- MySize (MYSZ, Financial) reports 18% revenue growth in 2024 and significant reduction in net loss by 37%.
- Two Letters of Intent signed for potential acquisitions in the second-hand apparel and AI shoe technology sectors.
- Successful integration of Orgad and Naiz Fit boosts revenue and efficiency, aiding European market expansion.
MySize, Inc. (MYSZ), an innovative leader in omnichannel e-commerce platforms and AI-driven sizing solutions, has released its strategic outlook for 2025. The company highlights remarkable financial progress in 2024 with an 18% year-over-year increase in revenue, more than doubling its cash reserves, and reducing net losses by 37%.
In a strategic move to enhance growth opportunities, MySize has signed two Letters of Intent (LOIs) for potential acquisitions in the second-hand apparel and AI shoe technology sectors. These acquisitions are poised to expand MySize's leadership in high-growth verticals, complementing its existing capabilities and bolstering operational efficiency.
The integration of previously acquired Orgad and Naiz Fit into the MySize Group has yielded positive results, improving revenue generation and operational efficiency. The company's roll-up strategy and geographic expansion, particularly through Orgad's entry into major European markets, further solidify MySize's growth trajectory.
MySize's commitment to leveraging AI and big data from its subsidiaries is paving the way for innovative solutions in retail optimization. This focus on creating proprietary AI-driven solutions positions MySize at the forefront of the retail technology revolution, with a keen eye on achieving profitability in the near future.
While the company maintains a strong financial momentum, the timeline for full profitability remains unspecified, despite the positive trend in reduced losses. The recent LOIs represent preliminary agreements, indicating potential strategic growth avenues for MySize.
