earnings
confidence high
sentiment positive
materiality 0.70
MySize reports Q2 revenue up 2570% to $801K; net loss narrows 60%
My Size, Inc.
2023-Q2 EPS reported
$3.88
revenue$1,205,000
- Revenue of $801K vs $30K YoY, driven by Orgad acquisition ($752K from Orgad).
- Operating loss narrowed 62% to $1.651M; net loss of $1.716M (EPS -$0.07) vs -$0.33.
- Cash and equivalents $6.5M as of June 30, 2022; no material long-term debt.
- Reaffirms FY 2022 revenue guidance of at least $5M based on existing business.
- New FirstLook Smart Mirror launched; first revenues expected in Q3 2022.