MySize, a global leader in AI-driven sizing solutions and omnichannel e-commerce platforms, has announced its financial results for the year ending December 31, 2024. The company reported an 18% increase in revenue, reaching $8.26 million, alongside a significant doubling of its cash reserves to $4.88 million.
Compared to 2023, MySize achieved the following milestones: Revenue Growth: Total revenue increased by 18%, from $7.00 million to $8.26 million. Net Loss Reduction: Net loss decreased by 37%, from $6.38
million to $3.99 million. Cash Reserves: Cash and cash equivalents more than doubled, rising from $2.19 million to $4.88 million. Shareholders' Equity: Increased by 46%, from $4.74 million to $6.91 million.
Liabilities Decrease: Total liabilities dropped from $4.26 million to $3.15 million, reflecting improved financial stability.
MySize Achievements Naiz Fit Platform Expansion: MySize's AI-powered sizing platform, Naiz Fit , was adopted by over 100 fashion brands in 2024, integrating modules such as Smart Catalog, True Feedback, and First Look Smart Mirror.
These tools helped optimize fit, reduce returns, and drive higher sales conversions for retailers globally. E-commerce Growth via Orgad: The Orgad e-commerce division contributed significantly to MySize 's top-line growth by leveraging AI-driven merchandising on platforms like Amazon and other digital marketplaces…
