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          PRNewsWire
          7 months ago
         
        
          MySize Reports 2024 Full-Year Financial Results: Revenue Grows 18% to $8.26 Million and Cash Reserves More Than Double
        
        
          Revenue increased to $8.26 million, up 18% year-over-year Cash and cash equivalents increased 123% to $4.88 million Shareholders' equity rose 46% to $6.91 million 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. Key Financial Highlights for the Year Ended December 31, 2024 Compared to 2023 Total revenue increased 18% to $8.26 million, compared to $7.00 million in 2023 Net loss decreased 37% to $3.99 million, compared to $6.38 million in 2023 Cash and cash equivalents more than doubled to $4.88 million, up from $2.19 million Shareholders' equity increased 46% to $6.91 million, compared to $4.74 million in 2023 Total assets reached $10.06 million, up from $8.99 million Total liabilities decreased to $3.15 million, compared to $4.26 million in 2023 Business & Operational Highlights for 2024: Naiz Fit Growth: Over 100 fashion brands adopted MySize's AI-driven sizing platform, deploying modules like Smart Catalog, True Feedback, and First Look Smart Mirror to optimize fit, reduce returns, and boost conversions.