MySize Reports First Quarter Financial Results Highlighted by Record 1400% Growth to $404,000 Revenue in Q1 2022
My Size, Inc. (MYSZ)
US:NASDAQ Investor Relations:
mysizeid.com/investor-relations
Company Research
Source: PR Newswire
Reiterates 2022 Guidance of At Least $5 Million Revenue Based on Existing BusinessCash Balance of $7.8 Million at Quarter EndAIRPORT CITY, Israel, May 13, 2022 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("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 announced financial and operational results for the first quarter ended March 31, 2022.Key Financial Highlights for the First Quarter Ended March 31, 2022 Compared to Prior Year PeriodRevenue increased 1400% to $404,000, primarily attributable to closing the acquisition of Orgad on February 7, 2022MySizeID revenue increased 63% to $44,000Gross profit increased 467% to $153,000Cash balance at March 31, 2022 of $7.8 millionInventory balance at March 31, 2022 of $1.1 millionOperating loss increased 39% to $2,105,000Net loss increased 50% to $2,188,000Business Highlights for the First Quart
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MYSZ
News
- My Size Announces Reverse Stock SplitPR Newswire
- My Size Full Year 2023 Earnings: US$2.50 loss per share (vs US$7.47 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Naiz Fit, a My Size Inc Company, Unveils Groundbreaking Generative AI Strategies to Revolutionize Fashion Tech [Yahoo! Finance]Yahoo! Finance
- Naiz Fit, a My Size Inc Company, Unveils Groundbreaking Generative AI Strategies to Revolutionize Fashion TechPR Newswire
MYSZ
Sec Filings
- 4/15/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/22/24 - Form DEF
- MYSZ's page on the SEC website