Ronen Luzon, Founder and CEO of MySize, expressed pride in the company's progress and stressed the importance of strategic alignment and long-term value creation in their approach to mergers and acquisitions. He believes that MySize's strategic expansion, technology, and commitment to innovation position the company for an exciting future. The market appears to be recognizing this potential, with the stock showing a remarkable 51.25% price return over the past six months. Investors seeking deeper insights into MySize's valuation and growth metrics can access comprehensive analysis through InvestingPro, which provides detailed financial health scores and forward-looking indicators. The market appears to be recognizing this potential, with the stock showing a remarkable 51.25% price return over the past six months. Investors seeking deeper insights into MySize's valuation and growth metrics can access comprehensive analysis through InvestingPro, which provides detailed financial health scores and forward-looking indicators.
Ronen Luzon, Founder and CEO of MySize, expressed pride in the company's progress and stressed the importance of strategic alignment and long-term value creation in their approach to mergers and acquisitions. He believes that MySize's strategic expansion, technology, and commitment to innovation position the company for an exciting future. The market appears to be recognizing this potential, with the stock showing a remarkable 51.25% price return over the past six months. Investors seeking deeper insights into MySize's valuation and growth metrics can access comprehensive analysis through InvestingPro, which provides detailed financial health scores and forward-looking indicators.
MySize's AI-driven sizing solution, Naiz Fit, has also achieved notable milestones, delivering over 42 million personalized size recommendations across 18+ countries and supporting 1.5 million virtual try-ons. These achievements have led to a 5.7x increase in conversion rates and a 14% reduction in return rates, which the company believes drives cost savings and operational efficiency for retail partners.
Looking to the future, MySize plans to showcase its technologies at industry events in January 2025, including CES in Las Vegas and NRF in New York. The company is also exploring mergers and acquisitions to expand product offerings, accelerate market reach, and optimize operational synergies.
Ronen Luzon, Founder and CEO of MySize, expressed pride in the company's progress and stressed the importance of strategic alignment and long-term value creation in their approach to mergers and acquisitions. He believes that MySize's strategic expansion, technology, and commitment to innovation position the company for an exciting future.
The information provided is based on a press release statement from MySize, Inc. and reflects preliminary financial results for the year ending December 31, 2024. These results are unaudited and may differ materially upon completion of the company's financial closing procedures. Investors are cautioned not to place undue reliance on these preliminary estimates.
In other recent news, technology firm My Size has experienced some changes in its financial outlook. H.C. Wainwright, an analyst firm, has adjusted its price target for My Size's shares from $5.00 to $3.00, while maintaining a Buy rating. This revision comes after My Size reported its September quarter results, revealing a 7% sequential decrease in sales from $2.0 million in June to $1.8 million. This also represents a 14% drop compared to the same quarter in the previous year. Despite these challenges, My Size experienced a sequential increase in its Software-as-a-Service (SaaS) revenue, which rose to $172,000 from $163,000 in the previous quarter. Furthermore, the company's inventory level increased to $2.2 million from $1.8 million in June, indicating anticipation of customer demand. Despite the lowered price target, H.C. Wainwright remains optimistic about the potential of My Size's sizing technology within the garment industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.