MySize reports strategic growth and M&A activities

AIRPORT CITY, Israel - MySize, Inc. (NASDAQ:MYSZ), an e-commerce and AI-driven measurement solutions provider with a market capitalization of $3.12 million, has shared a strategic update highlighting recent growth initiatives and financial milestones. In a letter to shareholders, CEO Ronen Luzon outlined the company’s active pursuit of mergers and acquisitions, including two Letters of Intent (LOIs) aimed at expanding into the second-hand apparel and AI shoe technology sectors.

The integration of Orgad and Naiz Fit into MySize Group is part of a roll-up strategy showing positive results in revenue and operational efficiency, with an 18% year-over-year revenue growth and a healthy gross margin of 40.24%. Luzon emphasized the company’s approach to scaling with financial discipline, aiming for cash-flow breakeven and profitability. The selection of acquisition targets is based on their profitability or potential for profitability. InvestingPro analysis reveals 14 additional key insights about MySize’s financial health and growth prospects.

To bolster its strategic growth, MySize has been enhancing its leadership team with experienced executives. This move is intended to scale operations while maintaining strategic focus.

Financially, MySize reported an 18% year-over-year revenue growth in 2024, a doubling of cash reserves, and a 37% reduction in net loss. Geographic expansion, particularly Orgad’s entry into European markets, and strategic M&A are key components of the company’s profitability roadmap.

Leveraging data from group companies, especially Naiz Fit, MySize is developing AI-powered retail solutions. The CEO expressed confidence in the company’s positioning at the forefront of retail technology through the combination of AI, big data, and strategic acquisitions.

In closing, Luzon reaffirmed MySize’s commitment to sustainable, profitable growth and innovation, emphasizing the creation of long-term shareholder value. The company maintains a strong balance sheet with more cash than debt, supporting its strategic initiatives. Discover more detailed financial metrics and analysis with InvestingPro, including comprehensive valuation models and growth projections.

This update is based on a press release statement from MySize Inc. and reflects the company’s performance and strategic direction as of April 2025.

In other recent news, MySize, Inc. announced the addition of Roy Golan to its Board of Directors. Golan brings over 20 years of financial leadership experience, particularly in IPOs, fundraising, and M&A activities, which aligns with MySize’s current focus on accelerating growth. This strategic appointment is expected to enhance the company’s market position and guide its strategic execution. CEO Ronen Luzon expressed enthusiasm about Golan’s ability to drive shareholder value and provide financial governance. Golan also shared his eagerness to contribute to MySize’s growth, emphasizing his role in capital markets and M&As. MySize’s proprietary measurement technology 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. These developments are part of MySize’s broader strategy to explore new opportunities for expansion.

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