MySize meets 2022 revenue guidance of $4.5M; expects 2023 revenue to double

My Size, Inc.

2024-Q1 EPS reported -$13.42 revenue$720,000

Consolidated revenue $4,459,000, up 3,304% YoY; Q4 revenue ~$2.5M.
Gross profit $634,000 (384% increase); net loss narrowed to $8.31M.
Cash and cash equivalents $2.1M at Dec 31, 2022; $3M raised in Jan 2023.
Acquired Naiz Fit and Orgad; expects ~$1M in sizing solution revenue in 2023.
2023 revenue expected to double over 2022 levels based on current run-rate.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

My Size, Inc. reported the year ended December 31, 2022 results: revenue $4,459,000, net income $8,310,000. Guidance initiated.

Period: the year ended December 31, 2022
Revenue: $4,459,000
Net income: $8,310,000
Guidance: initiated
Result: reported results

Exact text from the filing

Key Financial Highlights for the Year Ended December 31, 2022 Compared to Prior Year Period ● Consolidated revenue increased 3304% to $4,459,000, primarily attributable to revenue generated following the acquisition of Orgad ● Software-as-a-Service (SaaS) revenues from MySizeID and Naiz Fit increased 150% to $327,000 ● Gross profit increased 384% to $634,000 ● Operating loss decreased 23% to $8,110,000 ● Net loss decreased 21% to $8,310,000 ● Cash balance at December 31, 2022 of $2.1 million, plus $3 million raised in January 2023

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Source: SEC EDGAR

accession 0001493152-23-012239

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