My SizeNASDAQ: MYSZ

My Size (MYSZ) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

In the first quarter of 2024, MySize reported revenues of $2.98 million, a 314% increase from the same period in the prior year. The increase in revenue was mainly due to the acquisition of Orgad Software-as-a-Service. Additionally, SaaS revenues increased by 25% to $177,000, and gross profit improved to $1.196 million from a loss of $1.147 million in the previous year.

MySize Inc (NASDAQ:MYSZ) has announced that its third quarter 2023 revenue rose 197% year over year to $2.156 million, driven primarily by growth at Orgad and software as a service (SaaS) solution including Naiz Fit.  The omnichannel e-commerce platform and provider of AI-driven measurement solutions also said its gross profit margin for the period increased to 64%.

MySize Inc (NASDAQ:MYSZ) announced that its Spain-based Naiz Fit has launched a new sizing solution product—Naiz Fit Workforce—specifically addressing the needs of the $33 billion global workwear and uniforms market.    The omnichannel e-commerce platform and provider of AI-driven measurement solutions said Naiz Fit Workforce is the latest addition to MySize's growing portfolio of software as a service (SaaS) recurring revenue products.

MySize Inc (NASDAQ:MYSZ) said it now expects to report revenue for 2023 of $8 million, nearly doubling revenue of $4.46 million in the previous financial year driven by growth at Orgad and the Naiz Fit and MySizeID artificial intelligence (AI)-driven sizing solutions. MySize acquired the omnichannel e-commerce platform Orgad and its sizing technology competitor Naiz Fit in 2022.

MySize Inc (NASDAQ:MYSZ) announced that its Spain-based apparel sizing solution Naiz Fit won the “Agile Customer Journey” innovation award at Paris Retail Week 2023. The company noted that Naiz Fit was recognized at Paris Retail Week for its suite of Software-as-a-Service (SaaS) solutions that help the fashion industry reduce size-related returns, which has resulted in a 65% reduction in size-related returns compared to brands that did not use the solution at the same stores for the same items.

MySize Inc (NASDAQ:MYSZ) has reported positive results from a pilot program of its Software-as-a-Service solution Smart Catalogue with Portugal-based brand Salsa Jeans. Shares of the company rose on the news, up 15% at US$1.35 in early trade on Wednesday.

MySize Inc (NASDAQ:MYSZ) announced that its Naiz Fit online apparel sizing solution was chosen as one of the best ecommerce tools of the year by Spanish media outlet Marketing4ecommmerce. The annual ecommerce report evaluates technology and service providers from around the world for its awards.

MySize Inc (NASDAQ:MYSZ) has announced that La Garrocha, an equestrian-themed fashion brand from Spain, has successfully utilized MySize's Naiz Fit apparel sizing tool to improve its business metrics, including better inventory management, increased customer conversations, and higher sales.    The omnichannel e-commerce platform and provider of AI-driven measurement solutions said over the past two years, La Garrocha customers utilizing Naiz Fit have generated nearly €600,000, or US$654,000, in purchases.