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AIRPORT CITY, Israel - MySize, Inc. (NASDAQ: MYSZ), an AI-driven measurement solutions provider, today announced the addition of Roy Golan to its Board of Directors. Golan, with over 20 years of financial leadership, is expected to strengthen the company’s strategic growth plans through his expertise in IPOs, fundraising, and M&A activities.
The appointment aligns with MySize’s current focus on accelerating growth and enhancing its market position. As the company explores new opportunities for expansion, Golan’s track record in corporate finance is seen as a valuable asset to guide MySize’s strategic execution and boost investor confidence. The company has demonstrated strong revenue growth of 44% in the last twelve months, though InvestingPro analysis indicates the company is currently trading below its Fair Value.Want deeper insights? InvestingPro subscribers have access to over 10 additional exclusive tips about MySize’s financial health and growth prospects.
Ronen Luzon, CEO and Founder of MySize, expressed enthusiasm about Golan’s joining, citing his ability to drive shareholder value and provide financial governance. Golan also shared his eagerness to contribute to the company’s success, emphasizing MySize’s potential for growth and his role in capital markets and M&As to enhance shareholder value.
MySize’s proprietary measurement technology, including products like MySizeID and Naiz Fit, aims to help retailers increase revenue and reduce costs by improving fit accuracy and minimizing returns. The company also operates Orgad, an online retailer platform, and has introduced the FirstLook Smart Mirror to enhance in-store shopping experiences.
This news is based on a press release statement, which also contains forward-looking statements regarding MySize’s strategic and business plans. These statements are subject to risks and uncertainties that could cause actual results to differ from expectations. MySize cautions not to place undue reliance on these forward-looking statements, which reflect the company’s views only as of today.
In other recent news, My Size, Inc. reported a 23% increase in revenue, expecting to close the year with $8.5 million, and projects potential revenue of $15 million by 2025. This growth is attributed to the expansion of its e-commerce platform, Orgad, into the European market and advancements in its AI-driven sizing solutions. Additionally, My Size secured $3 million from the exercise of outstanding warrants, which will support strategic growth initiatives and enhance operational efficiencies. In corporate governance developments, shareholders at My Size’s annual meeting approved the election of Ronen Luzon as a Class III director and ratified the appointment of Somekh Chaikin as the independent public accountant. The company also announced that CFO Or Kles will resign effective March 31, 2025, with a search underway for his successor. These recent developments highlight the company’s ongoing strategic efforts and financial maneuvers to strengthen its market position.
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