Business
MySize Reports 2024 Full-Year Financial Results: Revenue Grows 18% to $8.26 Million and Cash Reserves More Than Double
MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven sizing solutions for the retail industry, today reported financial and operational results for the twelve months ended December 31, 2024.
About this update from My Size, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":" Revenue increased to $8.26 million, up 18% year-over-year","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":" Cash and cash equivalents increased 123% to $4.88 million","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":" Shareholders' equity rose 46% to $6.91 million","length":50,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":164,"olType":false},{"type":"text","content":"AIRPORT CITY, Israel, March 28, 2025 /PRNewswire/ -- MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) ("MySize" or the "Company"), an omnichannel e-commerce platform and provider of AI-driven sizing solutions for the retail industry, today reported financial and operational results for the twelve months ended December 31, 2024.","length":354,"tagName":"p"},{"type":"image","alt":"My Size, Inc. Logo (PRNewsfoto/My Size Inc.)","displaySize":"","headline":null,"caption":"My Size, Inc. Logo (PRNewsfoto/My Size Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":200,"url":"https://media.zenfs.com/en/prnewswire.com/422c06964cb7137c3c93b71b35161fb7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/UATO0Y9m0ufaFsREaZ6Fyg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/422c06964cb7137c3c93b71b35161fb7","width":400,"height":200}},"href":"https://mma.prnewswire.com/media/689689/MySize_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Key Financial Highlights for the Year Ended December 31, 2024 Compared to 2023","length":78,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue increased 18% to $8.26 million, compared to $7.00 million in 2023","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss decreased 37% to $3.99 million, compared to $6.38 million in 2023","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash and cash equivalents more than doubled to $4.88 million, up from $2.19 million","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Shareholders' equity increased 46% to $6.91 million, compared to $4.74 million in 2023","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Total assets reached $10.06 million, up from $8.99 million","length":58,"tagName":"p...