Our technology is pivotal in providing substantial value to our retail partners and places us in a strong position for future growth via SaaS expansion and e-commerce innovations."

About MySize, Inc.

MySize, Inc. stands at the forefront of providing omnichannel e-commerce solutions and AI-driven sizing innovations, including MySizeID and Naiz Fit. Its offerings are designed to enhance operational efficiency, augment customer satisfaction, and ultimately drive revenue growth for businesses across the globe.

To keep updated on MySize's developments, investors and interested parties are encouraged to visit their official website at www.mysizeid.com, where they regularly post relevant information, underscoring their commitment to transparency and engagement with stakeholders.